T-Mobile reported a solid second quarter financial results where it recorded $9.2 billion in total revenues, up from $8.2 billion in the same quarter last year. The increase in total revenues and an 12 percent higher service revenue are supported by strong post-paid and pre-paid customer growth.
T-Mobile reported that it added 1.9 million total net customers in the last quarter, bringing its total customer count to more than 67 million - up from 58.9 million customers from second quarter of 2015.
The third largest Operator in the US also saw its branded postpaid net addition increasing by 646,000 during the three-month period from April through June, while its branded prepaid net additions went up by 476,000, up 167% year-over-year driven primarily by MetroPCS.
T-Mobile's extended range LTE, which operates on the company’s low-band 700 MHz A-Block spectrum, currently covers more than 200 million people in 350 market areas. In the first and second quarters of 2016, T-Mobile entered into agreements with multiple parties to acquire additional 700 MHz A-Block spectrum licenses. It also said that VoLTE calls now represent 57 percent of total voice minutes on its network, up 16 percent from the same period a year ago.
What a great Q2 for $TMUS – so proud of this amazing team of people!! The competition can't touch us! #WeWontStop pic.twitter.com/yKHA5DkMLd
— John Legere (@JohnLegere) 27 July 2016
John Legere, President and CEO of T-Mobile
We outperformed the competition again on every key metric, while delivering the best postpaid phone churn numbers in our history!. Quarter after quarter this team continues to deliver results that are the best in the business despite the competition's best efforts to compete.
