T-Mobile’s Q2 2015 results are in, and it turns out that Big Magenta had itself a pretty nice quarter.
T-Mo reports that it added 2.07 million customers during the second quarter of 2015. Of that number, 1.0 million were branded postpaid, 178,000 were branded prepaid, and 919,000 were MVNO customers. Once the second quarter wrapped up, T-Mo served a total of 58.9 million customers.
Turning our attention to T-Mo’s network, John Legere and Co. say that their LTE network covers 290 million people, with the goal of reaching 300 million by the end of 2015. I’d say that that’s doable. Meanwhile, there are 212 markets with Wideband LTE — which offers increased network bandwidth and capacity — and T-Mo plans to hit 250 markets by the end of the year. Finally, 141 markets have 700MHz band 12 LTE, which offers better building penetration.
T-Mobile finished Q2 2015 with $8.2 billion in total revenues, a figure that’s up from $7.8 billion in Q1 2015. T-Mobile also pulled a profit of $361 million in Q2 2015, which is down slightly from its Q2 2014 profit of $391 million but up from its $63 million loss in Q1 2015.
Finally, T-Mobile has confirmed that it completed its shutdown of MetroPCS’s CDMA network on July 1. That means that all of the spectrum that Metro previously used for its CDMA network has been refarmed and integrated into T-Mobile’s GSM network.
Sounds like a pretty nice quarter for T-Mobile, no? Not only did it see some solid customer growth, revenue and profit, and network improvements, but it also posted better year-over-year churn. Add to that T-Mo’s recent string of Un-carrier Amped announcements and its J.D. Power customer care study win and I’d say that T-Mobile’s having itself a pretty nice summer.
