T-Mobile USA released its third quarter 2013 earnings. The operators new “Un-Carrier” approach appears to be working: T-Mobile added more than 1 million net customers during the quarter, including 648,000 postpaid net additions and 24,000 prepaid net customer additions, part of which was driven by its acquisition of MetroPCS customers. The company’s 4G LTE network now covers a total of 203 million people across 254 markets and it now serves 45 million customers in total.
T-Mobile said it sold a record 5.6 million smartphones during the quarter, which represented 88 percent of all devices sold. T-Mobile’s average revenue per user (ARPU) fell $0.26 quarter-over-quarter however, to $35.71, which means it’s not making as much from each customer, though service revenues increased eight percent quarter-on-quarter.
Revenue came in at $6.688 billion for the quarter, though T-Mobile posted a net loss of $36 million likely as it continues to spend improving its 4G LTE network. T-Mobile USA is projecting for continued growth in the fourth quarter and expects total branded postpaid net additions for 2013 to fall between 1.6 million and 1.8 million new customers.