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

· Maxar Technologies’ DigitalGlobe Integrates Highest Resolution Satellite Imagery from WorldView-4 into SecureWatch™ and Celebrates 20th Defense and Intelligence Subscriber to the GEOINT Platform   (04/22/18)
· Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA   (04/22/18)
· FIRST® Kicks Off World’s Largest Celebration of Young Innovators and Changemakers   (04/22/18)
· 19 California Schools & Community Centers to Receive Volunteer Makeovers as Part of 17th Annual “Comcast Cares Day”   (04/21/18)
· More Than 5,000 Volunteers to Support Nearly 60 Community Projects across Colorado on Comcast Cares Day   (04/21/18)
· Grid-connected PV Systems Market - Growth Analysis and Forecast | Technavio   (04/21/18)
· Global Educational Robots Market - Entry of Global Industry Players to Boost Growth | Technavio   (04/21/18)
· RSA Conference 2018 Closes 27th Year Bringing Top Information Security Experts Together to Debate Critical Cybersecurity Issues   (04/21/18)
· SmugMug Announces Intent to Acquire Flickr   (04/21/18)
· ADTRAN Appoints John Neville as Senior Vice President of Sales   (04/20/18)

>>>More articles  >>>

Latest tech videos:



· Maxar Technologies" DigitalGlobe Integrates Highest Resolution Satellite Imagery from WorldView-4 into SecureWatch™ and Celebrates 20th Defense and Intelligence Subscriber to the GEOINT Platform (2018-04-22 13:26)

DigitalGlobe, a Maxar Technologies company (formerly MacDonald, Dettwiler and Associates Ltd.) (NYSE: MAXR; TSX: MAXR), announced today that with the complete integration of DigitalGlobe’s WorldView-4 satellite imagery into SecureWatch, the company’s powerful, cloud-based geospatial intelligence (GEOINT) platform, customers can now access more of the world’s highest resolution satellite imagery.


· Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA (2018-04-22 11:26)
Jade Global to Exhibit at COLLABORATE 18: Technology and Applications Forum for the Oracle Community in Las Vegas, Nevada USA - on DefenceBriefing.net

Who: Jade Global, a leading enterprise technology partner for Oracle Cloud integration, consulting & IT outsourcing, will be sponsoring and exhibiting at the COLLABORATE 18 Conference on April 22-26th 2018 at the Mandalay Bay Resort and Casino, Las Vegas. COLLABORATE 18 is a technology and applications forum for the Oracle community packed with hundreds of real-world case studies and 1,200+ panels by and for Oracle users. This high-energy conference is designed to provide in-depth education and training. Jade Global will be located at Booth 1012 in the Exhibition showcase, where you can meet their Oracle subject matter experts and learn about Jade Global’s extensive portfolio of Oracle services and solutions including Financials, Revenue Management, Enterprise Resource Planning (ERP), Supply Chain Management (SCM), Human Capital Management (HCM), Product Lifecycle Management (PLM), Project Portfolio Management (PPM), Warehouse Management (WMS), Enterprise Performance Management (EPM), Business Intelligence (BI) and PAAS both on Cloud and on-premise environments.


· FIRST® Kicks Off World"s Largest Celebration of Young Innovators and Changemakers (2018-04-22 07:06)
FIRST® Kicks Off World’s Largest Celebration of Young Innovators and Changemakers - on DefenceBriefing.net

This week, more than 15,000 students from around the world traveled to Houston, putting their innovation skills to the test at the annual FIRST Championship Presented by Qualcomm® Incorporated, held at the George R. Brown Convention Center, Minute Maid Park and Discovery Green.


· 19 California Schools & Community Centers to Receive Volunteer Makeovers as Part of 17th Annual "Comcast Cares Day” (2018-04-21 16:26)

On Saturday, April 21, more than 5,000 local Comcast NBCUniversal employees and their families, friends and community partners will “make change happen” as they volunteer to improve 19 California schools and community centers as part of the 17th annual Comcast Cares Day. This year, volunteers from the Northern Bay Area down to the Central Valley also are part of and celebrate a significant milestone of Comcast Cares Day – reaching 1 million volunteers since the program began in 2001.


· More Than 5,000 Volunteers to Support Nearly 60 Community Projects across Colorado on Comcast Cares Day (2018-04-21 14:26)
More Than 5,000 Volunteers to Support Nearly 60 Community Projects across Colorado on Comcast Cares Day - on DefenceBriefing.net

On Saturday, April 21, more than 5,000 local Comcast NBCUniversal employees and their families, friends and community partners will “make change happen” as they volunteer at nearly 60 project sites in 16 cities throughout Colorado as part of the 17th annual Comcast Cares Day. This year, volunteers in Colorado will also be a part of and celebrate a significant milestone of Comcast Cares Day – reaching 1 million volunteers since the program began in 2001.


· Grid-connected PV Systems Market - Growth Analysis and Forecast | Technavio (2018-04-21 13:06)
Grid-connected PV Systems Market - Growth Analysis and Forecast | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global grid-connected PV systems market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· Global Educational Robots Market - Entry of Global Industry Players to Boost Growth | Technavio (2018-04-21 12:46)
Global Educational Robots Market - Entry of Global Industry Players to Boost Growth | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global educational robots market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· RSA Conference 2018 Closes 27th Year Bringing Top Information Security Experts Together to Debate Critical Cybersecurity Issues (2018-04-21 01:06)
RSA Conference 2018 Closes 27th Year Bringing Top Information Security Experts Together to Debate Critical Cybersecurity Issues - on DefenceBriefing.net

RSA Conference, the world’s leading information security conferences and expositions, today concluded its 27th annual event in San Francisco.


