Summary
T-Mobile US, Inc. (TMUS) filed an 8-K on September 17, 2015, to provide a business update and signal strong customer growth momentum heading into the third quarter of 2015. CEO John Legere indicated that as of early September, T-Mobile had already surpassed its total net customer additions for the entirety of the second quarter of 2015. This performance suggests continued execution of T-Mobile's "Un-carrier" strategy and its ability to attract and retain subscribers in a competitive market. The company also highlighted impressive growth in specific customer segments. Branded postpaid net customer additions and branded postpaid phone net customer additions were approximately on pace with Q2 2015 figures quarter-to-date. Furthermore, branded prepaid net customer additions had already exceeded the total for Q3 2014 and tripled the additions seen in Q2 2015, indicating broad-based customer acquisition success across different service tiers. While these are preliminary results, they point to a positive outlook for T-Mobile's financial performance for the third quarter.
Key Highlights
- 1T-Mobile US (TMUS) announced strong preliminary customer growth for Q3 2015.
- 2As of early September, total net customer additions exceeded the entire Q2 2015 total.
- 3Branded postpaid net customer additions are pacing to match Q2 2015 levels.
- 4Branded postpaid phone net customer additions are also tracking Q2 2015 performance.
- 5Branded prepaid net customer additions have already surpassed Q3 2014's total.
- 6Branded prepaid net customer additions have tripled the Q2 2015 total quarter-to-date.
- 7These preliminary results indicate continued success of T-Mobile's 'Un-carrier' strategy.