Quick question, which U.S. carrier is the second-largest wireless provider in the country? AT&T, right? WRONG. Thanks to a super-strong calendar second quarter (fiscal first quarter), T-Mobile is now number two in the states with only Verizon ahead of it. During the company’s fiscal first-quarter it recorded 253,000 postpaid phone additions with a churn of .80%. Prepaid additions amounted to 133,000 with a churn of 2.81%. Total net additions of 1.25 million were the best in the industry giving T-Mobile 98.3 million customers at the end of the calendar second quarter. That is the second-largest total in the industry. Over the last year, the total number of T-Mobile customers rose by nearly 33,000 customers or 49%.
For 22 consecutive quarters, T-Mobile led the industry in total branded net customer additions
The T-Mobile-Sprint merger closed during the quarter and 10% of Sprint’s postpaid traffic has already been moved over to the T-Mobile network. This was T-Mobile’s first calendar quarter since Q2 of 2012 without John Legere as CEO. The executive stepped down after the merger with Sprint closed and was replaced by his long-time right-hand man Mike Sievert. Speaking of Sievert, the current T-Mobile CEO said, “Surpassing AT&T to become #2 was a huge milestone to kick off Q2, but that was only the beginning! In our first quarter as a combined company, T-Mobile led the industry in total branded customer adds – even in a challenging environment – and there is no doubt that we are THE leading growth company in wireless. Now we’re setting our sights on #1 – in customer choice and customers’ hearts – and we’ll get there by doing ONLY what the Un-carrier can do: offering customers the most advanced 5G network AND the best value while continuing to make big moves that fix customer pain points and disrupt this industry. I’m excited about what’s to come in this new T-Mobile era – we’re just getting started!”
After launching the first nationwide 5G network in the U.S., T-Mobile is focused on providing the best 5G user experience for its customers. According to Open Signal, T-Mobile customers are able to access a 5G signal twice as often as AT&T subscribers can, and 56 times as often as Verizon customers. A report from Ookla notes that T-Mobile has 5G coverage in four times the number of cities covered by AT&T and Verizon combined. And T-Mobile says that it customers sporting a 5G-capable device enjoy faster overall download and upload speeds than Verizon customers.
T-Mobile’s shares hit an all-time high after the earnings announcement was made. In after-hours trading the stock was changing hands at nearly $114, up over 5% from the close of regular trading.
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