Mobile quarterly results top estimates as subscribers grow

T-Mobile CEO John Legere is having a good day.                  Sarah Tew  CNET

T-Mobile CEO John Legere is having a good day. Sarah Tew CNET

The second quarter is typically slow for wireless carriers so T-Mobile's results are likely to stand out as rivals report.

"This was a competitive quarter".

Business customers are also a burgeoning source of growth for T-Mobile, CEO John Legere said on a conference call.

The company had said it was open to considering various strategic options and has acknowledged interest in talking with rival Sprint Corp about a merger.

Analysts, on average, estimated T-Mobile would earn 38 cents a share and post revenue of $9.8 billion, according to Yahoo Finance. "And yes, we even had a new entrant from cable". It reported adjusted earnings per share of 67 cents, smashing the consensus estimate of 39 cents and up 168%.

Shares rose 3 per cent to US$63.90 (RM273.78) in after-hours trading.

The data here focuses on postpaid customers who have switched carriers during the second quarter of 2017, and who had only been with that carrier for two years or less. Net income came in at $581 million, up 158% year over year. It said its deployment of 700 MHz spectrum is "essentially complete", having gone live in 575 markets and covering 271 million POPs, and it plans to begin deploying services on the 600 MHz airwaves it won during the FCC's recent incentive auction in the next several weeks. The heightened pressure has resulted in more deals for consumers, including Sprint offering a year of service for free (excluding taxes and fees), and its prepaid arm Virgin Mobile going with an all-iPhone model with a rate of $1 for the first year of service.

Verizon saw more of its customers switching to a different carrier in the United States during the second quarter of 2017, compared to the other major U.S. wireless carriers.

You can't get enough of T-Mobile.

"Despite a generally poor operating environment in wireless, T-Mobile continues to fire on all cylinders". "No, we wouldn't suggest that a merger (with Sprint) would be a bad idea".