T-Mobile USA is reporting one of its best quarters in recent memory.
In its newly released earnings report, America’s fourth-largest mobile operator reported a jump of 648,000 customers a higher net increase than larger rival AT&T, which added only 363,000 subscribers last quarter. Market leader Verizon Wireless added 927,000, and No. 3 carrier Sprint lost 360,000.
The good news beat analysts’ estimates and gave credence to the Bellevue, Wash.-based operator’s new “uncarrier” strategy. Unveiled earlier this year, the carrier got rid of contracts for new subscribers, but also eliminated subsidies that make smartphones less expensive. T-Mo lost nearly a half-million subscribers in the same quarter a year ago.
“Momentum continues, and we’re working diligently to ensure it doesn’t stop,” T-Mobile CEO John Legere said on a conference call with investors, Reuters noted.
The company said about 15 percent of its smartphone sales, or roughly 540,000, were Apple iPhones.
Not all was rosy, however; T-Mobile still lost $36 million in the quarter. Its average revenue per user (ARPU) also fell from $56.69 a year ago to $52.20 not a huge surprise since postpaid contracts tend to drive this number up. But the company is clearly trending in the right direction.
Follow senior online managing editor @Craig_Galbraith on Twitter.
Did you know that Channel Partners has its very own #podcast? Listen now: https://t.co/mDYGPMg92f hhttps://t.co/cQqtB0pXpK
April 26 2018 @ 17:30:29 UTC
Another study argues that #security is the biggest driver for #SDWAN adoption. @Markit https://t.co/uyF1F7jGnT
April 25 2018 @ 23:41:40 UTC
.@flexential talks growth, partner opportunities in cloud #datacenter at #CPExpo interview. https://t.co/worgqtqijM
April 25 2018 @ 22:31:28 UTC
.@officedepot @RingCentral @vMOXmobile among new providers in @microcorp portfolio. #SDWAN #IoT https://t.co/ZkBnzRkHTw
April 25 2018 @ 20:54:06 UTC
Sign Up to Get the News You NEED. Join the Channel Partners newsletter list >> https://t.co/4kuz01SrLw https://t.co/LiIcgL66z2
April 25 2018 @ 18:25:06 UTC