T-Mobile gains 1.1 million customers in Q2 2013, ups revenue 20 percent to $6.3 billion

T-Mobile says its UnCarrier changes are starting to reap benefits, as it picked up 1.1 million new customers in Q2 2013. It also managed to keep postpaid churn (turnover of customers on contract) to 1.58 percent, its lowest level ever in that category. It also claims its new Jump program has borne fruit, even though the twice-yearly upgrade program only launched a month ago or so. Those new options resulted in 29 percent of its handset sales being iPhones, but T-Mobile said other models, like Samsung's Galaxy S 4, also moved well. In all, it sold 4.3 million smartphones in total, or 86 percent of total phone sales, up from 71 percent over last quarter.

Meanwhile, it's 4G LTE network has rolled out to 116 metro areas so far, a more rapid pace than it promised, and now covers 157 million people. That was helped along with the rapid transition of its new MetroPCS brand, which the company said it would expand to 15 new markets. The result of all that was a 20 percent boost in revenue to $6.3 billion over $4.4 billion last year, albeit with a drop in net income from $207 million to a loss of $16 million.

Filed under: Wireless, Mobile, T-Mobile

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Source: T-Mobile