T-Mobile claims it has surpassed Sprint in terms of subscriber count

[Shawn Knight]

AT&T and Verizon hold commanding leads over the rest of the wireless industry but it’s actually the back half of the pack that’s been most interesting as of late. Of course I’m talking about Sprint and T-Mobile, or as T-Mobile CEO John Legere now sees it, T-Mobile and Sprint.

The outspoken chief of team magenta claimed in a recent earnings call that his company has now passed rival Sprint in terms of total subscribers.

According to his math, Sprint had 55 million customers going into 2013. Heading into 2014, they still had 55 million customers and now heading into this year, that figure is still the same. T-Mobile, meanwhile, went from 33 million customers to 55 million customers now.

At best, the two carriers are tied for third place based on those numbers. But Legere had another trick up his sleeve, pointing out that 1.7 million customers on Sprint’s roster are “dead” meaning they have no usage or generate no revenue. By the next quarter, Legere said, it’ll be clear that T-Mobile has overtaken Sprint.

The news comes alongside T-Mobile’s fourth quarter earnings report which certainly looked promising for a company that has struggled as they have.

Revenues for the quarter were $8.15 billion, up from the $7.89 billion that Wall Street forecasted. The company also posted a profit of $101 million, or $0.12 a share. During the same period last year, T-Mo lost $20 million. During the quarter, T-Mobile added 2.1 million customers.

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https://www.techspot.com/news/59802-t-mobile-claims-has-surpassed-sprint-terms-subscriber.html

 

[RustyTech]

By all account, and based on what everyone believes, T-Mobile is losing money and getting further into the hole since their most recent changes are not/cannot be sustainable.

 

[psycros]

By all account, and based on what everyone believes, T-Mobile is losing money and getting further into the hole since their most recent changes are not/cannot be sustainable.

And by "everyone" you mean AT&T and Verizon. Here's a fun fact: if you can settle for just good profits rather than completely OBSCENE profits (from f**king your customers non-stop), you can actually do charge less and still grow your business.

 

[Guest]

"The company also posted a profit of $101 million, or $0.12 a share."

 

[RustyTech]

Thank you psycros and Guest!

 

[Adam1]

By all account, and based on what everyone believes, T-Mobile is losing money and getting further into the hole since their most recent changes are not/cannot be sustainable.

They are in the business of money, they wouldn't risk everything for being in debt. Chances are they are doing this so another company can buy them out.

 

[captaincranky]

"The company also posted a profit of $101 million, or $0.12 a share."

I think I'd need to find out the price of a share before I pass judgement on whether that's good or bad.

By all account, and based on what everyone believes, T-Mobile is losing money and getting further into the hole since their most recent changes are not/cannot be sustainable.

IIRC, there was a news article here that stated exactly that..

Ah yes, here it is: https://www.techspot.com/community/...y-isnt-sustainable-over-the-long-haul.208184/

 

[RustyTech]

Captaincranky, I was going to link it, but thought I probably should't since people have been shewing me out as of late

 

[captaincranky]

Captaincranky, I was going to link it, but thought I probably should't since people have been shewing me out as of late

I know the feeling!