T-Mobile (NASDAQ: TMUS) posted solid metrics in the first quarter. The company had 1.3 million postpaid net customer additions, and 495,000 postpaid phone net additions. T-Mobile’s base of retail postpaid and prepaid subscribers grew by eight percent year-over-year to 130.9 million, second only to Verizon (NYSE: VZ), according to Inside Towers Intelligence, High-speed internet net customers grew by 424,000, reaching nearly 6.9 million fixed wireless access customers at the end of the quarter.
Highlights included:
- Wireless service revenues of $16.9 billion grew five percent year-over-year.
- Core Adjusted EBITDA of $8.3 billion grew eight percent year-over-year.
- Net cash provided by operating activities of $6.8 billion grew 35 percent year-over-year.
- Adjusted Free Cash Flow of $4.4 billion grew 31 percent year-over-year.
The company invested nearly $2.5 billion in its network, down almost seven percent YoY although T-Mobile reiterated its previously announced capex guidance of approximately $9.5 billion for 2025.
T-Mobile highlighted its latest network technology advances claiming it is the only carrier in the U.S. to roll out a nationwide 5G Advanced network leveraging the nation’s only standalone 5G core. The company was able to achieve to advanced carrier aggregation of 6.3 Gbps downlink speeds in a recent field test, along with dynamic slicing, lower latency, and more efficient IoT throughput.
In addition, with the beta launch of T-Satellite, T-Mobile says it now operates the only satellite network in the U.S. that works on most modern smartphones, and seamlessly connects from terrestrial to satellite networks.
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