· SmugMug Announces Intent to Acquire Flickr (2018-04-21 00:06)
SmugMug Announces Intent to Acquire Flickr - on DefenceBriefing.net

SmugMug, the largest, most comprehensive, independent photo management platform in the world, today announced it has agreed to purchase Flickr, the online photo management and sharing application. Together, SmugMug and Flickr represent the world’s most influential community of photographers, marrying SmugMug’s deep industry expertise and strong digital tools with Flickr’s global tribe of tens of millions of photographers. Following the close of the transaction, the brands will continue to operate as separate entities with the shared goal of providing photographers with both a place to fit in and a place to stand out. SmugMug and Flickr believe that all photographers—from the hobbyist to the prosumer to the professional—belong together.


· ADTRAN Appoints John Neville as Senior Vice President of Sales (2018-04-20 22:46)
ADTRAN Appoints John Neville as Senior Vice President of Sales - on DefenceBriefing.net

ADTRAN®, Inc., (NASDAQ-NMS: ADTN), a leading provider of next-generation open networking solutions, today announced that John Neville has been appointed as senior vice president of sales.


· Digital Government Services Offer Added Value to Louisiana on Earth Day (2018-04-20 22:46)
Digital Government Services Offer Added Value to Louisiana on Earth Day - on DefenceBriefing.net

Louisiana residents continue to do their part this Earth Day and year-round by taking advantage of online services which help to reduce their impact on the environment. These online services are the most efficient and environmentally friendly way to get the job done and can even save residents time and money.


· ITT to Release First-Quarter Results on May 4 (2018-04-20 22:26)
ITT to Release First-Quarter Results on May 4 - on DefenceBriefing.net

ITT Inc. (NYSE: ITT) will release its first-quarter 2018 financial results at 6:45 a.m. ET, on Friday, May 4, 2018. At 9 a.m. ET, senior management will review financial and operating results, comment on current conditions and answer questions during an investor briefing.


· Absolute Declares Quarterly Dividend (2018-04-20 21:26)
Absolute Declares Quarterly Dividend - on DefenceBriefing.net

Absolute (TSX: ABT), 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 May 29, 2018 to shareholders of record at the close of business on May 8, 2018.


· Canadian Industrial Equipment Dealer Uses UltiPro Reporting to Improve Payroll Processes, Support Business Continuity Planning (2018-04-20 21:06)
Canadian Industrial Equipment Dealer Uses UltiPro Reporting to Improve Payroll Processes, Support Business Continuity Planning - on DefenceBriefing.net

Ultimate Software (NASDAQ-NMS: ULTI), a leading provider of human capital management (HCM) solutions in the cloud, announced today that SMS Equipment, a one-stop supplier of a broad range of equipment, production attachments, as well as parts and service, is using UltiPro’s reporting functionality to transform the roles and responsibilities of the Payroll department.


· Global Self-Service Kiosk Market - Overall Reduction in Operational Expenses to Boost Growth | Technavio (2018-04-20 21:06)
Global Self-Service Kiosk Market - Overall Reduction in Operational Expenses to Boost Growth | Technavio - on DefenceBriefing.net

Technavio’s latest market research report on the global self-service kiosk market provides an analysis of the most important trends expected to impact the market outlook from 2018-2022. Technavio defines an emerging trend as a factor that has the potential to significantly impact the market and contribute to its growth or decline.


· CarBlock and YourMechanic Announce Strategic Partnership to Disrupt Auto Repair Space With Blockchain Technology (2018-04-20 20:46)
CarBlock and YourMechanic Announce Strategic Partnership to Disrupt Auto Repair Space With Blockchain Technology - on DefenceBriefing.net

CarBlock, the world’s first blockchain-based transportation solution built on data generated by smart devices, is pleased to announce their new partnership with YourMechanic, the nation’s largest online marketplace for car repair services. This partnership will allow YourMechanic access to expanded vehicle data to better serve their customers and provide more accurate pricing.


· PPC Flexible Packaging Launches New Website as Part of Company Rebrand (2018-04-20 20:06)
PPC Flexible Packaging Launches New Website as Part of Company Rebrand - on DefenceBriefing.net

PPC Flexible Packaging, a leading provider of custom flexible packaging for food and healthcare industries, today announced the launch of its new website. The website redesign is part of the rebranding initiative prompted by the 2017 merger of Fisher Container, LLC (Fisher) and Packaging Products Corporation, LLC (PPC) into the new entity PPC Flexible Packaging.


· Mayor Emanuel Announces project44 to Add 200 New Tech Jobs in Chicago (2018-04-20 19:46)
Mayor Emanuel Announces project44 to Add 200 New Tech Jobs in Chicago - on DefenceBriefing.net

Mayor Rahm Emanuel today joined project44, a global logistics technology company, to announce the company plans to add 200 jobs in Chicago. To accommodate this growth, project44 is moving to a new 40,000-square-foot space in Chicago’s iconic Merchandise Mart. The news follows the company’s recent announcement it has secured $35 million in new funding to continue its growth.




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