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T-Mobile adds 2.2 million subscribers in Q1 as Uncarrier initiative continues to impress

By Shawn Knight
Apr 26, 2016
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  1. In January 2015, Timotheus Hottges, CEO of T-Mobile parent company Deutsche Telekom, said he was intrigued by the idea of merging with Sprint. More importantly, he conceded that T-Mobile’s disruptive Uncarrier strategy wasn’t sustainable.

    Nearly a year and a half later, Team Magenta is continuing to attract new customers at an impressive rate. In its latest earnings report, T-Mobile said it added 2.2 million total new customers with more than a million of those being of the postpaid variety.

    It’s the sixth time in seven quarters that T-Mobile has added more than two million subscribers and the 12th consecutive quarter with at least a million new subscribers.

    In comparison, wireless leader Verizon added just 640,000 postpaid customers during the same period. Verizon still has a commanding lead, however, with 112.6 million subscribers compared to the 65.5 million customers that do business with T-Mobile, the nation’s third largest wireless provider.

    AT&T and Sprint are expected to post their quarterly reports later today.

    It seems T-Mobile’s tactics are starting to pay off financially as well. The carrier reported total revenues of $8.8 billion for the three-month period ending in March, an increase of 10.6 percent compared to the year-ago quarter. Profit, meanwhile, checked in at $479 million, or $0.56 per share. Analysts were expecting earnings of just $0.10 per share according to USA Today.

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  2. MoeJoe

    MoeJoe TS Maniac Posts: 401   +208

    Winning !
     
  3. Theinsanegamer

    Theinsanegamer TS Guru Posts: 382   +342

    Un-carrier is finally winning, now that they are actually turning a profit.
     
    Reehahs likes this.
  4. Darth Shiv

    Darth Shiv TS Evangelist Posts: 1,624   +378

    Sounds like a pretty decent profit when you are 5x expectations no?
     
    SirChocula likes this.
  5. RustyTech

    RustyTech TS Guru Posts: 865   +434

    So basically this strategy IS sustainable! I guess no matter how hard they try to pocket the money, they're making so much that they can't...so they have to show a profit.
     

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