T-Mobile added 1.9 million new connections in Q4 2017 and 5.7 million in 2017, thanks to its cost effective data plans and marketing campaigns to beat Verizon, Sprint and AT&T in the USA wireless market.
Adjusted EBITDA of the telecom operator was $2.7 billion in Q4 2017 and $11.2 billion in 2017.
Of revenue that rose 5.1% to a record $10.76B, service revenues increased 7.1% to a best-ever $7.76B. Branded postpaid net adds were 1.1M; branded postpaid phone net adds came to 891,000.
-T-Mobile US initiatede a share buyback late past year and as of February 5th, had bought back 12.3 million shares for $783 million.
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The increase in adjusted EBITDA to $2.7 billion in Q4 2017 and to $11.2 billion in 2017 was due to strong cost performance.
Free cash flow, meanwhile, jumped by more than 50 percent year-over-year to $1.1 billion.
John Legere, T-Mobile CEO, said in a statement that the company "made incredible progress in 2017 building out our network and retail footprint to set ourselves up for future growth". The total base reached 72.585 million customers. A couple of weeks ago, Opensignal released its "State of Mobile Networks: USA" report for January with T-Mobile nearly taking a clean sweep of the awards for network performance.
For the full calendar year, T-Mobile officials touted the addition of more than 5 million customers for the fourth consecutive year in 2017, including 3.6 million net postpaid customers.
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-T-Mobile US is "off to a running start" on its 600 MHz deployment, Legere said, and covers 586 cities and towns in 28 states; its geographic range is 300,000 square miles, he addded. This is another area where T-Mobile doesn't seem to disappoint either. Two 600 MHz compatible devices were available for the 2017 holiday season; a dozen compatible smartphones will be rolled out this year.
Net income grew YoY, too, to finish at $2.7 billion, which T-Mobile attributes to factors like the Tax Cuts Jobs Act and after-tax spectrum gains.
-Revenue (Q4): $10.76 Bln vs. $10.23 Bln past year.
AT&T and Verizon have already announced their 5G network plans for the current year by focusing on fixed wireless networks and mobile Internet.
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