T-Mobile Releases Q3 Results, Avoids Call With Analysts
T-Mobile continues to grow and is strengthening its financials in general, the company said Monday as it released Q3 results. But with a merger announcement with Sprint possibly imminent, T-Mobile’s normally talkative CEO John Legere didn’t hold an analyst call,…
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announcing the results in a news release and posting a video blog. T-Mobile said it added 595,000 postpaid phone subscribers in the quarter, 817,000 postpaid customers overall including connected devices like tablets and wearables. Revenue was $10 billion for the quarter, up 8 percent over the same quarter last year, with net income of $550 million, a 50 percent increase. T-Mobile “had no comment on the strategic M&A speculation around Sprint … although the fact it chose not to have a call may speak loudly to what is happening on that front,” Wells Fargo’s Jennifer Fritzsche said in a note to investors. Sprint plans to release results Wednesday, but also without an investor call. “We wanted to make sure you all saw and focused on our Q3 results and not just the rumors and speculation that seem to fill the news every day,” Legere said on the video blog.