T-Mobile Growth Trend Continued in Q1
T-Mobile subscriber rolls continued to expand, with 1.8 million total net adds and 1.1 million branded, postpaid adds in its Q1, it said Tuesday. T-Mobile reported total revenue of $7.8 billion, up 13.1 percent from last year and slightly above…
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consensus estimates. Loss of $63 million was also higher than expected. T-Mobile also said its postpaid churn rate was its lowest ever at 1.3 percent. The carrier’s 700 MHz A-block spectrum has now been deployed in 55 markets, it said. CEO John Legere said on T-Mobile’s financial call Tuesday: “I will carefully say that we are very confident that our postpaid results are the best in the industry by a long shot and that we have captured all of the industry postpaid phone growth in the first quarter.” But Legere also responded to criticism from some on social media that T-Mobile was throttling high-use subscribers. Legere said he's aware of criticism posted on Reddit. “I think what I'm watching happening is we must have some high-volume users who are in congested areas who are looking at their speeds and believing that they are being throttled and putting several items together on threads,” he said. “But I want to reiterate, we do not throttle 4G LTE unlimited customers.” Legere was asked about T-Mobile’s partnership with Google. Google announced last week its new MVNO would ride on T-Mobile’s and Sprint’s networks (see 1504220059). Legere said the company isn't going to unveil the terms of its agreement with Google. “The last thing in my mind right now is how to unhook Google,” he added. “I think this is one of the most exciting things that's going on.” Legere also said he expects the TV incentive auction to take place, as promised by the FCC, in early 2016.