T-Mobile Leads Industry on Postpaid Phone Adds
T-Mobile once again led the U.S. wireless industry in subscriber growth in Q2, with 830,000 postpaid phone net customer adds, for its “best-ever Q2,” T-Mobile said after the close of financial markets Wednesday. T-Mobile also added 454,000 5G broadband net customers, up 12% year-over-year, for a total of 7.3 million. Postpaid phone churn was .90%, compared with .80% last year. T-Mobile also reported service revenue of $17.4 billion, up 6% year-over-year, and postpaid service revenue of $14.1 billion, up 9%. Net income was $3.2 billion.
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CEO Mike Sievert said on a call with analysts that with all regulatory approvals complete, T-Mobile expects to close its buy of spectrum and other wireless assets from UScellular Aug. 1 (see 2507110045). That will give T-Mobile another 3,000 cellsites to 12,000, he said. “The network experience in smaller markets and rural areas is being fundamentally transformed,” he said.
Others acknowledge that the wireless sector is highly competitive, “but we love it that way,” Sievert said. T-Mobile has “America’s best network,” but only about 20% of switchers acknowledge that, he said. “This represents an enormous runway for us -- network perception has now become a major focus for us,” he said.