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Source: Android Central
T-Mobile s move to add free lines to bolster wireless net additions is a tactic to make itself the winner, but in the long run, the carrier wants to cross-sell and upsell, and get more customers on expensive plans, experts say.
On May 4, the carrier posted its Q1 2021 earnings indicating it added nearly 800,000 new post-paid customers with an increase in revenue of $19.8 billion. The carrier, which some argue to be one of the best wireless carriers in the U.S., is still merging Sprint s network with its own.
T-Mobile also reported that its net income remained flat as higher revenues were offset by expense increases as a result of the Sprint Merger, including merger-related costs.
T-Mobile reported net customer additions of 1.4 million for Q1 2021.
The company s total customer base has reached 103.4 million subscribers.
Revenue grew year-over-year, although revenue growth was slower than competitors.
First-quarter earnings for T-Mobile have been released, which show that the company continues to grow as it adds more than 1.4 million subscribers to the network, including nearly 800,000 new post-paid customers. The company also managed a year-over-year increase in revenue of $19.8 billion, which was higher than analysts expected.
T-Mobile s successful quarter was partly attributed to stimulus checks that were rolled out to many Americans last quarter, putting more money into the economy and allowing more people to spend money. It also credited the growth to the rollout of the Magenta Max 5G plan, which gives customers truly unlimited 5G data.