Do not invest more money than you can afford to lose.
Under Legere’s in-your-face leadership, T-Mobile has been a disruptive force in the industry, doing away with restrictive contracts, removing hidden fees, and ribbing rivals AT&T, Verizon Wireless, and Sprint at every turn. It’s feeling very confident too, and has revised the amount of post-paid customers it projects will sign-up this year in total, raising its estimations from between 3.4 million and 3.9 million to between 3.8 and 4.2 million instead. “Our momentum is strong and our incredible customer growth is translating directly into solid financial growth which makes it crystal clear that putting customers first is just good business”.
T-Mobile US Inc reported lower-than-expected quarterly revenue and profit as the company’s initiatives such as lower price deals and increased data allotments to attract monthly users to its network hurt earnings.
Finally, T-Mobile gave an update on its network.
The mobile carrier added 2.3 million subscribers during the quarter, marking the 10 in a row in which it added more than 1 million subscribers. As it forecast last month, the third-largest USA carrier added 1.1 million postpaid users – more lucrative subscribers with higher credit quality that add multiple devices and use more data.
T-Mobile today shared its Q3 2015 numbers, and once again the magenta carrier has added customers. Revenue rose 7% to hit $7.8 billion. The company also reported $1.9 billion in adjusted EBITDA, up 42 percent from a year ago and a 30 percent adjusted EBITDA margin, flat from the second quarter and up from 24 percent a year ago.
Overall, T-Mobile reported a profit of $138 million, or 15 cents a share, up from a year-earlier loss of $94 million, or 12 cents a share. 245 markets are now covered with T-Mobile’s Wideband LTE service, with a target of 260 markets in place for year end. T-Mobile expects EPS to continue to be positive for the fourth quarter and the-full-year 2015. People are also staying with T-Mobile longer than before. The company covers nearly 175 million POPs with its Extended Range LTE service and is leading in average download speeds for the 7 quarter in a row. New market launches in the third quarter of 2015 included the cities of Los Angeles, Atlanta, Sacramento, Cincinnati and Indianapolis.
T-Mobile also delivered improvement in branded postpaid phone churn, which was 1.46%, down 18 basis points year-over-year. On a different note, The Company has disclosed insider buying and selling activities to the Securities Exchange, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (EVP & CFO) of T-Mobile Us, Inc., Carter J Braxton Ii had sold 34,847 shares worth of $1,437,787 in a transaction dated September 15, 2015.
