Q3 2016 is going strong for T-Mobile USA.
T-Mobile USA gave today an outlook at the carrier's Q3 2016 results. The "uncarrier" managed to lure away over a million customers from the big three competitors Sprint, Verizon and AT&T.
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T-Mobile’s customer flow in Q3 2016 continues to come from all three major wireless carriers who are generous contributors and these numbers are already ahead of Q2 2016 full quarter results. T-Mobile estimates that Verizon has contributed over 250,000 postpaid phone and prepaid net customer additions to T-Mobile quarter-to-date, while AT&T has donated nearly 400,000 and nearly 300,000 have come from Sprint.
In addition to these, T-Mobile continues to see strong flows of new first time customers coming to market, customers adding lines to their existing accounts and to a lesser degree switching from brands other than the big 3.
Quarter to date the Company has added approximately 753,000 branded postpaid phone net additions and 650,000 prepaid net customer additions.
The Company reiterates its commitment to its current financial guidance and full year outlook and will provide a full update on its growth outlook for 2016 as part of its Q3 2016 earnings report in late October.
“All three wireless carriers tried to match Un-carrier signature moves this quarter, like getting rid of overages and introducing unlimited data plans, but as usual, they came up short,” said John Legere, President and CEO of T-Mobile. “Our Q3 results so far have surpassed Q2 in postpaid phone and prepaid nets, and we are adding customers from ALL of the other guys at an increasing rate.”
T-Mobile says that it now can provide LTE coverage to almost 312m Americans. This is 99.7% of Verizon's LTE coverage.
“T-Mobile covers nearly everyone Verizon reaches. I’m calling it. Verizon’s coverage advantage is gone,” said Neville Ray, CTO of T-Mobile. “Now, Verizon’s rebranding their older, slower network as ‘LTE Advanced,’ highlighting technology we launched two years ago. Even with their ‘new’ technology T-Mobile’s LTE network is still faster – just ask OpenSignal, Ookla or the FCC.”