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T-Mobile passes 50 mln customers with 1.5 mln added in Q2
2014-07-31 13:38:00| Telecompaper Headlines
(Telecompaper) T-Mobile US again raised its target for customer growth this year, after adding 1.5 million new subscribers in Q2. The mobile operator now expects retail postpaid net additions of 3.0-3.5 million this year, up from a forecast in May of 2.8-3.3 million. The company reached a total 50.545 million customers at the end of June, after adding 908,000 postpaid and 102,000 prepaid retail customers in Q2. Postpaid retail growth included 579,000 phone customers and 329,000 mobile broadband users, mostly tablets. The portion of postpaid customers on Simple Choice plans rose to 80 percent at the end of the second quarter from 75 percent three months earlier and is expected to hit 85-90 percent by year-end. Despite pressure on ARPU from the Simple Choice plans, T-Mobile grew quarterly service revenues 7.1 percent year-on-year pro forma or its takeover of MetroPCS, to USD 5.48 billon. Adjusted EBITDA was up 14.7 percent on the same basis to USD 1.45 billion, and T-Mobile maintained its outlook for annual EBITDA of USD 5.6-5.8 billion. The operator also ended four consecutive quarters of net losses with a net profit of USD 391 million in Q2. Capex was down slightly to USD 940 million in Q2, and the target for the full year remains USD 4.3-4.6 billion.
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Category:Telecommunications