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T-Mobile Posts Good Numbers For Their Q1 2014 Quarter

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T-Mobile just released their Q1 2014 results and they’re looking quite good. Today they reported that this past quarter was their best ever in branded postpaid net customer additions. In total T-Mobile added 2.5 million new customers, with 1.3 million of those being on their postpaid plans.

T-Mobile’s President and CEO, John Legere wasn’t holding back on boasting about T-Mobile’s gains this quarter. “A year ago I promised that we would bring change to what I called this arrogant US wireless industry. We are delivering on that promise and our results reflect the growing customer revolution that we’ve ignited,” Legere said.

“We are now approaching 50 million customers, added 2.4 million net new customers in the first quarter alone, and posted our fourth quarter of consecutive service revenue growth, while once again adding more net new postpaid customers than the rest of the industry combined!” he also said.

Some people are put off by Mr. Legere and his actions, but they are definitely working in T-Mobile’s favor. T-Mobile’s total revenue was up 47% this quarter than the same one last year, but T-Mobile also acquired Metro PCS last year. T-Mobile also sold 6.9 million smartphones last quarter, a new record for the company.

However, T-Mobile missed investor expectations for revenue, by posting a net loss. They made $6.88 billion in revenue, up from the $4.68 billion a year ago, but missing expectations of $6.92 billion investors had.

As for T-Mobile’s 2014 outlook, they are looking to continue to further momentum while investing into profitable growth. They expect to add between 2.8 and 3.3 million total postpaid net additions in 2014.

As someone who is part of the 2.5 million new customers, I’m very glad to see T-Mobile performing this well. Their service has worked for me pretty much everywhere I go and having truly unlimited data and early upgrades is great. If you have good service in your area, you should definitely look into switching if it would be better for your usage case.

Source: Thompson Reuters via Forbes