T-Mobile today reported its Q3 2017 results, and it looks like the magenta carrier had itself another good quarter.
T-Mobile added 1.3 million customers in Q3 2017, making it the 18th consecutive quarter that T-Mo added more than 1 million customers. That 1.3 million breaks down to 817,000 postpaid subscribers, 226,000 postpaid subs, and 286,000 wholesale customers.
With this new 1.3 million adds, T-Mobile served 70.7 million customers in all at the end of Q3 2017.
T-Mo’s postpaid churn for the quarter finished at 1.23 percent while prepaid churn ended the quarter at 4.25 percent.
T-Mobile’s financials saw several year-over-year increases. Service revenues grew 7 percent YoY to finish at $7.6 billion and total revenues went up 8 percent to end at $10.0 billion. Net income grew YoY, too, finishing at $550 million.
On the network side, T-Mobile says that it plans to have 10MHz of 600MHz spectrum covering 1.2 million square miles cleared and ready to deploy in 2017. That means that while Cheyenne, Wyoming and Scarborough, Maine are currently the only cities with T-Mo 600MHz coverage, more cities should come online in the next couple of months.
T-Mobile currently only sells one device — the LG V30 — with 600MHz support. Another device is expected to arrive this holiday season, with rumors suggesting it’ll be the Samsung Galaxy S8 Active. T-Mo expects that most devices that launch in 2018 will include 600MHz support.
In total, T-Mobile’s 4G LTE network covers 316 million people. That number is expected to reach 321 million by the end of 2017.
This is typically where I’d tell you that T-Mobile will be holding a conference call later today to discuss its earnings and that I’d keep you up to date on what’s said. However, T-Mo isn’t holding an earnings call this quarter, likely because rumors say that a T-Mobile-Sprint merger announcement is close, and because T-Mo doesn’t want to spend a conference call getting questions about a rumored merger that it can’t answer.
