T-Mobile picks up 1.1 million new customers in Q1 2017 as net income rises 46%
T-Mobile has announced that it picked up 1.1 million new customers — 914,000 postpaid and 386,000 prepaid additions from MetroPCS — in Q1 2017. The carrier also saw a 11% increase in overall revenue to $9.6 billion, with year-on-year net income increasing by 46% to $698 million.
The numbers underscore T-Mobile's recent momentum in what has been a highly competitive time for the wireless industry. Verizon rolled out its own unlimited plan earlier this quarter, but that didn't prevent the carrier from losing 289,000 postpaid customers.
T-Mobile says it captured 250% of the industry growth, suggesting the carrier was successful in luring customers away from its rivals. The carrier will be looking to maintain that momentum by leveraging the recently-acquired 600MHz spectrum to improve its network coverage.
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Harish Jonnalagadda is a Senior Editor overseeing Asia at Android Central. He leads the site's coverage of Chinese phone brands, contributing to reviews, features, and buying guides. He also writes about storage servers, audio products, and the semiconductor industry. Contact him on Twitter at @chunkynerd.