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T-Mobile added 1.6 million net additions and 1.1 million postpaid payments in the third quarter. The wireless service provider, which plans to merge with Sprint, said its third-quarter profits stood at $ 795 million, or 93 cents a share, for a revenue of 10 percent. , $ 8 billion, up 8% from a year ago.
Wall Street was looking for a second quarter profit of 85 cents a share for a $ 11.3 billion business.
T-Mobile's postpaid churn also reached 1.02%, a historic low for the company's third quarter.
We continue to drive our business beyond expectations and despite ongoing work to close the merger, we have released our best financial results in the third quarter, "said CEO John Legere in a prepared statement. The growth of our clientele is still accelerated, benefiting from the investments we make. networking and customer experience leading to 22 consecutive quarters with more than 1 million net additions of customers. "
In numbers:
- The company closed the quarter with 77.2 million customers.
- Average revenue per user on postpaid branded phones in the second quarter was $ 47.53, down 1.2% from a year earlier.
- T-Mobile added 774,000 net additions of branded postpaid phones.
- The company added 35,000 prepaid branded additions.
- Service revenues in the third quarter were $ 8.1 billion, up 6%.
- T-Mobile said it covered 324 million people with 4G LTE and was targeting 325 million by the end of the year.
- For 2018, T-Mobile announced plans to add 3.8 million to 4.1 million branded postpaid net customers. Adjusted EBITDA will be in the range of $ 11.8 to $ 12 billion, up from the previous range.
T-Mobile shares rose more than 3% after hours.
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