T-Mobile closes out the year with another strong quarter as it expanded its customer base over the holidays, adding 927,000 postpaid phone calls for the entire quarter, a metric the industry uses as a measure of success. .
This caps off a year of phone growth that resulted in 3.1 million people signing up for monthly plans in 2022. Overall, in 2022 he had 6.4 million net additions, half of which were signed up for phone plans.
T-Mobile CEO Mike Sievert said on the earnings call: He didn’t say whether the carrier would change its promotional strategy, as opposed to AT&T and his Verizon recently claiming to scale back aggressive phone deals used to attract customers. didn’t.
Sievert has addressed a recent cybersecurity breach. 37 million T-Mobile customers affectedregrets the information was made public, but noted that the carrier’s systems prevented access to “the most sensitive types” of data. 5th offense in 5 yearsraising concerns about carrier security.
T-Mobile continues to slowly grow its 5G network, with faster mid-band and mmWave “ultra-capacity” 5G offering vastly improved speeds and capacity compared to 4G LTE and its low-band 5G. announced that it now covers 265 million people in flavor. The network (what T-Mobile calls “Extended Range 5G”). This represents an increase of 15 million people in the last quarter, and the carrier plans to expand this high-speed network to 300 million people by the end of 2023.
Of the 150 MHz of spectrum, Sievert says 130 MHz is dedicated to mid-band 5G and aims to expand to 200 MHz by the end of 2023.
T-Mobile reported 25,000 prepaid net additions as customers switched providers, but only T-Mobile posted a positive profit — Verizon lost 175,000 When AT&T lost 13,000 Prepaid customers during holidays. Sievert saw this as a healthy sign for the industry as customers continued to migrate from prepaid to postpaid contracts.
T-Mobile’s Internet customer base dropped slightly to 524,000 net from the 578,000 added last quarter as carriers adjust for increased deactivation from a customer base that grew to 2.6 million by the end of the year. Additional quarterly increase. Most of these use T-Mobile’s fixed wireless, which runs on its mobile 5G network, which Sievert admitted in the call had less overall bandwidth capacity than wired fiber internet, but was cheaper. and tens of millions of households can use it without having to go through any trouble. of cable laying, making it attractive to customers.
“Most of us [fixed wireless] Customers are coming directly from cable as well as from rural, off-site and DSL,” says Sievert.
T-Mobile reported service revenue of $15.5 billion, up 4% year over year. As a result, diluted earnings per share stood at $1.18 for him, up 71% from the same period in 2021. This exceeded earnings of $1.10 per share.Analyst expectations Poll by Yahoo Finance.
T-Mobile’s shares edged up 0.5% in early morning trading.
T-Mobile said it is on track to meet expectations for 2023, including completing integration with Sprint’s network by the end of the year. The carrier said that in the third quarter of 2022 he had “virtually completed” the decommissioning of Sprint’s network.
T-Mobile wrapped up its quarterly report by pledging its sustainability goal of zero overall carbon footprint by 2040, but how the carrier will meet that goal. You didn’t provide details on what to do.
