T-Mobile US has clocked a strong subscriber base gain of 1.9 million in the second quarter ended June 30. The company has also registered a year-on-year revenue surge of 12.8% in the quarter with $9.2 billion total revenue.
T-Mobile US is the third largest player the US after Verizon Communications and AT&T Inc. It added 646,000 new postpaid phone connections, making the net postpaid customer base 30.88 million. 476,000 branded prepaid net additions were seen in the quarter, taking its total prepaid base to 18.44 million. Its monthly cancellation rates have fallen to 1.27% in the mainstream phone connections from the 1.32% it registered a year ago.
In the case of mobile broadband connections, T-Mobile US added 244,000 subscribers, taking the overall base to 2.75 million. Its wholesale subscriber base added 515,000, giving it a total of 14.84 million.
By the end of second quarter, the overall customer base stood at 67.38 million.
The service revenue of the company reached $6.9 billion for the ninth consecutive year, marking a growth of 12.1% year-on-year. The operating income increased to $768 million, up from $597 million last year. However, the profit dropped 38% to $225 million. High-interest expenses and taxes are the reasons cited for the low profit.
Commenting on the revenue surge in the second quarter, T-Mobile’s Chief Executive Officer John Legere said, “Quarter after quarter this team continues to deliver results that are the best in the business despite the competition’s best efforts.”