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Home / Business / The new T-Mobile grew by 5.9% and is the title of the second largest wireless provider (NASDAQ: TMUS)

The new T-Mobile grew by 5.9% and is the title of the second largest wireless provider (NASDAQ: TMUS)



T mobile (NASDAQ: TMUS) Yes Increased by 5.9% The post-IPO performance after the second quarter almost reached online revenue, but EBITDA exceeded expectations, coupled with strong subscriber performance to promote it to become the country’s second largest airline.

The company’s total net subscribers reached the industry’s best 1,245,500. Among them, 1,211,000 is the net added value of postpaid.

At the same time, in the telephone business, it recorded a net increase of 253,000 postpaid calls (post-paid subscriber churn rate of 0.8%) and a net increase of 1

33,000 prepaid calls (churn rate of 2.81%). It did adjust 1.86 million post-paid users from the foundation, which is related to the acquisition of Sprint.

It said its 98.3 million total customers make it the second largest customer in the industry-catching up with AT&T (NYSE code: T) And only trailing Verizon (New York Stock Exchange: VZ).

With the help of Sprint, total revenue rose by nearly 61% to $17.67B, and total service revenue rose to $13.2B (excluding approximately $1B of Boost revenue reflected as discontinued operations).

Due to merger-related costs (approximately US$798 million before tax), the impact of COVID-19 (US$341 million before tax) and some non-cash impairments (US$418 million before tax), net income fell to US$110 million .

Net cash from operations fell to $777 million, reflecting the one-time negative impact of $2.3B, and the total payment was used to settle interest rate swaps related to the merger financing.

For the second half of the year, it expects postpaid net customers to increase by 1.7 million to $1.9 million, with EBITDA of $12.4B-$12.7B, operating cash of $5.3B-$5.7B and free cash flow of $300M-$500M.

The conference call will arrive at 4:30 pm

Press release




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