T-mobile adds 2.4 Million Customers
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Another fiscal quarter has passed, and if you've been following us along, you'll know it means more subscriber additions for T-mobile. Surprisingly though, the 2.4 million new subscribers hasn't been all that profitable for the nations 4th largest carrier. In fact the mobile carrier experienced a drop in earnings of 12.2% for the 1st quarter in which Big Magenta blamed it on the cost of rapid expansion. They still managed to bring in $1.1 billion EBIDTA. This is the fourth consecutive quarter in which T-mo has added at least 1 million new subscribers and the first time ever in which they've surpassed 2 million net additions in a quarter. In the quarter the carrier managed to steal quite a few customers away from the competition with it's new marketing strategies. In fact they claim to represent virtually all of the industries phone growth during this time period. T-mobile is currently hot on the heels of Sprint as they are vastly approaching 50 million subscribers, and could soon become the nations 3rd largest carrier. With everything that T-mobile is doing to turn the industry on it's head, I sure hope Sprint fails in their bid to take them over. I'm also concerned on how Sprint and T-mobile would successfully be able to merge given that one carrier is CDMA based and the other is GSM. Many phones hitting the market these days do seem to be able to support both network technologies if this were to happen.
So what is making T-Mobile such a hot carrier these days? Compare T-Mobile wireless plans to find out!
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Category T-Mobile News
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