T-Mobile has published the numbers for its second quarter earnings in 2017 and it makes for great reading for the Un-carrier, with a 17th straight quarter of adding 1m plus subscribers, 1.3 million to be more precise. Numbers are up from Q1 across the board, so join us after the break for more details.
The 1.3 million new customers consist of 817,000 postpaid customers 94,000 prepaid customers, and wholesale contributed 422,000 new additions, with postpaid churn rate dropping from 1.27% to 1.10% year on year.
Technically, T-Mobile has finished the second quarter with fewer subscribers than it had in Q1, but that is due to the company excluding 4.4 million wholesale customers in the Lifeline program. Finance-wise, T-Mobile’s numbers are also on the rise, achieving $7.4 billion in service revenues (an 8% rise) and 10.2 billion in total revenues for Q2 (up by 10%).
T-Mobile’s network currently provides coverage for 315 million Americans and the company aims to bring that number to 321 million by the end of 2017. The 700MHz rollout is basically complete, and in August T-Mobile plans on using the 600MHz spectrum it purchased for $8 billion on strengthening its LTE coverage and increasing capacity to meet the growing need for mobile data from its customers.
2017 has seen T-Mobile open up 500 new stores, with another 500 scheduled to open by the end of the year. These numbers pale in comparison to the 1,100 new retail locations opened by MetroPCS so far this year plus plans for another 400 locations this year. By the end of 2017, T-Mobile should have around 17,000 retail outlets.