T-Mobile leapfrogs AT&T, saying it's 2nd largest US carrier after Sprint merger

From CNET: Its been a busy year for T-Mobile, but the carrier continues to see subscriber growth and says it has now moved past AT&T to become the nation's second-largest wireless carrier despite the coronavirus pandemic.

For its second quarter, which ended June 30, T-Mobile on Thursday said that it added 1.25 million subscribers, 1.11 million of which were postpaid additions. Of that 1.11 million, 253,000 were postpaid phone adds. Postpaid subscribers, who pay at the end of the month, are valued more highly by the investment community as a key metric for success.

Combining the additional postpaid subscribers with the addition of Sprint's customer base gives T-Mobile a total of 98.3 million subscribers, which it says pushes it past AT&T when it comes to total postpaid and prepaid users, though the company is still behind Verizon.

Revenue for the quarter was $17.7 billion, beating analyst estimates of $17.61 billion, according to Yahoo Finance. Earnings per share came in at 9 cents, ahead of analyst expectations of 7 cents per share.

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