Translate

Friday, April 26, 2019

T-Mo added 1.7 million total net additions during the quarter, up 15% from the same period last year


T-Mobile US continues to outstrip the rest of the industry on customer gains while delivering strong financial performance. T-Mo added 1.7 million total net additions during the quarter, up 15% from the same period last year; 1 million of those were branded postpaid net adds, including 656,000 postpaid phone net additions. The company's net income was $908 million for the quarter, up 36% year-over-year.

Company executives said on the quarterly call with investors that they are both confident and enthused about the proposed merger with Sprint and expect it to go through. But the fate of the merger is still in question and as Bloomberg noted, investors continue to be most interested in whether the proposed tie-up will win regulatory approval. The Wall Street Journal reported earlier this month that approval was unlikely as the deal is currently structured; both T-Mobile US CEO John Legere and former Sprint CEO Marcelo Claure, current COO of SoftBank, disputed the story.

Source

No comments:

Post a Comment