T-Mobile just squeaked by the 100 million subscriber mark at the end of 3Q 2020 thanks to subscriber net adds of 2.035 million.
Those additions gives T-Mobile 100.4 million total subscribers across all its wireless categories, placing it firmly behind Verizon and ahead of AT&T in terms of national carrier size.
“Last quarter T-Mobile overtook AT&T to become #2 in U.S. wireless and today we announced our highest ever postpaid net adds,” said Mike Sievert, T-Mobile CEO in a press release. “Now, with over 100 million wireless customers and America’s largest 5G network, there is no doubt that we’re the growth leader in wireless.”
Much of the T-Mobile 100 million subscriber milestone comes from its acquisition of Sprint. T-Mobile reports 15% of Sprint postpaid customer traffic is now on the T-Mobile network and customer network migrations have begun.
The company reported total revenues of $19.3 billion and service revenues of $14.1 billion, with net income of $1.3 billion.
In addition to T-Mobile touting its 100 million subscriber mark, it’s also touting it’s lead in 5G coverage, claiming its 5G network can now reach 270 million people across 8,300 markets. Its coveted mid-band spectrum in the 2.5 GHz band, which provides the best mix of coverage and speed, covers 30 million people, the carrier reports.
It’s been adding mid-band spectrum 5G markets rapidly, and expects to reach 100 million by the end of the year.
Tucked in the T-Mobile earnings announcement was a reveal about its recently launched fixed wireless service. The company says recent fixed wireless launches are laying the groundwork for what will eventually become a “[n]ationwide 5G commercial launch of fixed wireless broadband.”
T-Mobile’s current fixed wireless offer is based on 4G LTE. A nationwide 5G fixed wireless service commitment by T-Mobile is an interesting piece of news.