T-Mobile has released its latest financial results for the second quarter of 2014, the company has managed to add an impressive 1.5 million new customers to its network.
The company also managed to make a profit in its latest financial quarter of $391 million, which was way ahead of projections, and a major change for the previous quarters $54 million loss.
T-Mobile reported 1.5 million total net customer additions with over 1.0 million total branded net customer additions for the quarter, including branded postpaid net additions of 908,000 and branded prepaid net additions of 102,000. The strong branded postpaid net addition performance resulted from continued momentum in gross additions, which were up 30% year-over-year, and ongoing stability in branded postpaid phone churn, which was 1.5% in the quarter, flat quarter-over-quarter and year-over-year.
The company now has more than 50 million customers, and has managed to add more than a million customers each quarter for the last five quarters.
The majority of the profit made by T-Mobile in their latest financial quarter was due to a spectrum license deal with Verizon Wireless, the company made a total gain from the deal of $731 million, according to re/code.
The company has continued to increase its subscribers with its range of Uncarrier offerings, and it will be interesting to see where they are at by the end of the year.
Source TechmemeFiled Under: Mobile Phone News, Technology News