T-Mobile Announces Impressive Quarter, Adds 685,000+ Contract Customers

From DailyTech: In Q1 2013, following its merger with MetroPCS, America's fourth place carrier T-Mobile USA tacked on 3,000 postpaid customers, its first growth since 2010. The carrier -- majority owned by Deutsche Telekom AG (ETR:DTE) -- announced its Q2 results this week and they're quite impressive.

Leading the way is a net addition of 688,000 branded postpaid customers (the results include MetroPCS results for May and June). Of those additions 685,000 came from the core T-Mobile brand.

The net postpaid add count was just narrowly behind that of America's top wireless carrier, Verizon Wireless (a joint venture between Vodafone Group Plc (LON:VOD), Verizon Communications Inc. (VZ)), who added 941,000 net postpaid subscribers in Q2. Sprint Nextel Corp. (S), by contrast, lost 1.05m subscribers -- which analysts said mostly fled to T-Mobile.

T-Mobile and MetroPCS also added 412,000 prepaid customers, bringing its total net customer additions to 1.1 million. The carrier's postpaid subscriber churn, a measure of the number of customers leaving, was relatively low at (versus 2.63 percent for Sprint and 0.93 percent for Verizon Wireless). T-Mobile now has 44 million customers, just behind Sprint's 55 million.

View: Article @ Source Site