T-Mobile Reports Early 927,000 Postpaid Phone Net Adds in Q4
T-Mobile reported preliminary Q4 results, tabulating postpaid phone net adds of 927,000, it’s best numbers since it completed its buy of Sprint. T-Mobile released the preliminary results Wednesday, as Chief Financial Officer Peter Osvaldik spoke at a Citi financial conference.…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
AT&T and Verizon officials also presented, but the companies didn’t release preliminary numbers. For all of 2022, T-Mobile said it expects to report postpaid net customer adds of 6.4 million, the “best in industry and record high, above high end of guidance” and postpaid phone net customer additions of 3.1 million. T-Mobile also had 524,000 high-speed internet net customer adds, “more than AT&T, Verizon, Comcast and Charter combined,” T-Mobile said. Osvaldik said the carrier predicts capital expenditures of $9 billion-$10 billion this year. “T-Mobile just posted amazing results -- our highest ever postpaid account net adds (the best measure of our industry-leading growth in customer relationships), both postpaid customer net adds and broadband customer growth that are expected to lead the industry, and our lowest-ever churn numbers," said CEO Mike Sievert.