Use our mobile site at: m.ITbriefing.net    Follow ITbriefing.net: Follow ITbriefing on Twitter   Follow ITbriefing via Facebook   Follow ITbriefing via RSS 
T-Mobile Adds over 5 Million Customers for the Fourth Year in a Row, Stock Repurchase Program off to a Strong Start


 Tags:   News: Phones                This was published: 9 Jan 2018 - 12:46 pm         Print article: Printer friendly page
          

T-Mobile Adds over 5 Million Customers for the Fourth Year in a Row, Stock Repurchase Program off to a Strong Start - on DefenceBriefing.net

T-Mobile US, Inc. (NASDAQ-NMS: TMUS) today provided a preliminary view of key customer results for the fourth quarter and full-year 2017 as well as an update on its stock repurchase program for the fourth quarter of 2017.



"The most passionate, customer-obsessed team in the wireless industry just delivered its 19th quarter in a row with more than a million nets! It’s incredible,” said John Legere, President and CEO of T-Mobile. “It just proves that putting customers first quarter after quarter and delivering on our promise of the fastest 4G LTE network in the country is a winning combination for everyone! In 2017, more than 5 million customers came to the Un-carrier for more choice and a better wireless experience. These results speak for themselves and we are ready to continue the fight for consumers in 2018!"

Preliminary Fourth Quarter and Full-Year 2017 Customer Results

In the fourth quarter of 2017, T-Mobile added approximately 1.9 million total net customers, bringing its total customer count to nearly 72.6 million at year-end 2017. This marks the 19th consecutive quarter that T-Mobile has generated more than 1 million total net customer additions. Full-year 2017 also marked the fourth consecutive year that T-Mobile added more than 5 million net customers.

Over the past five years, T-Mobile’s reported customer base has increased by more than 39 million in total.

T-Mobile also saw continued strength in branded postpaid customers, reporting net customer additions of 1.1 million in the fourth quarter of 2017. Branded postpaid phone net customer additions were 891,000 in the fourth quarter of 2017. This is expected to be the sixteenth consecutive quarter in which T-Mobile has led the industry in branded postpaid phone net customer additions. For full-year 2017, we added over 3.6 million branded postpaid net customers, coming in at the top of the revised guidance range for branded postpaid net customer additions of 3.3 to 3.6 million.

Branded prepaid net customer additions in the fourth quarter of 2017 were 149,000. For full-year 2017, we added 855,000 branded prepaid net customers, primarily driven by the continued success of our MetroPCS brand. Migrations to branded postpaid plans reduced branded prepaid net customer additions by approximately 180,000 in the fourth quarter of 2017 and 700,000 for full-year 2017.

Wholesale net customer additions were 633,000 in the fourth quarter of 2017 and 1.2 million for full-year 2017.

Branded postpaid phone churn was 1.18% in the fourth quarter of 2017, down 10 basis points year-over-year and down 5 basis points sequentially. This represents T-Mobile's best-ever fourth quarter branded postpaid phone churn result.

Branded prepaid churn was 4.00% in the fourth quarter of 2017, up 6 basis points year-over-year and down 25 basis points sequentially.

Stock Repurchase Program

On December 6, 2017, we announced our Board of Directors authorized a stock repurchase program for up to $1.5 billion of our common stock through December 31, 2018. The repurchase program does not obligate us to acquire any particular amount of common stock, and the repurchase program may be suspended or discontinued at any time at our discretion. Repurchased shares are retired.

During 2017, we repurchased approximately 7.0 million shares at an average price per share of $63.34 for a total purchase price of approximately $444 million. The maximum approximate dollar value of shares that may yet be purchased under the program was $1.1 billion as of December 31, 2017.

We also understand that Deutsche Telekom AG, our majority stockholder, or its affiliates, is considering plans to purchase additional shares of our common stock. Such purchases would likely take place through December 31, 2018, all in accordance with the rules of the Securities and Exchange Commission and other applicable legal requirements.

