T-Mobile US’s 1.1 million-subscriber gain during Q2 “is...
T-Mobile US’s 1.1 million-subscriber gain during Q2 “is not a one-time blip,” said T-Mobile CEO John Legere Thursday during a conference call with investors. The carrier lost a net 205,000 subscribers during the same period last year. About 688,000 of…
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T-Mobile’s subscriber adds were on postpaid contract subscriptions. T-Mobile added the iPhone line to its smartphone offerings in early April and has attempted to distinguish itself as the “Un-carrier” by dispensing with contract plans in favor of services like the no-contract “Simple Choice Plan” (CD March 27 p2) . The No. 4 U.S. wireless carrier has set its sights on taking customers from No. 2 carrier AT&T, but has no interest in counterbidding against AT&T for Leap, Legere said. Although T-Mobile saw its Q2 revenue rise to $6.2 billion -- up from $4.89 billion a year ago -- the carrier had a net loss of $16 million. T-Mobile attributed the net loss to costs related to its merger with MetroPCS and marketing for the iPhone. The carrier sold 4.3 million total mobile devices during Q2; 86 percent of those devices were smartphones, T-Mobile said (http://t-mo.co/15QxSV8).