Today was the Goldman Sachs 24th Annual Communacopia Conference, and during his talk, John Legere dropped some details on T-Mobile’s Q3 2015 performance and Un-carrier 10.0.
Legere revealed that so far in Q3 2015, T-Mobile has more than 2.1 million net additions. Of those net adds, T-Mo has already matched the 1 million postpaid net adds and 760,000 postpaid phone adds that it reported in Q2 2015. Legere also revealed that T-Mo already has three times the prepaid net adds that it saw in Q2 2015 when it added 178,000 prepaid customers.
There are 12 days left in Q3 2015, meaning that the quarter will come to an end on September 30. Legere says that in 5 of the last 7 quarters, T-Mobile has added at least 2 million total customers, so it’s looking like Q3 2015 could be another solid one for Team Magenta.
As for what he attributes to T-Mobile’s success, Legere says that T-Mobile is listening to its customers and that T-Mo continues to stick to its Un-carrier plan, which is “to fix and change a broken and arrogant industry.” He also said that AT&T and Verizon are “not adapting to anything” and that they’re being dragged “kicking and screaming” into making these changes.
Looking at T-Mobile’s network, CTO Neville Ray says that LTE covers 293 million POPs and that that number will grow to 300 million by year’s end. So far in 2015, T-Mo has added 400,000 square miles of LTE coverage, with another 600,000 expected to be added in 2015, most of which will be 700MHz coverage deployed in rural areas.
Legere reiterated that T-Mobile plans to be “very aggressive” in next year’s 600MHz spectrum auction. T-Mobile CFO Braxton Carter says that T-Mo has met with the three major credit ratings agencies and has determined that T-Mobile can take on new debt to finance the purchase of 600MHz spectrum without any ill effects.
Finally, Legere teased Un-carrier 10.0 by simply saying that it’s “coming soon to a theater near you.” Any guesses as to what T-Mobile might have planned for its next Un-carrier move?
Source: FierceWireless