Preliminary Customer Results

Our customer results for the fourth quarter and full-year 2017 are preliminary and subject to completion of our year-end closing review procedures. America’s Un-carrier plans to share more details and its full financial results for the fourth quarter and full-year 2017 in February 2018.

      As of       % Change
(in thousands)

December 31,
2017

     

September 30,
2017

     

December 31,
2016

Qtr/Qtr       Year/Year
Customers, end of period
Branded postpaid phone customers (1) 34,114 33,223 31,297 3 % 9 %
Branded postpaid other customers (1) 3,933   3,752   3,130   5 % 26 %
Total branded postpaid customers 38,047 36,975 34,427 3 % 11 %
Branded prepaid customers 20,668   20,519   19,813   1 % 4 %
Total branded customers 58,715 57,494 54,240 2 % 8 %
Wholesale customers(2) 13,870   13,237   17,215   5 % (19 )%
Total customers, end of period 72,585   70,731   71,455   3 % 2 %
 
(1)     During 2017, we retitled our “Branded postpaid mobile broadband customers” category to “Branded postpaid other customers” and reclassified DIGITS customers from our “Branded postpaid phone customers” category for the second quarter of 2017, when the DIGITS product was released.
 
(2) We believe current and future regulatory changes have made the Lifeline program offered by our wholesale partners uneconomical. We will continue to support our wholesale partners offering the Lifeline program, but have excluded the Lifeline customers from our reported wholesale subscriber base resulting in the removal of 160,000 and 4,528,000 reported wholesale customers in the third quarter of 2017 and for full-year 2017, respectively. No further Lifeline adjustments are expected in future periods.
 
      Quarter     % Change     Year Ended     % Change
(in thousands) Q4 2017     Q3 2017     Q4 2016 Qtr/Qtr     Year/Year 2017     2016 2017 vs 2016
Net customer additions

Branded postpaid phone customers(1)

891 595 933 50 % (5 )% 2,817 3,307 (15 )%

Branded postpaid other customers(1)

181   222   264   (18 )% (31 )% 803   790   2 %
Total branded postpaid customers 1,072 817 1,197 31 % (10 )% 3,620 4,097 (12 )%
Branded prepaid customers 149   226   541   (34 )% (72 )% 855   2,508   (66 )%
Total branded customers 1,221 1,043 1,738 17 % (30 )% 4,475 6,605 (32 )%

Wholesale customers(2)

633   286   363   121 % 74 % 1,183   1,568   (25 )%
Total net customer additions 1,854   1,329   2,101   40 % (12 )% 5,658   8,173   (31 )%
 
(1)     During 2017, we retitled our “Branded postpaid mobile broadband customers” category to “Branded postpaid other customers” and reclassified DIGITS customer net additions from our “Branded postpaid phone customers” category for the second quarter of 2017, when the DIGITS product was released.
 
(2) Net customer activity for Lifeline was excluded beginning in the second quarter of 2017 due to our determination based upon changes in the applicable government regulations that the Lifeline program offered by our wholesale partners is uneconomical.
 
      Quarter       Qtr/Qtr       Year/Year
Q4 2017       Q3 2017       Q4 2016
Branded postpaid phone churn 1.18 % 1.23 % 1.28 % -5 bps -10 bps
Branded prepaid churn 4.00 % 4.25 % 3.94 % -25 bps 6 bps
 

T-Mobile Social Media

Investors and others should note that we announce material financial and operational information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We intend to also use the @TMobileIR Twitter account (https://twitter.com/TMobileIR) and the @JohnLegere Twitter (https://twitter.com/JohnLegere), Facebook and Periscope accounts, which Mr. Legere also uses as a means for personal communications and observations, as means of disclosing information about the Company and its services and for complying with its disclosure obligations under Regulation FD. The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our investor relations website.

Article source - Business Wire, all right reserved. Copyright 2018
Trademarks, logos, pictures and other items may be copyright of firms mentioned in this article.




