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T-Mo touts 1.9 million net adds in Q4

T-Mobile US released preliminary customer results for the fourth quarter this morning, reflecting continued strong growth including 1.9 million net customer additions, of which 1 million were postpaid phone customer net additions.

The overall number was primarily made up of postpaid net additions, according to the carrier: 1.3 million branded postpaid net additions. Branded postpaid phone churn was at 1.01%, the company reported.

T-Mo also reported 77,000 branded prepaid net additions in the fourth quarter, and wholesale net customer additions of 472,000.

The carrier said it has now racked up 27 quarters in a row with more than 1 million total net adds. It ended 2019 with a customer base of 86 million.

For the full year of 2019, T-Mobile US said that it added 7.0 million total net additions, including 4.5 million branded postpaid net additions. That number, it noted, was better than its guidance of 4.1-4.3 million.

CEO John Legere took to Twitter to share the numbers:

The carrier is waiting for a judge’s ruling as to whether it can proceed with its proposed merger with Sprint.

T-Mobile US’ stock was trading up slightly, less than 1%, on Tuesday morning. And Wall Street observers are likely to take the new numbers as continued evidence that T-Mobile US doesn’t need Sprint to continue its path of growth; according to a Bloomberg report, Nomura Instinet analyst Jeffrey Kvaal said that investors backing T-Mobile US are “winners” whether the merger goes through or not. Kvaal expects a court decision on thermerger by early February and put the odds of approval at 45%.

ABOUT AUTHOR

Kelly Hill
Kelly Hill
Kelly reports on network test and measurement, as well as the use of big data and analytics. She first covered the wireless industry for RCR Wireless News in 2005, focusing on carriers and mobile virtual network operators, then took a few years’ hiatus and returned to RCR Wireless News to write about heterogeneous networks and network infrastructure. Kelly is an Ohio native with a masters degree in journalism from the University of California, Berkeley, where she focused on science writing and multimedia. She has written for the San Francisco Chronicle, The Oregonian and The Canton Repository. Follow her on Twitter: @khillrcr

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