T-Mobile US announced that in the current year, it expects to
add 3.4 to 3.9 million branded customers, up from the company’s prior guidance
between 3-3.5 million that it issued in April.
Another strong quarter of subscriber growth has been reported
by the carrier and offered on profitability. Earlier this month, T-Mobile had
pre-proclaimed its subscriber results and so investors were anxious to learn
the carrier’s financials.
MoffettNathanson analyst Craig Moffett wrote in a research
note “With T-Mobile’s (blowout) subscriber growth having already been reported
for Q2, profitability was all that was left to learn today… and investors will
surely view today’s report as very good news indeed.” He also said, “Broader
profitability metrics (EBITDA, earnings, and free cash flow) were all in-line
or better.”
Speculation has rolled over whether T-Mobile and Dish Network
will cement a deal at the company’s earnings conference call. John Legere further
clarified that he is open to partnering with other distinct companies. He also
said that in the coming years, brand names such as Google and Comcast are being
introduced into the wireless market and T-Mobile has opened its door for the
partnership.
When questions were raised regarding Verizon Wireless
forthcoming over the top mobile video service that is set to debut this summer,
T-Mobile COO Mile Sievert spoke that video is essential to the company and is
considered as the top application as well as a source of traffic on T-Mobile’s
network.
He asked, “The question is this: Do people want their
wireless carriers to curate their video options?” If they do, we’ll be there.”
Sievert also said that rather than “gobbling up” companies, as Verizon has done
with AOL, T-Mobile will follow and implement according to customer expectations.
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