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T-Mobile subscribers may be shocked after learning of its new achievement

Posted on by angelo
T-Mobile subscribers may be shocked after learning of its new achievement

With all the hype surrounding T-Mobile’s decision to raise prices on plans that were supposed to be locked in, you’d think its ability to attract new customers would be hurt. Far from it: The company is expected to report subscriber growth that outpaces its competitors during the second-quarter earnings season, beating its performance from the previous quarter. The mobile industry saw steady customer growth in the second quarter, according to some financial analysts, so carriers will likely report increases in average revenue per user (ARPU) and free cash flow (FCF) growth when they report their financial results.

T Mobilewhich has gained market share every quarter since acquiring Sprint, is expected to lead the industry in the second quarter with the largest number of net new postpaid phone customers. Evercore analysts estimate the company will add 650,000 postpaid phone customers in the second quarter.

According to analysts at New Street Research, T MobileU.S. economic growth has begun to slow in major markets, but this has been offset by growth in smaller markets.

AT&T is expected to add 260,000 new postpaid customers, down from the first quarter.

Verizon, which recently changed its name, is expected to add 125,000 new customers. That’s an improvement over the first quarter, when the company lost customers. The company’s new $10-a-month offer for a second phone number seems to be working for it.

While these numbers may sound promising, growth in the wireless sector is slowing. In total, new postpaid customers were estimated at 1.85 million in the second quarter of the year, down 11% from the same quarter last year.

Cable companies such as Altice, Comcast and Charter Communications will likely account for nearly half of net customer additions in the wireless sector.

The third quarter could bring new challenges for the industry. For example, the Affordable Connectivity Program (ACP), which made internet affordable for 23 million low-income households in the United States, has ended. After monthly bills increase, some customers may cancel their subscriptions.

Some carriers could also lose customers when new iPhones come out later this year. While upgrade rates have been low in recent years, Apple Intelligence is expected to trigger a supercycle for Apple. Given that customers often switch carriers when they buy a new phone, September could be a tough time for some carriers. AT&T is likely the most at risk because it has many iPhone users on its network.