T-Mobile in Q1 adds 1.65 million net connections, tops expectations

Special feature

How 5G Will Transform Business

How 5G Will Transform Business

5G will be popularized via telecom carriers and the marketing of wire-cutting services, but the biggest impact and returns will come from connecting the Internet of things, edge computing and analytics infrastructure with minimal latency.

Read More

T-Mobile said it added 1.65 million net connections in the first quarter with 1.02 million branded postpaid additions as its results were better than expected.

The company reported first quarter revenue of $11.1 billion, up 6% from a year ago, with net income of $908 million and earnings per share of $1.06 a share.

Wall Street was expecting T-Mobile to report first quarter non-GAAP earnings of 91 cents a share on revenue of $11 billion.

Simply put, T-Mobile appears to be taking share and keeping its customers with a branded postpaid phone churn of 0.88%.

Verizon and AT&T added fewer phone net adds than T-Mobile, but have been adding extra lines for wearables.

On 5G, T-Mobile said it plans to have its standards based 5G network across the U.S. in 2020. In 2019, T-Mobile said it will launch its 5G network on 600 MHz in the second half of the year.

As for the outlook, T-Mobile said it expects to add 3.1 million to 3.7 million branded postpaid net additions. The company had projected 2.6 million to 3.6 million branded postpaid net adds. Adjusted EBITDA will be between $12.7 billion to $13.2 billion.


Among the key items in the quarter:

T-Mobile said that it is seeing strong demand from new rate plans on the consumer front as well as T-Mobile for Business.

At the end of the quarter, T-Mobile reported 81.3 million total customers.

Service revenue for the first quarter came in at $8.28 billion.

Average revenue per user fell 1.3% in the first quarter to $46.07.

About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Millions in Cryptocurrency Stolen by Scammers in the Last Month According to Tenable Research
November 24, 2021
Behind The Scenes: How this Crypto Community Responded to + $50m Hack
October 18, 2021
Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021

Blockchain/Cryptocurrency Questions and Answers

Crypto casinos
How Does Bitcoin Casino Work + 2021 Beginner’s Guide
November 8, 2021
How to Buy and Sell Cryptocurrency
November 8, 2021
What Are Bitcoin Futures And How Will They Work In 2022?
November 4, 2021
The Unconventional Guide to Ethereum
October 28, 2021
ICo Presale
The Science Behind ICO Presales…
October 14, 2021

CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin51,498 0.70 % 7.45 % 10.98 %
Ethereum4,421.2 0.67 % 10.41 % 0.53 %
Binance Coin590.07 0.81 % 5.62 % 5.41 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Solana203.48 0.52 % 12.93 % 0.43 %
Cardano1.470 0.71 % 13.02 % 8.41 %
USD Coin1.000 0.14 % 0.20 % 0.17 %
XRP0.8391 0.48 % 9.76 % 15.36 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Terra69.27 0.42 % 8.03 % 34.30 %

Bitcoin (BTC) $ 51,257.00
Ethereum (ETH) $ 4,411.26
Binance Coin (BNB) $ 588.45
Tether (USDT) $ 1.00
Solana (SOL) $ 203.09
Cardano (ADA) $ 1.46
USD Coin (USDC) $ 1.00
XRP (XRP) $ 0.836132
Polkadot (DOT) $ 29.00
Terra (LUNA) $ 68.38