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MarketScreener Homepage  >  Equities  >  Nasdaq  >  T-Mobile US    TMUS

T-MOBILE US

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T-Mobile adds 1 mn new customers beating Verizons 650,000

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01/11/2019 | 03:30am EDT

T-Mobile US on Wednesday said it added 1 million new customers, who pay monthly for their mobile phone connections, in the fourth quarter of 2018.

T-Mobile CEO during Q2 2017The main rival Verizon Communications, the largest U.S. wireless carrier, added 650,000 new phone subscribers in the fourth quarter of 2018.

Verizon added 1.2 million retail post-paid customers. Verizon said retail post-paid phone churn was 0.82 percent in the fourth quarter.

T-Mobiles post-paid phone churn dropped to 0.99 percent in the fourth quarter from 1.02 percent in the third quarter of last year. T-Mobiles total mobile phone customer base reached 79.7 million at the end of 2018.

The main achievements of T-Mobiles include 2.4 million net additions; 1.4 million post-paid net additions; 1 million post-paid phone net additions and 135,000 pre-paid net additions in Q4 2018.

T-Mobile offered benefits such as unlimited rate plans, free Netflix for qualifying customers on family plans, free international data roaming and texting in more than 210 countries and destinations.

The fourth quarter of 2018 marked the 23rd consecutive quarter that T-Mobile has generated more than 1 million total net customer additions. Total customer additions in 2018 were 7 million, marking the fifth consecutive year that T-Mobile added more than 5 million net customers.

Last month, T-Mobile won backing from two national security reviews for its deal to buy smaller rival Sprint as it strives for more scale to compete with Verizon Communications and AT&T.

(c) All rights are reserved for National Iraqi News Agency / NINA 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
DEUTSCHE TELEKOM AG 1.46% 15.578 Delayed Quote.3.60%
T-MOBILE US 0.72% 75.86 Delayed Quote.18.33%
VERIZON COMMUNICATIONS -0.30% 57.5 Delayed Quote.2.51%
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Financials ($)
Sales 2019 45 420 M
EBIT 2019 5 857 M
Net income 2019 3 390 M
Debt 2019 24 469 M
Yield 2019 -
P/E ratio 2019 19,40
P/E ratio 2020 16,38
EV / Sales 2019 1,99x
EV / Sales 2020 1,86x
Capitalization 65 807 M
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 83,0 $
Spread / Average Target 7,8%
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Managers
NameTitle
John J. Legere Chief Executive Officer & Director
G. Michael Sievert President, Chief Operating Officer & Director
Timotheus Höttges Chairman
J. Braxton Carter Chief Financial Officer & Executive Vice President
Neville R. Ray Chief Technology Officer & Executive VP
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