All eyes are on T-Mobile and Sprint as the two are planning a merger, but you won’t hear either company talk about it due to terms of the deal still being finalized and the government waiting to investigate. That’s why T-Mobile shared its financial results for the third quarter of 2017 through a pre-recorded video. John Legere opened by saying there’s too much speculation going on that would take away from a strong quarter.
Growth in revenue and subscribers isn’t slowing down, and the magenta-colored network also continues growing.
More than 1.3 million total net additions were made in the third quarter, which means the carrier has added more than 1 million in every quarter for the last 4.5 years. Around 17 percent of them were prepaid customers, and there are now 70.7 million total customers with T-Mobile. They helped T-Mobile generate $550 million in net income from $10 billion in total revenue. Compared to the same quarter in 2016, net income rose by 50%.
Although most people shop online these days, T-Mobile remains committed to in-person experiences. It’d like to have 3,000 new retail stores built by the end of 2017. So far 2,500 locations belonging to T-Mobile and MetroPCS have been opened year-to-date. As the holidays come around, T-Mobile aims to have plenty retail stores ready to sell service and hardware.
T-Mobile credits the continued success to its ability to create more value for customers, such as including Netflix with its family plan, and the expansion of its already-strong network. Multiple studies have found T-Mobile’s network bests or at least matches Verizon’s in different areas. With that being part of T-Mobile’s advertisements, customers from other carriers are flocking to T-Mobile.
The network built by T-Mobile covers 316 million people in the United States today, and 321 million should be covered by the end of the year. Meanwhile, the 600MHz network that cost the carrier $8 billion should have 1.2 million square miles cleared in 2017.
Looking ahead, the Un-carrier movement will remain intact. T-Mobile’s head honcho finished the earnings report by thanking employees and customers for forcing “dramatic change” in the wireless industry. His last words, aimed at customers and competitors, were simple: “We won’t stop.”
The Galaxy S20 Ultra's Space Zoom camera is amazing and a bit creepy
The Galaxy S20 Ultra supports up to 100X zoom, which Samsung calls Space Zoom, but is it any good? Can a phone really product usable photos at 100x zoom? We've got our Galaxy S20 Ultra already so join us to find out!
Win an iPhone, iPad and Apple Watch with the Reader's Choice giveaway!
What's the best phone of 2019? Is it the iPhone 11 Pro, Pixel 4 or OnePlus 7T? What about the best laptop, games console, tablet and more? Vote NOW in the Reader's Choice awards and win BIG in time for the holidays!
Here are the best products from IFA 2019!
Here are the products announced at IFA 2019 that were worthy of our Best of IFA 2019 awards. Also featuring MrMobile's single best product at the show!
Solve all of your problems, add the perfect calculator to your life
With the right calculator, everything adds up! Whether you need a basic model or one with more advanced functions, there is a calculator that will meet your functional requirements.