Further information:
Organisation name:    T-Mobile US, Inc.
Organisation stock symbol: NASDAQ:TMUS


Latest stock price data for NASDAQ:TMUS

 


Other related articles, tagged News: Phones

· Mars Reel Enters Strategic Partnership with LeBron James and Maverick Carter’s Digital Media Company UNINTERRUPTED   (01/19/18)
· The Design Automation Conference Adds a Design Infrastructure Alley, Broadening the 2018 Exhibition Lineup   (01/19/18)
· Absolute Declares Quarterly Dividend   (01/19/18)
· Two Bit Circus Premieres VR Cinema at the 2018 edition of New Frontier at Sundance Film Festival   (01/19/18)
· Plan2Account Revolutionizes Healthcare Technology with Blockchain   (01/19/18)
· Global Unified Communication and Business Headsets Market 2017-2023 by Type and End-User - ResearchAndMarkets.com   (01/19/18)
· The Escape Pod Promotes Celia Jones to Chief Executive Officer   (01/19/18)
· Promethieus Launch is Tied to SHD Smart Home’s Use of Blockchain Security for Internet of Things Products   (01/19/18)
· Eaton Named to FORTUNE’s 2018 World’s Most Admired Companies List   (01/19/18)
· Challenger Center to Work with International Space Station Astronauts to Complete Christa McAuliffe’s Planned Lessons   (01/19/18)

>>>More articles  >>>

Latest tech videos:



· Mars Reel Enters Strategic Partnership with LeBron James and Maverick Carter"s Digital Media Company UNINTERRUPTED (2018-01-19 23:06)
Mars Reel Enters Strategic Partnership with LeBron James and Maverick Carter’s Digital Media Company UNINTERRUPTED - on DefenceBriefing.net

Mars Reel, a leading provider of premium coverage of the most exciting athletes and teams in high school basketball, has aligned with digital media company UNINTERRUPTED to continue its growth and extend its brand into broader development, distribution, and storytelling opportunities. The rapidly growing company has also recently secured $2.7 million in financing as part of an initial $4.7 million round of funding from influential investors, including LeBron James, Maverick Carter, hip-hop artist Nas, Translation founder and CEO Steve Stoute, former global chief of AMC, Sundance and MGM Bruce Tuchman, and Lead Investor Robert Hisaoka.


· The Design Automation Conference Adds a Design Infrastructure Alley, Broadening the 2018 Exhibition Lineup (2018-01-19 21:46)
The Design Automation Conference Adds a Design Infrastructure Alley, Broadening the 2018 Exhibition Lineup - on DefenceBriefing.net

The Design Automation Conference (DAC), the premier conference devoted to the design of electronic circuits and systems, will this year showcase exhibits and presentations centered on information technology (IT) infrastructure, which is a crucial element in the creation of electronic systems and components. Behind the scenes of every electronic product design effort is a team of professionals, using sophisticated hardware and software, that ensures that the computing bandwidth, availability, licensing, security and storage needs are in place so that project teams can execute. The design infrastructure ecosystem is made up of IT and design professionals who manage these complex computing resources and the hardware and software products and services that are required so that design teams can accomplish their mission.


· Absolute Declares Quarterly Dividend (2018-01-19 21:26)
Absolute Declares Quarterly Dividend - on DefenceBriefing.net

Absolute®, the endpoint visibility and control company, today announced that its Board of Directors declared a quarterly dividend of CAD$0.08 per share on its common shares, payable in cash on February 23, 2018 to shareholders of record at the close of business on February 2, 2018.


· Two Bit Circus Premieres VR Cinema at the 2018 edition of New Frontier at Sundance Film Festival (2018-01-19 21:26)

Today Two Bit Circus, an experiential entertainment company, premieres a VR Cinema at the 2018 edition of New Frontier at the Sundance Film Festival, January 18-28 in Park City, Utah. The VR Cinema will feature the official New Frontier Mobile VR lineup.


