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T-Mobile Surpasses Sprint, Takes No. 1 Spot in Prepaid Wireless
|By Business Wire
|August 6, 2014 07:03 PM EDT
On the heels of yet another strong quarterly performance report,
T-Mobile US Inc. (NYSE:TMUS)
today announced the Un-carrier has overtaken rivals AT&T, Verizon and
Sprint to become the No.1 U.S. wireless provider in the increasingly
important prepaid mobile marketplace.
According to the most recent reported figures, T-Mobile US now boasts
15.64 million prepaid customers compared to Sprint’s 15.19 million
customers in the prepaid market. AT&T most recently reported 11.34
million prepaid customers. Verizon Wireless reports 6.04 million prepaid
“The good news just keeps on coming for T-Mobile,” said John Legere,
president and CEO of T-Mobile US, Inc. “The momentum we’re seeing with
our T-Mobile and MetroPCS brands is outstanding, and the fact that we’ve
blown by everyone to take the No.1 spot in prepaid is icing on the cake.
As a matter of fact, I’m going on record—I predict we’ll overtake
Sprint in total customers by the end of this year. Not someday. Not next
year. This year. Americans are voting with their feet, and
they’re joining this Un-carrier revolution by the millions.”
Providers have been placing increasing emphasis on this important area
of the mobile marketplace. Still, no wireless company has seen nearly
the success the Un-carrier has in this critical market.
The Un-carrier’s MetroPCS brand in particular has seen unprecedented
gains since merging with T-Mobile on May 1st of last year.
MetroPCS effectively tripled its market reach to 45 major metro areas
and nearly 10,000 stores, while migrating its customers onto America’s
fastest nationwide 4G LTE network. This aggressive expansion of markets
and coverage has led MetroPCS to grow to over 10 million customers—and
the numbers continue to climb.
In fact, with over 1.2 million new customers since this time last year,
MetroPCS has been adding customers at a rate of one customer every 27
With T-Mobile US now solidly in the lead in the important prepaid
wireless space, the Un-carrier is clearly firing on all cylinders. Since
the start of the year, T-Mobile has maintained the undisputed title of
America’s fastest nationwide 4G LTE network—as proven yet again
most recent industry-wide tests. Further, the Un-carrier now has
over 50 million customers—and shows no signs whatsoever of
slowing down. In the second quarter of 2014, T-Mobile US added 1.5
million net new customers for a fifth straight quarter with over 1
million total net new customers. And the Un-carrier again led the overall
industry in growth, beating out rivals AT&T, Verizon and Sprint.
“Not only are we seeing record growth, we’re also making huge strides on
our network and in customer support,” said Legere. “Our 4G LTE network
is still the fastest in the nation, and both T-Mobile and
MetroPCS brands have the highest J.D. Power scores for customer care in
our respective categories. Oh and today we overtook Sprint in total
market cap. Any questions?”
This news release includes "forward-looking statements" within the
meaning of the U.S. federal securities laws. Any statements made herein
that are not statements of historical fact, including statements about
T-Mobile US, Inc.'s plans, outlook, beliefs, opinion, projections,
guidance, strategy, predictions about customer growth, integration of
MetroPCS, expected network modernization and other advancements, are
forward-looking statements. Generally, forward-looking statements may be
identified by words such as "anticipate," "expect," "suggests," "plan,"
“project,” "believe," "intend," "estimates," "targets," "views," "may,"
"will," "forecast," “predict,” and other similar expressions. The
forward-looking statements speak only as of the date made, are based on
current assumptions and expectations, and involve a number of risks and
uncertainties. Important factors that could affect future results and
cause those results to differ materially from those expressed in the
forward-looking statements include, among others, the following: our
ability to compete in the highly competitive U.S. wireless
telecommunications industry; adverse conditions in the U.S. and
international economies and markets; significant capital commitments and
the capital expenditures required to effect our business plan; our
ability to adapt to future changes in technology, enhance existing
offerings, and introduce new offerings to address customers' changing
demands; changes in legal and regulatory requirements, including any
change or increase in restrictions on our ability to operate our
network; our ability to successfully maintain and improve our network,
and the possibility of incurring additional costs in doing so; major
equipment failures; severe weather conditions or other force majeure
events; and other risks described in our filings with the Securities and
Exchange Commission, including those described in our Annual Report on
Form 10-K filed with the Securities and Exchange Commission on February
25, 2014. You should not place undue reliance on these forward-looking
statements. We do not undertake to update forward-looking statements,
whether as a result of new information, future events or otherwise,
except as required by law.
About T-Mobile US, Inc.
As America's Un-carrier, T-Mobile US, Inc. (NYSE: TMUS) is redefining
the way consumers and businesses buy wireless services through leading
product and service innovation. The company's advanced nationwide 4G and
expanding 4G LTE network delivers outstanding wireless experiences for
customers who are unwilling to compromise on quality and value. Based in
Bellevue, Wash., T-Mobile US provides services through its subsidiaries
and operates its flagship brands, T-Mobile and MetroPCS. It currently
serves over 50 million wireless subscribers and provides products and
services through 70,000 points of distribution. For more information,
please visit http://www.t-mobile.com.
T-Mobile and MetroPCS have received (J.D. Power) awards for the “Highest
Ranked Customer Service Performance among Full Service and Non-Contract
Wireless Providers”, respectively.
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