Mobile's subscriber boos challenges A& for spo as second-larges US carrier

Ruben Fields
August 9, 2020

In its 2nd quarter earnings report, T-Mobile revealed that it now has 98.3 million overall clients, stating that it has actually surpassed AT&T "in total branded customers across both postpaid and prepaid".

T-Mobile US Inc., a distant fourth place in the USA wireless industry for much of its life, is now officially No. 2. The rise in customers is because of T-Mobile's acquisition of Sprint, as this is the very first time that T-Mobile is counting Sprint customers following their hit merger.

T-Mobile added 253,000 net new phone subscribers who pay a monthly bill, compared with 710,000 additions a year earlier.

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"Surpassing AT&T to become #2 was a huge milestone", said T-Mobile CEO Mike Sievert in a statement, "but that was only the beginning!" AT&T reported its own financials in July, with 74.9 postpaid customers and just over 18 million prepaid. T-Mobile is growing its customer base quarter-on-quarter, while AT&T's is shrinking, and the Magenta army looks in a better position in the 5G stakes. AT&T has a whole separate "Connected Devices" category with an additional 71.8 million connections.

Prepaid net customer additions were 133,000 in Q2 2020 and prepaid churn was 2.81%. T-Mobile added 1,245,000 customers which it claimed was the "best in industry" for a total of 98.3 million customers at the end of Q2 2020. AT&T Inc. has about 93 million total mobile customers, while Verizon Communications Inc. has 119 million. The company also reported a profit of $110 million with earnings per share of $0.09, primarily due to merger-related costs, the impact of the coronavirus pandemic, and non-cash impairments.

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