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T Mobile Adds Over 5 Million Customers in 2017

T-Mobile Adds Over 5 Million Customers in 2017

By Reuters | Updated: 11 January 2018 12:56 IST

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T-Mobile US said on Tuesday it added more than 5 million net customers in 2017, the fourth straight year it has achieved these figures.

The company also said it added more than 1.9 million net customers in the fourth quarter, bringing its total customer count to nearly 72.6 million at year-end.

Shares of T-Mobile, which ended deal talks with rival Sprint this past November, were up 1.6 percent in light premarket trading.

The No. 3 US wireless carrier said it saw strength in branded postpaid customers with net customer additions of 1.1 million in the fourth quarter of 2017.

However, this was below 1.2 million total branded postpaid net additions recorded in the fourth quarter of 2016.

Branded postpaid phone churn was 1.18 percent in the fourth quarter, down from 1.23 percent in the previous quarter.

The company also said it added total 5.7 million net additions in 2017. Analysts on average were expecting 5.2 million additions in 2017, according to Thomson Reuters.

© Thomson Reuters 2018

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