T-Mobile US appears once again to be capturing most of the net account growth in the U.S. mobile business in its first quarter of 2016, much as cable TV firms are gaining nearly 100 percent of the net growth in the fixed line Internet access business.
We will know for certain, soon enough, but some believe the first quarter will show that all the leading four firms gained net phone accounts.
T-Mobile US says it added 2.2 million total net adds in the first quarter of 2016 and more than one million postpaid net new accounts, of which about 877,000 were phone accounts.
T-Mobile US also had retail prepaid net growth of 807,000 accounts.
Significantly, churn rates in the key postpaid segment dropped to 1.33 percent per month.
Service revenues of $6.6 billion were up up 13 percent, year over year.
Adjusted earnings (EBITDA) of $2.7 billion was up 98.1 percent, year over year, on the strength of a gain on spectrum activities of $636 million.
Adjusted EBITDA margin--excluding the spectrum gain--grew 24 percent, year over year.
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