T-Mobile has announced their 3rd quarter financials which saw them hit the $10 billion mark, up 8% over the same period last year, in revenue while continuing to add new customers. The report is for the three month period ending September 30th and also saw the company state a free cash flow of $921 million (up 59%) and $7.6 billion in service related revenue. That put the company’s earnings at $2.8 billion before EBITDA.
In the quarter, the “uncarrier” net additions were 1.3 million with 595,000 braded postpaid phone adds and 226,000 prepaid. The carriers churn rate was down to 1.23%, a significant drop over the same quarter from 2016.
In their earnings report, T-Mobile made it clear that they are still heavily pushing the adoption of 600MHz for their network. The first sites when live with the low frequency LTE during the quarter and the first phone, the Samsung Galaxy S8 Active, was released this month. The adoption of 600MHz will allow the carrier to provide LTE coverage over large swaths of rural areas.
Interestingly, the company will not be holding a webinar to discuss the earning. Most are speculating that this is due to the likely merger of T-Mobile with Sprint and they simply don’t want to address the questions. If the rumors are to be trusted, that merger should happen before the close of 2017.
For more details, head over to the T-Mobile investor page.