· Plan2Account Revolutionizes Healthcare Technology with Blockchain (2018-01-19 20:06)
Plan2Account Revolutionizes Healthcare Technology with Blockchain - on DefenceBriefing.net

Plan2Account, an innovator of asset recovery in the healthcare industry, is revolutionizing healthcare technology through utilization of blockchain to improve Payor contracts and eligibility platforms. Blockchain, the very same technology that makes Bitcoin’s security code structurally sound, is the framework of Plan2Account’s (P2A) server.


· The Escape Pod Promotes Celia Jones to Chief Executive Officer (2018-01-19 18:46)
The Escape Pod Promotes Celia Jones to Chief Executive Officer - on DefenceBriefing.net

Independent agency The Escape Pod announced today that it has promoted Celia Jones to Chief Executive Officer. In this role, Jones will be charged with stewarding The Escape Pod’s next phase of growth, elevating its integrated capabilities, identifying new revenue streams, and attracting top talent to build on the agency’s unique culture of creativity and independence. Jones will report to Norm Bilow, Co-founder and Managing Director of The Escape Pod Group, which also encompasses digital agency ORA Interactive, experiential agency OutCold, Gravity Well editorial and creative staffing service GoShortlist.com.


· Promethieus Launch is Tied to SHD Smart Home"s Use of Blockchain Security for Internet of Things Products (2018-01-19 18:26)
Promethieus Launch is Tied to SHD Smart Home’s Use of Blockchain Security for Internet of Things Products - on DefenceBriefing.net

Lomiko Metals Inc. (“Lomiko”) (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) announces details of the strategy for 25% owned Promethieus Cryptocurrency Mining Corporation (“Promethieus” or “the Company”) www.promethieus.com, a cutting-edge cryptocurrency mining company and 25% owned subsidiary SHD Smart Home Devices Corporation (“SHD Devices”) www.shddevices.com, an Internet of Things (“IoT”) Company. Promethieus has posted a downloadable PowerPoint that describes key aspects of the company under Quicklinks.


· Eaton Named to FORTUNE"s 2018 World"s Most Admired Companies List (2018-01-19 18:26)
Eaton Named to FORTUNE’s 2018 World’s Most Admired Companies List - on DefenceBriefing.net

Power management company Eaton today was named one of the World’s Most Admired Companies by FORTUNE magazine.


· Challenger Center to Work with International Space Station Astronauts to Complete Christa McAuliffe"s Planned Lessons (2018-01-19 18:06)
Challenger Center to Work with International Space Station Astronauts to Complete Christa McAuliffe’s Planned Lessons - on DefenceBriefing.net

Challenger Center, a leading science, technology, engineering and math (STEM) education organization, today announced that several of the lessons Christa McAuliffe planned to perform aboard the Challenger shuttle during the Teacher in Space mission will be completed aboard the International Space Station (ISS) this year. Challenger Center, in collaboration with NASA and STEM on Station, will work with astronauts Joe Acaba, currently aboard the ISS, and Ricky Arnold, scheduled to arrive in March, to film the lessons.


· Arrow Electronics Again Named to FORTUNE"s Most Admired Companies List (2018-01-19 17:26)
Arrow Electronics Again Named to FORTUNE’s Most Admired Companies List - on DefenceBriefing.net

FORTUNE today named global technology-solutions provider Arrow Electronics, Inc. (NYSE: ARW) to its “World’s Most Admired Companies” list for the 18th time. For the fifth consecutive year, Arrow placed first in the “Wholesalers: Electronics and Office Equipment” category based on input from industry executives, directors and analysts.


