T-Mobile US has reported revenues of USD6.875 billion for the three months ended 31 March 2014, up 47.0% on an annual basis, principally due to the inclusion of the results of the newly acquired MetroPCS unit in the first quarter of 2014. On a pro forma basis, 1Q14 sales increased 15.3% year-on-year. However, EBITDA for the first quarter slumped 25.9%, from USD1.469 billion to USD1.088 billion. In operational terms, T-Mobile ended Q12014 with approximately 49.1 million customers, a net increase of 2.4 million customers quarter-on-quarter.
With reference to the MetroPCS combination, T-Mobile notes that approximately 53% of the smaller unit’s customers have been transitioned to the T-Mobile network to date, with more than 50% of the MetroPCS spectrum re-farmed and integrated into the T-Mobile network by the end of 1Q14.
John Legere, president and CEO of T-Mobile, commented: ‘A year ago I promised that we would bring change to what I called this arrogant US wireless industry. We are delivering on that promise and our results reflect the growing customer revolution that we’ve ignited. We are now approaching 50 million customers, added 2.4 million net new customers in the first quarter alone, and posted our fourth quarter of consecutive service revenue growth, while once again adding more net new post-paid customers than the rest of the industry combined.’