T-Mobile's Growth Returns; Adds 1.1 Million Net New Customers

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Thread: T-Mobile's Growth Returns; Adds 1.1 Million Net New Customers

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    Editor in Chief dgstorm's Avatar
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    T-Mobile's Growth Returns; Adds 1.1 Million Net New Customers


    Sometimes it's just great to see the underdog come back from behind. That's what might be happening right now with T-Mobile. They are finally seeing a great deal of growth. Despite actually posting a small loss, they still managed to grab hold of 1.1 Million new (net) subscribers. In the company's first results as a publicly traded company, T-Mobile is doing remarkably well. It appears their new Uncarrier initiative is going according to plan. Here's a quick quote with more of the details,

    The company revealed Wednesday that it added a net 1.1 million customers in the second quarter, with 688,000 (685,000 coming from phone customers) coming from its post-paid, or customers with a higher credit rating score that pay at the end of each month. That's the highest rate of growth among all of the national carriers this period. It added another 8.9 million customers from its acquisition of MetroPCS.

    In total, the company ended the second quarter with 44 million customers. In the year-ago period, it lost a net 557,000 post-paid customers. For the full year, T-Mobile expects to add a net 1 million to 1.2 million post-paid customers, suggesting continued growth -- albeit at a slower pace -- for the rest of 2013.

    That growth is coming at a cost. Even as revenue rose 27.5 percent to $6.23 billion -- above Wall Street expectations -- it swung to a loss of $16 million, compared with a year-earlier profit of $207 million.

    T-Mobile's adjusted earnings before interest, taxes, depreciation, and amortization fell by 16 percent to $1.1 billion from a year ago. Excluding one-time items, adjusted earnings actually fell by 30 percent to $1.3 billion, largely because of the promotional expenses, higher customer growth and handset sales, and higher upgrade volumes.
    T-Mobile expects full-year adjusted earnings, including the MetroPCS assets, to be between $5.2 billion and $5.4 billion.
    Sound off if you are one of those folks who added to T-Mobile's bottom line.

    Source: CNET

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    Super Moderator UltraDroid's Avatar
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    What I want to know is where they're hiding the lady who rode the motorcycle in those commercials earlier in the year.
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    Super Moderator CR6's Avatar
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    Read an article on Cnet (i think....it coulda been Android Police, Forbes, architectural digest, popular mechanics, IKEA catalog...one of those) few weeks ago....she'll be back. :D

    tap'n

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    She's going to be returning soon.
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