T-Mobile Bests Competitors With 495K Postpaid Net Phone Adds in Q1
T-Mobile led the big three wireless carriers once again this quarter with 495,000 postpaid phone net adds, the company announced Thursday. Unlike Verizon and AT&T (see 2504220033 and 2504230045), T-Mobile releases quarterly results following the market's close. T-Mobile also said it had 1.3 million postpaid net customer additions, its best Q1 result ever, and added 424,000 customers to its high-speed internet service. Among other numbers, service revenue of $16.9 billion was up 5% year over year, while net income of $3 billion rose 24%.
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T-Mobile is the only U.S. carrier with a nationwide 5G-advanced network “leveraging the nation’s only standalone 5G core to better serve customers, enabling advanced carrier aggregation to achieve record-breaking 6.3 Gbps downlink speeds in a recent field test” and offering “dynamic slicing, lower latency, and more efficient IoT,” said a news release. The carrier said it also offers the only satellite connections in the U.S. that work on most modern smartphones.