T-Mobile wrapped up its first quarter with an impressive achievement: four years of quarterly net customer gains above 1 million. Oddly enough, four years ago, T-Mobile shifted away from two-year device contracts, one of dozens of industry leading moves it would undertake.
The company reported $9.6 billion in total revenues, 11 percent more than a year ago, but was only able to convert that into operating income of $1.04 billion, an 11 percent loss. Net income did increase 46 percent to $698 million.
The Un-carrier ended this particular quarter with 72.6 million, a net gain of more than 1.1 million. Prepaid continues to improve in a sector that has seen declines: 386,000 came into either MetroPCS or T-Mobile prepaid.
We decided to track the changes for T-Mobile’s reported figures for total customers and branded postpaid customers from quarter to quarter. These do not reflect net additions reported on each quarterly report. The below figures are in thousands.
|Period||Net subscriber count||Net change (subsequent)||Postpaid subscriber count||Postpaid change (subsequent)|
It seems that increased competition from Sprint and Verizon have induced some recent slow periods in T-Mobile’s growth, — especially as new unlimited data plans have surfaced this quarter — but the rates remain impressive nonetheless.
An FCC-mandated freeze on any merger and acquisition discussions surrounding any bidders in the 600MHz spectrum auction that just wrapped up will end this week. Market chatter is prizing up T-Mobile to be a sweet target for players like Comcast or a merging partner like the would-be of 2013, Sprint.
The company makes the point that it snagged 45 percent of the offerings available to it and that it hopes to have some deployment activity started in the fourth quarter — that’s despite the National Association of Broadcasters demand that all parties involved adhere to a 39-month timeline repacking timeline.