T-Mobile Says Growth Continues, 600 MHz Deployment Progressing

T-Mobile said growth continued in Q4, with 1.9 million total net additions and 1.1 million postpaid phone adds. The carrier said it added 3.6 million postpaid phone subscribers in 2017. Postpaid churn was T-Mobile's lowest ever at 1.18 percent. CEO John Legere said the company has soared in the five years since he told CES that the carrier would “take a stand against a stupid, broken industry.” T-Mobile has gone from 33 million customers at the end of 2012 to nearly 73 million, Legere said Thursday. T-Mobile had a “lagging 3G network” then, and now has a 4G network that is “blazing fast," he said. The recently enacted Tax Cuts and Jobs Act had a net effect of $2.2 billion on earnings. After going big in the TV incentive auction, Legere said that at the end of 2017, the company had turned on its 600 MHz spectrum from the auction in parts of 28 states, covering 300,000 square miles. T-Mobile offered two 600 MHz-capable phones at the end of last year and expects to have at least 12 available this year, he said. Legere said the carrier added nearly 2,800 stores in 2017. “With a Sprint merger officially off the table for the time being, T-Mobile is focused on continuing to grow its business organically through retail and network expansion,” Technology Business Research wrote investors. “T-Mobile will sustain revenue and subscriber growth over the next two years by sticking to its core Un-carrier strategies and will capitalize on Netflix On Us to cement its position as a value leader in the U.S. postpaid market.” Craig Moffett of MoffettNathanson said T-Mobile’s stock has struggled since it called off a possible Sprint deal (see 1711060068). “Shares have nicely rebounded from their lows after the merger was called off, and have outperformed over the past three months, but over a year, they have lagged,” Moffett wrote. “Lately, they have struggled to do much more than tread water.” They closed down 5.1 percent at $58.88 as the market overall fell.