T-Mobile shows better revenue performance than Verizon and AT&T

T-Mobile US posted revenues of $10.6 billion (+4 percent), service revenues of $7.9 billion (+7 percent), adjusted EBITDA of $3.2 billion (+7 percent) and net income of $782 million (+35 percent) in Q2 2018.

The financial performance of T-Mobile is better as compared with AT&T and Verizon during the second quarter of 2018.
T-Mobile network plans
The third-largest U.S. wireless carrier said its average revenue per phone subscriber was $46.52 in the second quarter, down 1.2 percent from the year-ago quarter, due to customers moving to tax inclusive plans.

Phone subscriber churn, or the rate of customer defections, was 0.95 percent during the quarter, down from 1.1 percent last year.

The Bellevue, Washington-based company said it added 686,000 wireless subscribers during the second quarter, compared with 786,000 added in the previous year.

The combined T-Mobile and Sprint would be able to compete against larger rivals Verizon Communications and AT&T.

T-Mobile CEO John Legere said regulators will approve the current merger structure without divesting parts of the business.

5G plans

T-Mobile CFO Braxton Carter said capital expenditures for the year would be at the high end of its $4.9 billion to $5.3 billion forecast range, as the company works to install its spectrum for 5G.

T-Mobile on Monday announced a $3.5 billion 5G equipment deal with Finland’s Nokia to source network equipment for 5G launches across the nation. This is the world’s largest 5G deal so far.

T-Mobile will be introducing 5G across 600 MHz and millimeter wave spectrum. In addition to building out 5G on 600 MHz, T-Mobile aims to bring 5G to 30 cities in 2018 using both 600 MHz and millimeter wave spectrum. The network will use 4G and 5G bandwidths and will be ready for bringing 5G smartphones in 2019.