Press release
T-Mobile Caps Best Year Ever in 2020 with Strong Q4 Results, Is the Only National Wireless Provider to Beat Expectations on BOTH Customer Growth and Profitability
Industry-Leading Customer Growth Total net additions of 1.7 million in Q4 2020, best in industry — 5.6 million in full-year 2020, best in industry and
About this update from T-mobile Us, Inc.
[{"type":"text","content":"\nIndustry-Leading Customer Growth\n\n\nTotal net additions of 1.7 million in Q4 2020, best in industry — 5.6 million in full-year 2020, best in industry and highest in four years\n\n\nPostpaid net additions of 1.6 million in Q4 2020, best in industry — 5.5 million in full-year 2020, best in industry and most in company history\n\n\nPostpaid phone net additions of 824 thousand in Q4 2020, best in industry — 2.2 million in full-year 2020, best in industry\n\n\nStrong Financial Results\n\n\nTotal revenues of $20.3 billion in Q4 2020 — $68.4 billion in full-year 2020\n\n\nNet income of $750 million in Q4 2020 — $3.1 billion in full-year 2020\n\n\nAdjusted EBITDA(1) of $6.7 billion in Q4 2020 — $24.6 billion in full-year 2020\n\n\nNet cash provided by operating activities of $3.5 billion in Q4 2020 — $8.6 billion in full-year 2020\n\n\nFree Cash Flow, excluding gross payments for the settlement of interest rate swaps(1) of $476 million in Q4 2020 — $3.0 billion in full-year 2020\n\n\nMerger Synergies and Customer Migrations Ahead of Schedule\n\n\nDelivered $1.3 billion of synergies in full-year 2020, exceeding guidance\n\n\n25 percent of Sprint postpaid customer traffic has already been moved over to the T-Mobile network and more than 4 million customer network migrations have been completed\n\n\nLargest 5G Network in America is Now the Fastest Too\n\n\nExtended Range 5G covers 280 million people across 1.6 million square miles, nearly 4x more than Verizon and nearly 2.5x more than AT&T\n\n\nUltra Capacity 5G covers 106 million people, over 50x more than Verizon's 5G Ultra Wideband, and expect to cover 200 million people nationwide by the end of 2021\n\n\nFastest 5G speeds based on recent data from Opensignal and umlaut (formerly P3)\n\n\nStrong 2021 Outlook and Analyst Day Coming After Auction 107\n\n\nExpect growth in postpaid customers, Core Adjusted EBITDA(1), net cash provided by operating activities, and Free Cash Flow(1) in 2021\n\n\nUpdated merger synergies, medium and long-term guidance, and a strategic overview of the business to be provided at Analyst Day following the expected end of the FCC quiet period for Auction 107\n\n\n BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS) reported fourth quarter and full-year 2020 results today, highlighted by industry-leading total net additions, postpaid net addit...