Together with Sprint, T-Mobile has been in the spotlight over the past few days. The merger agreement that the two companies made has been the biggest news lately and it looks to be that way for the next few weeks. Yesterday, however, T-Mobile made more news with its Q1 2018 earnings report.
Throughout the first three months of the year, T-Mobile added a total of 1.4 million new customers. This marks the 20th straight quarter that the wireless carrier added over a million new subs.
The number is comprised of the following:
- 617,000 postpaid phone adds (down from 798,000 Q1 2017)
- 388,000 postpaid “other” adds (up from 116,000 Q1 2017)
- 199,000 prepaid customers (down from 386,000 Q1 2017)
- 229,000 wholesale customers (up from 158,000 customer loss Q1 2017)
These numbers show that T-Mobile had a 1.07 percent branded postpaid churn for the quarter, a number that went down from 1.10 percent in the previous year. As for the branded prepaid churn, T-Mobile increased in this slightly with 3.91 percent from Q1 2017 to 3.94 percent in the recent earnings report.
As a whole, a total of 74 million customers can be accounted for by T-Mobile.
In terms of its finances, T-Mobile’s service revenues went up to $ 7.8 billion in Q1 2018 compared to $ 7.3 billion in the same quarter last year. The total revenue also grew to $ 10.5 billion. The net income of the wireless network for Q1 2018 was $ 671 million, a number that went down from Q1 2017’s $ 698 million.
By the end of Q1 2018, T-Mobile’s 4G LTE network covers up to 322 million people. They expect this number to grow to 325 million before the year ends.
With these numbers, T-Mo once again expressed its plans to roll out 5G technology in the future. The company is planning to build out 5G with the use of 600MHz and millimeter wave spectrum in 30 cities this year. When this happens, the network will be using 4G and 5G bandwidths together.
But even though this is on the horizon for T-Mo’s plans, you’ll still have to wait for a while before you can use 5G network. One reason for this is because 5G smartphones are not expected to be available until the first half of next year.
Source: Tmo News