T-Mobile shares full Q4 2018 results, including update on 4G LTE network

tmobile_times_square_large

After giving us a tease of its Q4 2018 results last month, T-Mobile today spilled all of the details of its final quarter of 2018.

T-Mobile today reaffirmed that it added a record 2.4 million customers in Q4 2018, with a total of 7.0 million customers added in all of 2018. Also of note is that Q4 2018 was the 23rd straight quarter that T-Mo has added more than 1 million customers. T-Mobile ended the year with 79.7 million customers in all.

Other notable customer details from Q4 2018 include 1.4 million postpaid customer additions and 1.0 million postpaid phone additions, both of which are up year-over-year. Prepaid customer additions fell slightly YoY, finishing at 135,000 in Q4 2018, while postpaid phone churn and prepaid churn both dropped from the year-ago quarter to finish at 0.99 percent and 3.99 percent, respectively.

T-Mobile’s total service revenues for Q4 2018 finished at $8.2 billion, a record-high, while total revenues finished at a record-high $11.4 billion. Net income fell 79 percent to finish at $640 million, a drop which T-Mo says is due to the TCJA which resulted in an income tax benefit of $2.2 billion in Q4 2017. Excluding that, net income would have increased by 21 percent in Q4 2018.

When it comes to the network, T-Mobile says 600MHz LTE is available in more than 2,700 cities and towns in 43 states and Puerto Rico. T-Mo’s 4G LTE network covers more than 325 million people, up from 322 million at the end of Q4 2017. T-Mobile also says that it owned a nationwide average of 31MHz of 600MHz spectrum at the end of 2018 and that it had cleared 135 million POPs, with that number expected to grow to 272 million POPs by year-end 2019.

Other network details include the news that 87 percent of total voice calls made in Q4 2018 used VoLTE, up from 85 percent in Q3 2018. Carrier aggregation is live in 923 markets, 4×4 MIMO is available in 564 markets, and 256 QAM is live in 988 markets. T-Mobile also says that it’s rolled out License Assisted Access (LAA) to nearly 1,700 cell sites to augment available bandwidth with unused 5GHz spectrum. LAA deployments have commenced in 28 cities, including Los Angeles, Philadelphia, Atlanta, Houston, Las Vegas, San Diego, and New Orleans.

T-Mobile continues to build out its 5G network, including in six of the top 10 markets in the U.S. The network will be ready for the first standards-based 5G smartphones in 2019. T-Mo expects to offer nationwide 5G coverage in 2020.

“This never gets old! T-Mobile finished another year with record breaking financials and our best-ever customer growth! Record revenues, strong net income, record Adjusted EBITDA, our lowest-ever Q4 postpaid phone churn that was better than AT&T for the very first time!” said T-Mobile CEO John Legere. “T-Mobile is competing hard and winning customers – and we continue to deliver results beyond expectations. Our 2019 guidance shows that we expect our incredible standalone momentum to continue!”

Source: T-Mobile

Tags: , , , , , , ,

  • Hurlamania

    are they having a webcast today?

  • Jay Holm

    How do you take advantage of LAA? I have a G7, live in Baytown, east of Houston. Also, is Baytown (77520) included in any 4×4 MIMO markets?

    • JimmyJ337

      nothing the end user can be done to take advantage of LAA other then having a phone that’s capable of using the LAA band.

      • Sharti24

        What phones are capable of connecting to LAA?

        • slybacon

          I know the iPhone XS and XS MAX have LAA. The iPhone XR and older do not.

  • Jason Caprio

    Well, in T-Mobile’s defense, if I find myself deep underground, Verizon drops to 1X CDMA aka 2G. I can only count on one hand how many times this has happened though lol. By the end of this year, all of Verizon’s 2G and 3G will be 100% refarmed to LTE. Thus is why I’m seeing a lot of Band 5 mainly in rural areas to boost bandwidth. They are probably doing cities last because of a higher amount of people on older phones.

