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T-Mobile Gained 1.33 Million Customers in Third Quarter

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As indicated in its recently released earnings report for the third quarter of this year, T-Mobile has managed to register 1.33 million customer additions, essentially marking 18 consecutive quarters of recording at least a million customer additions. That 1.33 million figure can be further broken down into 817,000 postpaid customer adds, 226,000 new prepaid customers, and 286,000 wholesale additions.

In terms of customer turnover, the third biggest mobile operator in the country saw its postpaid and prepaid churn increase compared to the previous quarter’s numbers. T-Mobile’s postpaid churn for Q3 2017 rose to 1.23 percent, while its prepaid churn increased to 4.25 percent.

With regards to revenues, T-Mobile reported a total revenue figure of $10.02 billion, which beat the $10.01 billion projected by Wall Street. The company also posted a net income of $550 million, which represents a 50 percent improvement over the net income reported during the same quarter one year ago. The Uncarrier also registered year-over-year improvement in terms of total service revenues ($7.6 billion, which is up 7 percent compared to last year’s), net cash from operating activities (a record $2.4 billion, up 36 percent year-over-year), and free cash flow (a record $921 million, up 59 percent year-over-year).

In its more recent quarterly earnings report, T-Mobile also took the opportunity to announce plans to clear 1.2 million square miles by year’s end in order to roll out its 600 MHz spectrum. The mobile operator also said that during Q4 2017, a second phone compatible with the 600 MHz band will make its debut.

Having already launched 1,200 new T-Mobile outlets as well as 1,300 new MetroPCS locations, the carrier is now looking to open 500 more within the fourth quarter of this year. To date, the company’s 4G LTE network already serves 316 million customers. By year’s end, T-Mobile is targeting to hit 321 million customers.


Source: T-MobileTmoNews

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9 comments:

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  1. These quarterly results show what the carrier, or any company, need to do for its customers! Its a miracle that will work for any company. The flip side is what company should NOT do if it wants to grow and be customer friendly. Two birds at one shot!

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  2. Does anybody here know, with what new band radio(s)phones are getting ready to enter the US market?

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    1. Band 66 and 71 are T-Mobile's newer networks. The S8 Active is rumored to support both.

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  3. Mainly due to great leadership from the CEO, he kicked T-mobile into gear at death's door.

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  4. Never thought I'd switch from At-t to TMobile, but I did and now I don't have crippled data 70% of the time and coverage has been perfect for me.

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  5. What does this mean?
    "T-Mobile also took the opportunity to announce plans to CLEAR 1.2 MILLION SQUARE MILES BY YEAR'S END in order to roll out its 600 MHZ spectrum."

    Are they wiping out 1.2 million square miles of trees/land for new cell towers??? I don't understand.

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    1. It's a quote from the press release. I think T-Mobile means clear for deployment, meaning necessary permits approved, contracts signed with tower or property owners, etc.

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  6. I also switched from ATT to T-Mobile.. Coverage was TERRIBLE (Wisconsin).. So 2 weeks later I'm back with ATT mvno Pure Talk and quite happy with the service and the data speeds(full speed with PT)

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  7. I'll wait for the southeastern 600mhz rollout and the merged super-network to get finished.

    Then I'll wait for Metro to start selling budget devices which include all the new T-mobile bands.

    Then maybe I'll try T-mobile again.

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