News by Luke Jones on Thursday July 30, 2015.
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T-Mobile's amazing success continued as the carrier added over 1 million postpaid subscribers for the fourth consecutive quarter. The Magenta Network announced its financials for the quarter ending June 30th and revealed that 760,000 of those new customers were postpaid phone subscribers. Overall the company said that 2.1 million additions were made net, marking the ninth straight quarter that over 1 million new net customers have been added.In terms of revenue, that means the fourth largest carrier in the United States recorded revenue of $8.2 billion, which is up 14% year-on-year. That overall revenue made $361 in income for the company, an improvement over the $63 million loss made through the first quarter of 2015. T-Mobile promised some time ago that it would hit 300 million Americans with its 4G LTE coverage, and the company is now nearing in on that figure, with 290 million currently able to get coverage.
"While the carriers continue to use gimmicks to confuse consumers, T-Mobile continues to listen to customers and respond with moves that blow them away. On top of adding 2.1 million new customers in the second quarter, we delivered 14% year-over-year revenue growth and 25% year-over-year Adjusted EBITDA growth. Overall, I think our results speak for themselves."-John Legere, CEO & president, T-Mobile
Luke Jones is the Managing Editor at MobileBurn.com and is the person you need to speak to about the content on the site. Luke studied creative writing at degree level before carving out a reputation as a freelance tech writer. He settled here at MobileBurn, where he reviews devices and contributes to the news, as well as overseeing the site's content and direction.