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T-Mobile added 1.8 million new customers to its network in Q1 2015
T-Mobile released its 1st quarter 2015 results earlier today, showing a ton of growth in the number of postpaid customers and record low postpaid phone churn. Just in the first three months of the year alone, the carrier gained 1.8 million subscribers, marking this the 8th consecutive quarter the company gained over 1 million customers. The company has also added 1.1 million branded postpaid net adds, making this the 3rd consecutive quarter adding over 1 million. Roughly 1 million of those customers were phone customers.
T-Mobile has also vastly improved its postpaid phone churn, achieving an all-time record low of 1.3%. This means that over the past year, less and less customers have jumped ship to go to another carrier. CEO John Legere explains:
We’ve had eight consecutive quarters with more than one million total net customer additions proving that customers want value. We expect to once again capture all of the industry’s postpaid phone growth in Q1 and we’ve done it while delivering an all-time record low 1.3% churn.
Assuming the number of Sprint subscribers doesn't surpass .8 million for Q1, T-Mobile will finally take the crown as the third largest mobile carrier in the U.S.
T-Mobile now has a total of 56.8 million customers. It sold a total of 8.8 million products this quarter, 8 million of which were phones.
Quarter over quarter revenue is down .9%, mainly due to the impact of the Un-carrier’s Data Stash program. However, if we were to take out the impact of Data Stash, service revenues in the first quarter rose .9%, and 11% year over year.
While T-Mobile added more than 1 million postpaid subscribers this quarter, Verizon posted a loss of 138,000 subscribers and AT&T posted a loss of 300,000. Sprint started the quarter with just under 56 million overall subscribers, so assuming that it stays under that amount, T-Mobile will finally get to take the crown as the third largest mobile carrier in the United States.
We’ll be sure to let you know as soon as we hear anything from Sprint. And be sure to check out the source link below for more information on how T-Mobile did this quarter.