T-Mobile Reports Over 1 Million New Customers in The Last Quarter
T-Mobile continues to be a growing force to reckon with here in the United States. The carrier reported their last quarter financials yesterday and in it, pointed to so heady numbers both financially and with their customer base. In the last quarter, the “uncarrier” added 1.1 million total new customers, 914,000 of which were postpay while an additional 386,000 were pre-pay thanks to the MetroPCS division. That marks four years straight in which the carrier has added over 1 million new customers per quarter. Perhaps even more impressive, the company only had a 1.18% churn rate (the rate of customers leaving) which is shockingly good for any service provider, let alone a mobile carrier.
Financially, the carrier is on solid footing. T-Mobile reported $9.6 billion in total revenue with $698 million in net income. That revenue number is an increase of 11% while the income was up 46%. The company also has $1.7 billion in net cash available with $185 million in free cash flow.