T-Mobile reported adding a net 1.1 million branded postpaid customers in its latest fiscal quarter along with postpaid phone churn of almost 1.2 percent. Record financial results across the board and over 5 million customers added for the fourth year in a row.
Adjusted EBITDA for the year is expected to be between $11.3 billion and $11.7 billion.
This number might sound familiar, but that is because T-Mobile US made a decision to purposely leak the gains a couple of weeks ago, but now it is official as the company reports its quarterly earnings.
-T-Mobile US initiatede a share buyback late a year ago and as of February 5th, had bought back 12.3 million shares for $783 million. The net cash from operating activities lifted nearly 30 percent to United States dollars 8.0 billion and the free cash flow by over 90 percent to USD 2.7 billion.
T-Mobile touted its Un-carrier approach and its impact on the industry over the last five years.
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On the subscriber front, T-Mobile added 1.9 million net customer additions in the fourth quarter and 5.7 million for the year. The T-Mobile 4G network does not cover every single customer as it stands, but the ones it does serve it serves well. Branded postpaid net additions reached 1.072 million in the quarter.
Branded postpaid ARPU came to $46.38, down 4.1% Y/Y; branded prepaid ARPU was $38.63 (up 1.1%).
T-Mobile US said it expanded its LTE coverage to 322 million people by the end of 2017. Regarding 600 MHz, the company lit up the spectrum in 586 cities and towns in 28 states across the country, covering 300,000 square miles by the end of past year. Forecasts put the number of net additions at 2-3 million over 2018, though it is also worth noting that T-Mobile estimates are usually conservative. T-Mobile US has been preaching constantly about its 600 MHz spectrum holdings and its ambitions to be the first nationwide 5G network.
AT&T and Verizon have already announced their 5G network plans for the current year by focusing on fixed wireless networks and mobile Internet. The company is guiding for adjusted EBITDA at Dollars 11.3-11.7 billion. Total revenues at $10.8 billion in the quarter, an increase of 5.1%.