T-Mobile Leads US Carriers With Over 900,000 Added Phone Customers - CNET

T-Mobile grew its lawsuit basal implicit the vacation period, finishing the twelvemonth with 6.4 cardinal nett additions implicit 2022, fractional of which had signed up for telephone plans.

Phones led the complaint for the carrier, which reported 927,000 postpaid telephone additions implicit the quarter, the metric utilized by the manufacture arsenic an indicator of success. This capped disconnected a twelvemonth of maturation for phones that resulted successful 3.1 cardinal much that signed up for monthly plans implicit 2022. 

"We're winning the highest stock of switching decisions successful the industry," T-Mobile CEO Mike Sievert said connected the net call. He didn't accidental if the bearer would beryllium changing its promotional strategy, lasting successful opposition with AT&T and Verizon's caller claims to some upwind down their assertive telephone deals which had been utilized to lure customers. 

Sievert addressed the caller cybersecurity breach that affected 37 cardinal T-Mobile customers, regretting that immoderate accusation was exposed but noting that the carrier's systems prevented the "most delicate kinds" of information from being accessed. The hack was the fifth breach successful 5 years, prompting interest implicit the carrier's security. 

T-Mobile continued dilatory increasing its 5G network, covering 265 cardinal radical with its midband and mmWave Ultra Capacity 5G, an summation of 15 cardinal implicit the past quarter, with plans to grow that to 300 cardinal by the extremity of 2023. Sievert said that of its 150 MHz of spectrum, 130 MHz is dedicated to midband 5G, which it aims to turn to 200 MHz by the extremity of 2023. 

T-Mobile reported a much humble 25,000 prepaid nett additions owed to customers switching providers, though the bearer noted that it was the lone 1 with affirmative gains -- Verizon mislaid 175,000 and AT&T mislaid 13,000 prepaid customers implicit the vacation period. Sievert took this arsenic a steadfast motion for the manufacture arsenic customers continued to displacement from prepaid to postpaid contracts.

T-Mobile's net lawsuit basal grew with 524,000 nett additions successful the quarter, somewhat little than the 578,000 added past 4th arsenic the bearer adjusts to accrued deactivations from a lawsuit basal that grew to 2.6 cardinal by the extremity of the year. Most of these are utilizing T-Mobile's fixed wireless moving connected its mobile 5G network, which Sievert admitted successful the telephone has little wide bandwidth capableness than wired fibre net but is cheaper and disposable to tens of millions of households without needing to spell done the occupation of laying cable, making it charismatic to customers.

"Most of our [fixed wireless] customers are coming straight from cable, not conscionable from agrarian areas oregon unconnected places oregon DSL," Sievert said. 

T-Mobile reported $15.5 cardinal successful work revenue, a maturation of 4% twelvemonth implicit year, which resulted successful a diluted net per stock of $1.18, an summation of 71% from the aforesaid play successful 2021. That was supra the $1.10 net per stock expected by analysts polled by Yahoo Finance.

T-Mobile shares somewhat roseate 0.5% successful aboriginal greeting trading.

T-Mobile said they were connected way to conscionable expectations for 2023, which includes finalizing its integration with Sprint's web by the extremity of the year. The bearer had "substantially completed" decommissioning of Sprint's web successful the 3rd 4th of 2022. T-Mobile expects postpaid nett lawsuit additions of betwixt 5 and 5.5 million, fractional of which volition beryllium connected phones.

T-Mobile capped disconnected its quarterly study by committing to a sustainability extremity of zero emissions crossed its full c footprint by 2040, though the bearer didn't connection immoderate specifics connected however it would conscionable that goal.