T-Mobile (TMUS) Adds 2.1M Subs in Q2

July 9, 2015 7:03 AM EDT

T-Mobile (NYSE: TMUS) said it generated 2.1 million total net customer additions, including over 1.0 million branded postpaid net customer additions, in the second quarter. This marks the ninth consecutive quarter that T-Mobile has delivered over 1 million total net customer additions and the fourth consecutive quarter with over 1 million branded postpaid net customer additions.

“T-Mobile’s momentum continued in full force for the second quarter, with 2.1 million customers voting in favor of the Un-carrier,” said John Legere, President and CEO of T-Mobile. “Now we are doubling down again with Un-carrier Amped! Once again making it absolutely clear that...We Won’t Stop!”

Preliminary Customer Results and Churn Metrics

The following table sets forth the number of ending customers:

As of
June 30, March 31, June 30,
(in thousands)

2015 (1)

2015 2014
Customers, end of period
Branded postpaid phone customers 27,595 26,835 23,633
Branded postpaid mobile broadband customers 1,723 1,475 897
Total branded postpaid customers 29,318 28,310 24,530
Branded prepaid customers 16,567 16,389 15,639
Total branded customers 45,885 44,699 40,169
M2M customers 4,529 4,562 4,047
MVNO customers 8,494 7,575 6,329
Total wholesale customers 13,023 12,137 10,376
Total customers, end of period 58,908 56,836 50,545

The following table sets forth the number of net customer additions (losses):

Three Months Ended % Change
June 30, March 31, June 30, Qtr/Qtr Year/Year
(in thousands)

2015 (1)

2015 2014
Net customer additions (losses)
Branded postpaid phone customers 760 991 579 (23)% 31%
Branded postpaid mobile broadband customers 248 134 329 85% (25)%
Total branded postpaid customers 1,008 1,125 908 (10)% 11%
Branded prepaid customers 178 73 102 144% 75%
Total branded customers 1,186 1,198 1,010 (1)% 17%
M2M customers (33) 141 225 NM NM
MVNO customers 919 479 235 92% NM
Total wholesale customers 886 620 460 43% 93%
Total net customer additions 2,072 1,818 1,470 14% 41%
NM - Not meaningful.

The following table sets forth the churn:

Three Months Ended bps change
June 30, March 31, June 30, Qtr/Qtr Year/Year

2015 (1)

2015 2014
Branded postpaid phone churn 1.32% 1.30% 1.48% +2 bps -16 bps
Branded prepaid churn 4.93% 4.62% 4.50% +31 bps +43 bps
(1) The Company's customer results for the second quarter of 2015 are preliminary and subject to completion of the Company's quarter-end closing review procedures. Full second quarter results are expected to be reported on July 30, 2015.


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