T-Mobile Adds 2.4M Customers in Q1
BELLEVUE, Wash. -- T-Mobile US, Inc. (NYSE: TMUS) today reported first quarter 2014 results demonstrating continued strong momentum and record customer response to its Un-carrier moves. The Company has aggressively focused on eliminating consumer pain points and is delivering continued growth in its total and branded customer base through the successful execution of this strategy. In the first quarter, T-Mobile captured virtually all of the industry phone growth, while successfully taking market share from the competition.
T-Mobile reported 2.4 million total net customer additions with 1.8 million total branded net customer additions for the quarter, including branded postpaid net additions of 1.3 million and branded prepaid net additions of 465,000. T-Mobile was once again the fastest growing wireless company in America in the firstquarter of 2014 with more than 1.2 million branded postpaid phone net additions, a result that dramatically outperformed the competition. The strong branded postpaid net addition performance resulted from continued momentum in gross additions, which were up 23% quarter-over-quarter and 136% year-over-year, and ongoing improvements in branded postpaid churn, which was 1.5% in the quarter, down 20 basis points quarter-over-quarter and down 40 basis points year-over-year.
A year ago I promised that we would bring change to what I called this arrogant USwireless industry. We are delivering on that promise and our results reflect the growing customer revolution that weve ignited, said John Legere, President and CEO of T-Mobile. We are now approaching 50 million customers, added 2.4 million net new customers in the first quarter alone, and posted our fourthquarter of consecutive service revenue growth, while once again adding more net new postpaid customers than the rest of the industry combined!