T-Mobile reports another strong quarter with 798K new postpaid phone subscribers

T-Mobile this afternoon released its quarterly earnings report for the first three month period of 2017. Covering January through March, the nation’s third largest carrier added 798,000 postpaid phone subscribers. Considering that Verizon lost 289,000 customers in this category for its first quarter, T-Mobile seems to be running on all cylinders. The company says that it alone will be responsible for 250% of the industry’s growth in the quarter. The postpaid phone churn for the three months was a record low 1.18%, down 15 basis points from last year, and 10 basis points from the fourth …


Verizon reports a drop in postpaid phone subscribers for the first quarter of 2017

Verizon released its first quarter earnings report today. The nation’s largest carrier had revenue from January through March of $20.9 billion, which was 5.1% lower than what Big Red grossed a year earlier. Verizon blamed the decline on a drop in revenue received from overages, the cost of promoting the business, and a decline in the number of postpaid customers. Of the 307,000 postpaid customers that left the carrier during the three month period, 289,000 were phone-related customers which is the holy grail of the industry. Still, postpaid phone churn came in under .90% for the eighth consecutive …

Jefferies lowers its estimates of Q4 postpaid net additions for Verizon, AT&T and Sprint

Wall Street securities house Jefferies has cut its fourth quarter postpaid net addition estimates for three of the largest carriers in the U.S. For example, Jefferies analysts now expect Big Red to have added 786,000 new postpaid customers in the three month period that ended last month. Previously, the trading house was expecting Verizon to add 943,000 postpaid subscribers in Q4. Postpaid churn is estimated to be 1.03% for the period, unchanged from the earlier forecast.

Jefferies revised its AT&T numbers down by a larger percentage. It now sees 315,000 postpaid net adds for the carrier …