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T-Mobile leads the packAdds almost 1M postpaid customers

T-Mobile's postpaid revenue boosts $12M in revenue and netting $2B in net income.

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Highlights

  • T-Mobile leads the industry with 934,000 postpaid phone net additions in Q4 2023, surpassing analyst expectations.
  • Postpaid service revenues hit over $12 million, with net income reaching $2 billion in the same period.
  • The company shows robust growth in its fixed wireless access (FWA) service, adding 541,000 high-speed internet customers.
  • CEO Mike Sievert teases future growth and the potential of the Mint Mobile acquisition and partnership with SpaceX for satellite communications.

In a display of unmatched growth and potential, T-Mobile has once again outperformed its competitors and analyst expectations in the fourth quarter of 2023. The wireless carrier reported an impressive 934,000 postpaid phone net additions, a clear indication of its continued dominance in the market.

Under the leadership of CEO Mike Sievert, T-Mobile not only boasted significant financial achievements - with postpaid service revenues topping $12 million and net income soaring to $2 billion - but also hinted at an ambitious future filled with innovation and expansion. "We're entering a phase of enormous value creation," Sievert proclaimed, signaling exciting developments ahead for the "un-carrier."

T-Mobile's performance remained strong, overshadowing its rivals. AT&T and Verizon reported significantly lower postpaid phone net additions in the same quarter, underscoring T-Mobile's growing influence in the wireless sector.

T-Mobile's prowess extends beyond traditional mobile services to its FWA offering, which saw the addition of 541,000 high-speed internet customers in Q4 2023. This growth brings the total FWA customer base to 4.8 million by year's end, with expectations to reach 7 million to 8 million by the end of 2025.

The company's strategic moves, including the anticipated acquisition of Mint Mobile and a groundbreaking partnership with SpaceX for satellite-to-cellular communications, showcase T-Mobile's commitment to innovation and market leadership. These initiatives promise to enhance T-Mobile's service offerings and customer experience significantly. But at what price?


My take

As I've watched the industry evolve over the years, T-Mobile's latest achievements reflect not just its current strength in the market but also its potential for future growth.

While its appeal as the value-driven "un-carrier" has contributed to its record-breaking growth, I am concerned that some recent decisions have indicated that T-Mobile may follow brand leaders like Verizon and AT&T in putting revenue before customers' best interests.

However, I applaud the company's focus on expanding its service offerings, including the foray into FWA and satellite communications, demonstrating a forward-thinking approach that is likely to keep it ahead of the curve.

Likewise, the strategic acquisition of Mint Mobile and the partnership with SpaceX are particularly noteworthy, as they signal T-Mobile's commitment to innovation and its ability to adapt to evolving market demands. These moves could redefine the wireless landscape, offering customers more choices and better services.

While nothing has been written in stone at the time of publication, I do worry that the writing is on the wall for T-Mobile. They've hinted at price increases, so time will tell if they keep to their value-based roots or follow suit with other major carriers.


Stay tuned for more insights and analysis on the ever-changing telecom landscape at MoneySavingPro.com, and follow us on Facebook, X, and TikTok for the latest updates and discussions on topics like this.

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