Capex (capital expenditures) of T-Mobile rose to $1.2 billion in Q2 2015 from $982 million in the first quarter of 2015 and $940 million in the second quarter of 2014 – fuelled by investment in its 4G LTE network.
T-Mobile today said its 4G LTE network will reach 300 million people by year-end 2015 from 290 million people at present.
T-Mobile is deploying Wideband LTE, while at the same time rolling out 4G LTE on its 700 MHz A-Block and 1900 MHz PCS spectrum. Wideband LTE will reach more than 250 market areas by year-end 2015 from 212 market areas currently.
The company is deploying its 700 MHz A-Block spectrum in Miami, Denver, Baltimore, Kansas City, Austin, and West Palm Beach during the second quarter of 2015, bringing the overall total to 141 market.
T-Mobile said its Capex for 2015 is expected to be in the range of $4.4 to $4.7 billion, unchanged from previous guidance.
The company said T-Mobile customer base reached 58.9 million in the second quarter of 2015 by adding 2.1 million net new customers. It added 248,000 mobile broadband customers in Q2.
T-Mobile’s total revenues grew 13.8 percent year-over-year and 5.2 percent sequentially — due to continued growth in both service revenues and equipment revenues, which grew by 19.7 percent year-over-year and 3.5 percent sequentially.
John Legere, president and CEO of T-Mobile, said: “On top of adding 2.1 million new customers in the second quarter, we delivered 14 percent year-over-year revenue growth and 25 percent year-over-year Adjusted EBITDA growth. Overall, I think our results speak for themselves.”
Net income of T-Mobile increased to $361 million against a loss of $63 million in the first quarter of 2015 and down from net income of $391 million in the second quarter of 2014.