Anytime reality beats upbeat expectations, things are better. And so it was yesterday as T-Mobile reported that it had added even more postpaid subscribers in 2015 — 4.5 million by December 31 – than the 3.8-4.2 million the self-described un-carrier had predicted earlier. The No. 3 carrier enjoyed a gain of 8.3 million new customers over the full year.
“In 2015 we AGAIN saw 8.3 million customers come to T-Mobile, and 2.1 million in Q4 – marking 11 consecutive quarters of over 1 million net adds and 3 quarters in a row with more than 2 million total nets for the Un-carrier,” said John Legere, president and CEO of T-Mobile. “That means we added 23,000 customers per day, EVERY DAY for the last two years, so trust me when I say we have NO plans to stop disrupting the status quo in wireless!”
T-Mobile said phone churn was 1.46% in the fourth quarter, down 27 basis points year-over-year, “marking the best churn improvement of the year.” Sequentially, churn was stable instead of the typical seasonal increase.
Among the carrier’s 2015 network milestones was that it more than doubled its LTE footprint during the year, expanding its reach to 304 million Americans. T-Mobile also rolled out Extended Range LTE on low-band 700MHz A-Block spectrum, which is now live in over 300 markets covering 185 million Americans, while continuing to deploy Wideband LTE, which is live nationwide.
Yesterday’s results release was a bookkeeping chest-pounding of sorts and not a complete anything. The Bellevue, WA-based operation said it plans to share more details and its full financial results for fourth quarter and full-year 2015 in February. And, gloat doesn’t always make the boat float: TMUS shares on the New York Stock Exchange closed down 17 cents at $40.05 for the day.
Reader Interactions