It looks like T-Mobile had itself another nice quarter.
T-Mobile today reported its Q1 2017 results, revealing that it added 1.1 million customers in the first three months of the year. That number includes 914,000 postpaid subscribers and 386,000 prepaid customers. Meanwhile, postpaid churn fell from 1.33 percent in Q1 2016 to 1.18 percent in Q1 2017.
What’s notable is that with today’s results, T-Mobile has added more than one million customers every quarter for the past four years.
T-Mobile served a total of 72.6 million customers at the end of Q1 2017.
T-Mo today also gave us an update on its network. T-Mobile’s 4G LTE network currently covers 314 million people, with the goal of getting that number up to 321 million by the end of 2017.
Extended Range LTE coverage, which reaches farther and penetrates buildings better, is available in 530 markets covering 269 million people. That number recently got a boost thanks to T-Mobile’s Extended Range LTE launch in Chicago, and T-Mo now says that it has “substantially completed” its rollout of the Extended Range LTE 700MHz A-Block spectrum.
T-Mobile today also reiterated that it plans to begin deploying 600MHz spectrum this year, as it expects at least 10MHz covering one million square miles to be cleared in 2017. The carrier plans to offer a 600MHz-capable Samsung device by the holidays this year and it says that other device makers are making plans to offer 600MHz products.
Other network stats included in today’s report include the news that Wideband LTE coverage is available to 235 million people, carrier aggregation is live in 754 cities, and 4x4 MIMO is live in more than 340 cities. T-Mobile also notes that 70 percent of the voice calls made on its network use VoLTE.
T-Mobile also notes that it earned $9.6 billion in revenues for the quarter, up from $8.7 billion in Q1 2016. Net income for the quarter finished at $698 million, up from $479 million in Q1 2016.
Overall, it looks like T-Mobile had itself another solid quarter in Q1 2017. While its customer growth isn’t quite as brisk as it’s been in the past, T-Mobile continues to add quite a few customers every quarter. Verizon is the only other carrier that’s reported Q1 2017 results so far, but its numbers weren’t great, something that I’m sure T-Mobile CEO John Legere is pretty happy about.
If you’d like a closer look at T-Mobile’s Q1 2017 results, you can check ‘em out for yourself at the link below.