T-Mobile’s Prepaid Net Additions: Expectations in Q1



T-Mobile’s prepaid customers

In this part, we’ll discuss the kind of prepaid customer net additions that we could expect from T-Mobile (TMUS). Analysts expect 120,000 prepaid subscriber net additions from T-Mobile in the first quarter—compared to 199,000 net additions in the first quarter of 2018.

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In the fourth quarter of 2018, T-Mobile gained 135,000 net prepaid customers compared to 149,000 net additions in the fourth quarter of 2017. The company’s prepaid subscribers rose ~2.3% YoY (year-over-year) to 21.1 million as of December 31, 2018. Sprint’s (S) prepaid subscribers fell ~1.7% YoY to 8.8 million. AT&T’s (T) prepaid subscribers increased ~10.9% YoY to 17.0 million. Verizon’s (VZ) prepaid customers fell ~14.0% YoY to 4.6 million as of December 31, 2018.

Peer comparison

Verizon is expected to report 250,000 prepaid customer net losses in the first quarter. AT&T is expected to report 50,000 prepaid customer net additions. Sprint is expected to report 165,000 prepaid customer net losses in the same quarter.


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