T-Mobile posts strong Q2 revenue, adds 1.5 million new customers
T-Mobile posted its second quarter earnings today, and the main takeaway is that the carrier is continuing momentum as far as customer acquisition is concerned. The Uncarrier managed to add an additional 1.5 million customers in the second quarter, which makes it the fifth consecutive quarter in which the carrier added more than 1 million subscribers. The number sees T-Mobile crossing 50 million total subscribers for the first time.
Of the 1.5 million new additions, 908,000 were postpaid customers. To put that number into context, Sprint announced that it lost 245,000 subscribers this quarter, while AT&T and Verizon added 1 million and 1.4 million customers respectively.
The influx of new customers meant that T-Mobile's revenue rose by 15.4 percent to $7.2 billion, with an operating profit of $391 million. The carrier has mentioned that it has successfully rolled out VoLTE nation-wide within two months of the service's launch in Seattle. The service currently has 2.8 million customers, and T-Mobile is actively looking to add more in the coming months.
T-Mobile is also rolling out Wideband LTE and has mentioned that it is equipping sites with 700 MHz gear as well as testing devices compatible with the spectrum, which the carrier acquired earlier this year.
Overall, it looks like the Uncarrier initiative is working in T-Mobile's favor, as the carrier has just been ranked the highest amongst all four major cellular providers in the US in customer service.