T-Mobile Records 2.3 million Net Customer Adds in Q3, Spends $1.1B Capex

T-Mobile US in the third quarter 2014 recorded a 2.3 million total net customer addition with 1.4 million branded postpaid additions, bringing its total customer base to 52.9 million. The company witnessed "best growth quarter in company history" with increased ARPU, improved service revenues and continued customer momentum and strong financial results for the quarter. 

T-Mobile ended the 3rd quarter with its service revenues growing by 10.6% compared to the same quarter a year ago and  $1.346 billion adjusted EBITDA, flat year-over-year but down 7.2% sequentially.

Total smartphone sales, including sales to branded postpaid and prepaid customers were 6.9 million units in the third quarter of 2014, or 93% of all phone units sold.

In the third quarter of 2014, cash capital expenditures were $1.1 billion, up from $0.9 billion in the second quarter of 2014 and up from $1.0 billion in the third quarter of 2013. Cash capital expenditures are expected to be in the range of $4.3 to $4.6 billion for the year. According to T-mobile, cash capital expenditures reflect the company's continued investment in network modernization, 4G LTE deployment, and commencment of the rollout of 4G LTE on its 700 MHz A-Block and 1900 MHz PCS spectrum.

Steve Pataky, vice president of worldwide channels and alliances at FireEye
Despite our competitors’ best efforts, the Un-carrier revolution made huge advances in the third quarter with record net new customers,” said John Legere, President and CEO of T-Mobile. “More proof of the resurgent strength of our brand and the massive momentum behind the Un-carrier consumer movement