T-Mobile Continues Rapid Growth
T-Mobile continues its rapid growth, adding 2.1 million net customers in Q2, the carrier said Thursday. That's the ninth quarter in a row T-Mobile has had net adds of at least 1 million and is a 41 percent year-over-year increase,…
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said a news release. Churn was 1.3 percent for branded customers with monthly plans, T-Mobile said. The adds bring T-Mobile’s total customer base to 58.9 million across postpaid, prepaid and wholesale customers. "T-Mobile’s momentum continued in full force for the second quarter, with 2.1 million customers voting in favor of the Un-carrier," said John Legere, T-Mobile CEO. He said on Peroscope T-Mobile’s market cap is now twice that of Sprint: “They have big problems; they have a lot of problems.” A Sprint spokesman declined to comment on Legere’s statement or on whether T-Mobile might pass Sprint this quarter to become the nation's third-largest wireless carrier. “We can’t comment on numbers until our quarterly earnings report in a few weeks,” the spokesman said. “While the media is going to focus on who is three or four, customers don’t care. Sprint is focused on long-term growth by offering customers value, providing a great experience and having a reliable and consistent network.” T-Mobile also unveiled a new initiative Thursday, “Mobile without Borders,” allowing customers to call between the U.S., Canada and Mexico without extra charges. Some 35 percent of all international calls and 55 percent of all international travel from the U.S. last year was to Mexico and Canada, T-Mobile said.