    T-Mobile should do the same. There is absolutely no reason to be running 2G/EDGE or even 3G anywhere by 2020. EDGE is a technology which was introduced in 2003, 16 years ago!!! HSPA+ started in 2008 which was 11 years ago. It’s time to MOVE ON LOL!!!

    • Sharti24

      I agree with your last statement and im sure that plays a factor into why tmobile is in second to last place in the cell phone market

      • Dummy Up Meathead

        Huh?

      • slybacon

        Huh? What is the “cell phone market?”

    • JimmyJ337

      2G/3G is still around primarily for 911 calls if VoLTE fails or non VoLTE phones and also its still being used for legacy machine to machine devices for places like car dealerships that still use those devices. 2G/3G cost very little resources to operate on a tower that already has LTE. If tower has 2G/3G only its because the spectrum its not available for LTE in that area.

      • Jason Caprio

        I hear ya, but LTE has been out for nearly 10 years already. It’s time to retire these old, obsolete technologies. 600MHz and 700MHz LTE done right, can penetrate just as well, if not better than 850MHz and 1900MHz CDMA or EDGE.

        • JimmyJ337

          T-Mobile know this, John has said this himself. It’s no secret that low band travels farther and can penetrate buildings better, that’s why the 600MHz auction was huge. With that said, clearing spectrum is a process, some area are easier to clear than others. Things are a lot more complicated then it seems, for example some areas are still waiting for military bases to clear spectrum that T-Mobile bought years ago. Rest assure that a lot of people are working extremely hard with evaluating coverage and implementing upgrades on towers as soon as possible.

    • slybacon

      I haven’t seen anything below 4G in Utah for a long time.

      • Sharti24

        Parts of Iowa have 2G only towers

        • slybacon

          Dang. That sucks. Similar population to Utah.

  • mikeZo6

    Tmo only has that many post adds Q after Q is because all FREE LINES offered existing customers and New ??
    TRUE or FALSE ???

    • slybacon

      My neighbors switched 4 lines and 2 wearables from AT&T and my sister’s family switched 4 lines from Verizon in Q4. But some come from FREE LINES. Those free lines are only free for so long, right?

    • JG

      Sorry, but you’ll have to add a line of service to be eligible for that answer….

      • mikeZo6

        Thats Funny lol

  • Sharti24

    Yeah, $380 with monthly phone payments

    • Andrew Singleton

      5 x Xr adds $125 to the bill, so still saving $95/m.

      • mikeZo6

        that’s a promotions

        • Andrew Singleton

          No, it’s not.

  • mikeZo6

    FALSE Tmo only says good stuff at store to hook u LMAF $160 ONLY
    THEN rep says trade ur old phones in GET NEW ONES but they NEVER TELL AT STORE that bill is $380 or more O ya screen protectors and case rep says we will put on bill BUYER BEWARE

    • Dummy Up Meathead

      Never experienced any such issues.

    • marque2

  • SteveD

    T-Mobile will continue to use GSM/EDGE. Not everything out there is a Smart phone. PoS devices, parking meters, ankle monitors, etc.. A great many of those are 2g/GSM devices and because of that T-Mobile will continue to keep those freq’s on air to service those customers.

    • Sharti24

      How’s Att doing it then? Last time i checked they killed 2G two years ago and they’re doing great. Just bs excuses to keep an out dated technology active

      • JimmyJ337

        Those subscribers was an acceptable loss for AT&T and those subscribers switched over to T-Mobile, It was an easy sell.

      • marque2

        At&t stopped all 2g. Tmobile opted to continue to get the business services business that AT&T left behind. I think 2020 is when T-Mobile plans to drop it. The also plan to drop vanilla 3g the same year.

  • marque2

    Anyone know why AT&T is growing so fast? Both AT&T and T.oT.obT.oT.obile are growing but AT&T seems to be capturing new market ahare at twice ths rate. Not sure why this would be. I dont see anything compelling coming from AT&T. Are they doing some kind of bundling or free line thing?