As we were already aware – after John Legere’s press conference at CES – last quarter was incredible for T-Mobile. More than 1.6 million customers joined Magenta’s ranks. 981k of those were branded customer additions, with 869k of those being postpaid. If you’ve been following Tmo’s earnings and reports for a while, you’ll know that those figures alone represent the best quarter T-Mobile’s had for a very long time. In fact, it’s Tmo’s best quarter since the end of 2005.
Another encouraging note, often not given enough mention, is the low churn rate of just 1.7%. That means very few customers are leaving for other companies. It’s also the third quarter in a row that Tmo’s revenue has grown. All in all, it’s a great end to a year that’s seen T-Mobile transform from being a no-hope carrier almost bought by AT&T to one that everyone is talking about.
Full Year 2013 Highlights:
- Total net customer additions of more than 4.4 million on a pro forma combined basis
- 2.4 million total branded net customer additions including 2 million branded postpaid and 359,000 branded prepaid customers on a pro forma combined basis
- Branded postpaid churn of 1.7%, down 70 basis points year-over-year
- Adjusted EBITDA of $5.317 billion and Adjusted EBITDA margin of 26% on a pro forma combined basis
- Successful introduction and execution of major Un-carrier initiatives
- Rapid progress with the integration of MetroPCS by expanding the brand into 30 additional markets
- Currently 3.5 million MetroPCS customers on the T-Mobile network
- Met or exceeded all company guidance targets for 2013