Press release
T-Mobile Reports Industry-Leading Customer Growth & Record Financial Performance in Q1 2020, While Laying the Foundation for the Future
BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile US, Inc. (NASDAQ: TMUS): Industry-Leading Customer Growth 777,000 branded postpaid net additions in Q1 2020, best
About this update from T-mobile Us, Inc.
[{"type":"text","content":" BELLEVUE, Wash.--(BUSINESS WIRE)--\nT-Mobile US, Inc. (NASDAQ: TMUS):\n\n\nIndustry-Leading Customer Growth\n\n\n\n777,000 branded postpaid net additions in Q1 2020, best in industry\n\n\n452,000 branded postpaid phone net additions in Q1 2020, best in industry\n\n\n649,000 total branded net additions in Q1 2020, best in industry\n\n\nRecord-low Q1 branded postpaid phone churn of 0.86% in Q1 2020, down 2 bps YoY\n\n\nRecord-low Q1 branded prepaid churn of 3.52% in Q1 2020, down 33 bps YoY\n\n\n\nRecord Financial Performance (all percentages year-over-year)\n\n\n\nRecord Service revenues of $8.7 billion, up 5% in Q1 2020, with Branded postpaid service revenues up 7%\n\n\nRecord Q1 Net income of $951 million, up 5% in Q1 2020\n\n\nRecord Q1 Diluted earnings per share (“EPS”) of $1.10, up 4% in Q1 2020\n\n\nRecord Adjusted EBITDA(1) of $3.7 billion, up 12% in Q1 2020\n\n\nRecord Q1 Net cash provided by operating activities of $1.6 billion, up 16% in Q1 2020\n\n\nRecord Q1 Free Cash Flow(1) of $732 million, up 18% in Q1 2020\n\n\n\nExpanding 5G Network Capabilities\n\n\n\nRapid start to deploying 5G sites in Philadelphia and New York City using Sprint’s 2.5 GHz mid-band spectrum on T-Mobile’s 5G network\n\n\nAfter launching America’s first nationwide 5G network on our 600 MHz spectrum in December 2019, we further expanded our 5G footprint across an additional 1,600 sites in Q1 2020 and ramped pace to 1,000 sites in April 2020\n\n\n600 MHz 5G now covers 215 million people including the cities of Detroit, St. Louis and Columbus with the Bay Area added this week and more cities coming online soon\n\n\nOver 50 million New T-Mobile devices have access to the 600 MHz LTE network and 5G access is being made available to Sprint customers\n\n\n\nCOVID-19 - Providing Essential Connectivity, While Ensuring Employee Safety\n\n\n\nPartnered with multiple spectrum holders and the FCC to temporarily deploy additional 600 MHz spectrum, effectively doubling total 600 MHz LTE capacity across the nation\n\n\nWe committed to the FCC’s Keep Americans Connected pledge by maintaining service and waiving late fees for residential and small business customers impacted by COVID-19\n\n\nAccelerated the launch of T-Mobile Connect - T-Mobile’s lowest priced smartphone plan ever\n\n\nIn mid-March, before the merger with Sprint, we closed approximately 80% of ou...