T-Mobile Q1 2017 revenues up 11% YoY

T-Mobile US, Inc. (NASDAQ: TMUS) is marking its fourth year as a public company, with first quarter 2017 additions of 1.1 million total customers, marking four straight years of adding more than a million every quarter, the company said.

In addition, it added 798,000 branded postpaid phone customers in the quarter and expect to capture over 250% of the industry´s postpaid phone growth.

The continued success at MetroPCS, the industry´s #1 prepaid brand, helped deliver 386,000 prepaid net additions. As result of the strong customer growth, it grew service revenues by 11% year-over-year in Q1 2017.

Service revenues increased 11% in Q1 2017 to USD 7.3bn. This is expected to mark the 12th consecutive quarter that T-Mobile has led the industry in year-over-year service revenue%age growth.

Total revenues increased by 11% in Q1 2017 to USD 9.6bn. This is expected to mark the 15th quarter in the past four years that T-Mobile has led the industry in total revenue percentage growth.

T-Mobile US, Inc., together with its subsidiaries, provides mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands. The company offers voice, messaging, and data services to approximately 71 million customers in the postpaid, prepaid, and wholesale markets. It also provides wireless devices, including smartphones, tablets, and other mobile communication devices, as well as accessories that are manufactured by various suppliers. The company offers services, devices, and accessories under the T-Mobile and MetroPCS brands through its owned and operated retail stores, as well as Websites. T-Mobile US, Inc. also sells its devices and accessories to dealers and other third party distributors for resale through independent third-party retail outlets and various third-party websites. The company was founded in 1994 and is headquartered in Bellevue, Washington. T-Mobile US, Inc. is as a subsidiary of Deutsche Telekom Holding B.V.