· Barrow Neurological Institute, IBM, MDSL and Raytheon Executives Elected to Arizona Technology Council"s Board of Directors (2018-01-19 17:26)
Barrow Neurological Institute, IBM, MDSL and Raytheon Executives Elected to Arizona Technology Council’s Board of Directors - on DefenceBriefing.net

The Arizona Technology Council today announced it has appointed Dr. Randall Porter, director, Barrow Acoustic Neuroma Center; Daman Wood, COO, MDSL; Calline Sanchez, vice president, IBM; and Eugene Jaramillo, deputy to the vice president of RMS supply chain management, Raytheon Missile Systems, to its board of directors. All four were elected unanimously to serve three-year terms at the Council’s quarterly board meeting held January 18.


· Linda Sarsour, Women"s March Co-Chair and Prolific Muslim-American Feminist Activist, Brings Her Voice to Maven"s Diverse Coalition (2018-01-19 17:06)

Feminist and civil rights activist Linda Sarsour, the co-chair of the Women’s March, is bringing her commentary to digital media network Maven (ticker symbol MVEN).


· CITE 2018 Launched "China Night” in Las Vegas before CES 2018 (2018-01-19 17:06)
CITE 2018 Launched “China Night” in Las Vegas before CES 2018 - on DefenceBriefing.net

This year CES was jokingly said to be short for “China Electronics Show”, for around 1/3 of its exhibitors were from China. However, the real China electronics show would be CITE (China Information Technology Expo), which is the largest comprehensive electronic information show in Asia and is expected to gather approximately 2,000 Chinese innovative enterprises in Shenzhen on April 9-11 this year. On January 8, CITE joined hands with China’s Consulate General in San Francisco to hold the “China Night” in Bellagio Las Vegas Hotel to increase CITE’s brand awareness and promote the exhibitors’ technologies and applications.


· SC Media Announces 2018 SC Awards Finalists (2018-01-19 16:26)

SC Media has announced the finalists for the 2018 SC Awards. Now in its 21st year, SC Awards is recognized as the industry gold standard of accomplishment for cybersecurity professionals, organizations, products and services. The finalists were chosen by an expert panel of judges with extensive knowledge and experience in the cybersecurity industry. Winners will be announced at the SC Awards gala on April 17, 2018 in San Francisco.


· Turkcell Will Play an Active Role in Setting Global 5G Standards (2018-01-19 16:26)
Turkcell Will Play an Active Role in Setting Global 5G Standards - on DefenceBriefing.net

Turkcell (NYSE: TKC) (BIST:TCELL) has become a member of 3GPP, the most influential global organization in developing the standards in 5G, which is targeted for commercial launch in 2020. By becoming a member of 3GPP, Turkcell will assume an active role aiming at remarkable contributions in the development phases of 5G, viewed as the technology of the future. Turkcell’s many years of experience will be instrumental in 5G standardization activities along with other global players.


· Telecommunications Service Network Has Licensed SPIRIT DSP Mobile Software Video Engine (2018-01-19 16:26)
Telecommunications Service Network Has Licensed SPIRIT DSP Mobile Software Video Engine - on DefenceBriefing.net

SPIRIT DSP, mobile voice and video over IP software engines provider, with software products serving more than 1 billion people in 100+ countries, announces today that Telecommunications Service Network (TSN), VoIP carrier focused on international wholesale and retail voice terminations and switch partitioning, has licensed SPIRIT DSP mobile software video engine.


· ScanSource Named to FORTUNE Magazine"s 2018 List of "World"s Most Admired Companies" (2018-01-19 16:26)
ScanSource Named to FORTUNE Magazine’s 2018 List of ‘World’s Most Admired Companies’ - on DefenceBriefing.net

ScanSource, Inc., (NASDAQ-NMS: SCSC), a leading global provider of technology products and solutions, today announced that it has been named to FORTUNE magazine’s 2018 List of World’s Most Admired Companies. The annual survey, which is given to thousands of senior executives, directors and financial analysts from more than 600 global companies, identifies the organizations with the strongest reputations within their industries and across industries.




© Website copyright Incandore Limited 2012. All rights reserved. All content copyrights / trademarks remain the property of their respective owners.