T-Mobile Again Leads Industry on Postpaid Phone Adds
T-Mobile added 538,000 postpaid phone customers in Q1, with 523,000 added to its home internet service. Home internet now has 3.2 million subscribers, the carrier said. T-Mobile reported after the close of the markets Thursday. Postpaid phone churn was 0.89%.…
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Net income was $1.9 billion, up 172% year over year, while service revenue of $15.5 billion grew 3% over last year. CEO Mike Sievert said on a call with analysts T-Mobile’s buy of Sprint three years ago is now being seen as “the most successful merger in telecom history.” T-Mobile raised its annual guidance to net customers adds for the year to 5.3 million-5.7 million, up from 5-5.5 million. The carrier also increased its guidance on most financial metrics.