Angela Lang / CNET
T-Mobile beat analysts’ estimates for the first quarter of 2021 as the company continues to add subscribers and expand its 5G network.
On Tuesday, the country’s second largest airline reported earnings per share of 74 cents on sales of nearly $ 19.8 billion. Analysts polled by Yahoo Finance expected earnings per share of 57 cents and sales of 18.9 billion US dollars.
Cut the chatter
Subscribe to CNET’s Mobile Newsletter for the latest phone news and reviews.
The airline added 1.4 million customers, with a net increase of 1.2 million after receipt of payment. Of this postpaid group, 773,000 were telephone subscribers. Postpaid customers who pay at the end of the month are rated higher by the investment community as a key metric for the success of mobile operators.
The first quarter results come after a strong 2020 year-end for the company thatthat 824,000 telephone customers were added in the fourth quarter. T-Mobile now has 103.4 million customers as it continues to grow after a busy year that saw the company transition to Mike Sievert as CEO and complete the merger with Sprint.
T-Mobile has been working on moving customers from the older Sprint network to its own. It was like that last monthAccording to the network operator, almost 50 percent of Sprint customer traffic has moved to T-Mobile’s network, while around 20 percent of Sprint users have moved to T-Mobile’s network.
The airline now expects greater synergies from the merger and increases its forecast for 2021 to between $ 2.8 billion and $ 3.1 billion. The company had previously expected synergies of $ 2.7 billion to $ 3.0 billion.
In addition to providing the updated financial data, T-Mobile’s 5G low-band extended range network now covers 295 million people, while the faster 5G medium-band offering (part of what is known as “Ultra Capacity 5G”) reaches 140 million people . The airline has announced that it will serve 200 million people with Midband 5G by the end of 2021.