T-Mobile enjoys another strong quarter, adding 1.9 million customers
In addition to widening the subscriber count gap between the nation’s third and fourth largest wireless communications service providers, T-Mobile continues to close in on “Dumb and Dumber”, which is how its CEO likes to refer to the market’s overall leader and silver medalist.
Of course, even 13 consecutive quarters of over 1 million customer gains aren’t enough for the “Uncarrier” to actually breathe down Verizon and AT&T’s necks. Big Red still dominates the charts, with 113.2 mil “retail connections” as of yesterday, while T-Mo managed to surge sequentially by 1.9M “total net adds” to 67.4 million mobile users “unwilling to compromise on quality and value.”
67.4 mil also represents a robust 8.5M year-on-year hike in prepaid + postpaid usage scores, which no doubt greatly contributed to a 12.8 percent increase in revenue this past quarter compared to Q2 2015.
On the not so bright side, Magenta’s profitability has probably been harmed by its costly publicity stunts, generous promotions, and rapid Binge On expansion, with net income of just $225 million reported between April and June 2016, down from $479 million during Q1 and $361 million in the April – June 2015 window.
Back to the good news, T-Mobile claims to now (theoretically) cover 311 million people with 4G LTE, and 200M+ potential customers across 350 market areas as far as “Extended Range LTE” is concerned.