For 2018, T-Mobile projected postpaid net customer additions of 2 million to 3 million.
This number might sound familiar, but that is because T-Mobile US made a decision to purposely leak the gains a couple of weeks ago, but now it is official as the company reports its quarterly earnings. Churn for postpaid phones came in at 1.18 percent in the fourth quarter.
T-Mobile reported another big quarter this morning, maintaining its momentum against larger wireless carriers Verizon and AT&T and wrapping up a tumultuous year in which the nation's third-largest wireless company again tried unsuccessfully to merge with Sprint, its smaller rival.
T-Mobile US had previously released preliminary customer numbers for the quarter and released its full results for the quarter and year today.
The additional postpaid customers included 891,000 branded postpaid phones, and the company also reported 149,000 branded prepaid net additions and 1.9 million total net additions in the fourth quarter.
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Bellevue, Washington-based T-Mobile said its customer base has increased by more than 39 million in total - more than doubling in size over the past five years. "Our business is clearly firing on all cylinders and our strong guidance for 2018 shows that we have no plans of letting up!"
T-Mobile US said it expanded its LTE coverage to 322 million people by the end of 2017. Finally, using its 600 MHz spectrum holdings, T-Mobile US will seek to deploy the country's first nationwide 5G network by 2020. This is another area where T-Mobile doesn't seem to disappoint either.
For the quarter, service revenues advanced 7.1 percent from the year before to a record Dollars 7.8 billion, while total revenues rose 5.1 percent to USD 10.8 billion. Two 600 MHz compatible devices were available for the 2017 holiday season; a dozen compatible smartphones will be rolled out this year. The T-Mobile 4G network does not cover every single customer as it stands, but the ones it does serve it serves well.
T-Mobile is now holding a conference call to discuss its Q4 2017 and full year results.