T-Mobile adds 1.4 million customers in Q1 2018, marking 20th straight quarter of 1 million+ adds

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Days after announcing a merger with Sprint, T-Mobile is making more news by revealing its Q1 2018 earnings.

During the first three months of 2018, T-Mobile added 1.4 million new customers, marking the 20th straight quarter that it’s added more than 1 million new subscribers. This includes 617,000 postpaid phone adds (down from 798,000 in Q1 2017); 388,000 postpaid “other” adds (up from 116,000 in Q1 2017); 199,000 prepaid customers (down from 386,000 in Q1 2017); and 229,000 wholesale customers (up from a 158,000 customer loss in Q1 2017).

Branded postpaid churn for the quarter finished at 1.07 percent, down from 1.10 percent year-over-year. Branded prepaid churn increased slightly, going from 3.91 percent in Q1 2017 to 3.94 percent in Q1 2018.

T-Mobile ended Q1 2018 with 74 million customers in total.

Switching over to financials, service revenues finished at $7.8 billion for the quarter, up from $7.3 billion YoY. Total revenues also grew, finishing at $10.5 billion. T-Mobile’s net income for Q1 2018 was $671 million, which is down from $698 million in Q1 2017.

T-Mobile also gave us an update on its network. T-Mo’s 4G LTE network covers 322 million people, and that number is expected to grow to 325 million by the end of 2018.

T-Mobile adds that at the end of Q1 2018, it owned a nationwide average of 31MHz of 600MHz spectrum covering 328 million people. It expects to clear spectrum covering 120 million people by the end of 2018 and is aiming to clear spectrum covering 250 million people by the end of 2019. 600MHz coverage now includes 823 cities in 31 states, and there are nearly 285 million people with either 600MHz or 700MHz coverage.

T-Mo also reiterated its 5G plans today, saying that it’s planning to build out 5G using 600MHz and millimeter wave (mmWave) spectrum in 30 cities in 2018, including Los Angeles, Dallas, Las Vegas, and New York City. This network will utilize 4G and 5G bandwidths simultaneously. You’ll have to wait until next year to use the 5G network, though, as the first 5G smartphones are expected in the first half of 2019. According to the cell phone plan comparison site, Wirefly, T-Mobile also beat out AT&T and Sprint in last quarter’s speed test results.

During its Q1 2018 earnings call, T-Mobile reiterated that it’s got more than a dozen 600MHz-capable smartphones coming in 2018 and that it’s also got some more Un-carrier moves planned.

Source: T-Mobile

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  • g2a5b0e

    This is unprecedented growth. I have been with T-Mobile for almost 15 years now, but I never would have predicted this after the failed AT&T merger & uncarrier initiatives. I’ve never had a reason to leave T-Mobile, but they keep giving me more reasons to stay. I just hope that if the FCC approves the merger with Sprint that they keep up the great work.

    Long live Legere.

    • Sayahh

      Are free lines counted?

      • slybacon

        Free lines where? Nothing is ever free. So, yes, counted.

        • marque2

          Tmo had promos where they gave away free lines if you bought a phone from them. I think some people have up to two free lines. One of my 5 lines ii free.

        • slybacon

          It’s a postpaid phone line.

        • marque2

          Ok – still free though. For 3 or so years Tmo also offered 200 Meg’s of data for free on all tablets for the price of a Sim chip. Back then that was a nice lump of data for free.

    • John

      I just hope that if the FCC approves the merger with Sprint that they keep up the great work.

      You think T-Mobile will stay the same after increasing their capacity/company to this size (much like Verizon/AT&T)?

    • dtam

      my feeling is better to not merge with sprint so that tmo can continue being themselves and not be bogged down by softbanks influence that basically was drowning sprint

      • Timothy Ledermann

        Tmo wants Sprint large 2.5 MHz holdings and their tens of millions of customers. Please give evidence that SoftBank was the problem at Sprint.

        • marque2

          They also agreeed Tmo would be in charge with the parent company maintaining 69% of the vote.

        • dtam

          it’s a lot of debt to take on for those customers.

          are you serious about the evidence about softbank? how about before they bought it, they were the #3 carrier and now they’re #4. this is at least the 3rd time they tried to merge…it went from sprint trying to buy tmo, to them being 50/50, to tmo having 69% of the vote

        • Timothy Ledermann

          That is clear evidence. And Sprint is loaded with debt. I still think TMobile is asking a good move.

        • dtam

          time will tell if it gets approved. i just feel like tmo is in a good place to go solo as well so I fear change

        • marque2

          Sprint has been in trouble for years. SoftBank didn’t cause it – but they thought they could turn Sprint around. They couldn’t.

  • Kyrylo Gaychenko

    So no 5G for Samsung Galaxy S9 owners at all?!

    • DannyMac

      No. That’s something you cannot enable with a software update. 5G requires 5G capable hardware.

    • Trevnerdio

      What makes you think 5G will be based on LTE at all? Even though it does mean Long-term evolution, so that’s kinda misleading lol

  • DannyMac

    Wow, it’s almost like they don’t need to merge at all! Isn’t that something?

    • marque2

      Tmo has cash but not enough bandwidth to truly roll out 5g. Sprint has the spectrum but not enough money to develop it. I think it is a good deal. We will have three competitive 5g networks instead of just two.

  • Bklynman

    In other words buying $1000 plus cell phone this year would make no sense since in 2019 in less than a year they will be useless when 5g comes out.

    • marque2

      They won’t be useless but they won’t have 5g and maybe not 600Mhz. I will probably wait until the end of 2019 before upgrading – like you.

      • Bklynman

        I think I am going buy Note8 off of swppa,I notice they have better deals than Ebay. So when Note 9 comes out will trade it in,get half price off of it,and all the free goodies that come with it,360 camera,big sd,card etc.

    • Romdude

      Having the original jump, I can upgrade every six months. I’ll stick to my s9+ for now.

      • Bklynman

        Cool,I had it too,but I knew I wasn’t going to use it so I gave it up. No bigger for me.

  • Philip

    Watch for prices going up.

  • Tony Chen

    who needs sprint when t mobile is adding millions customers each quarter. sprint hasnt gotten any customers at all they are still 50 million customers.

    • Timothy Ledermann

      Sprint has been adding customers for a few years now albeit at a slower rate. The total number court us misleading due to the fact mist carriers stopped counting Lifeline customers in 2017.

  • Tony Chen

    sprint has a debt of 37 billion t mobile is buying them for 26 billion? lol