T-Mobile added 1.9 million new connections in Q4 2017 and 5.7 million in 2017, thanks to its cost effective data plans and marketing campaigns to beat Verizon, Sprint and AT&T in the United States wireless market. This quarter saw service revenues up 7.1% to $7.8 billion, total revenues up 5.1% to $10.8 billion and net income of $2.7 billion.
Of revenue that rose 5.1% to a record $10.76B, service revenues increased 7.1% to a best-ever $7.76B.
The additional postpaid customers included 891,000 branded postpaid phones, and the company also reported 149,000 branded prepaid net additions and 1.9 million total net additions in the fourth quarter. T-Mobile added 5.7 million new customers during all of 2017. Including the impact of the company's new revenue standard, adjusted EBITDA will increase by an additional Dollars 0.2-0.5 billion for a total range of USD 11.5-12.2 billion.
Free cash flow rose 53% to $1.1B; net cash from operations rose 28.5% to $2.1B. "Our business is clearly firing on all cylinders and our strong guidance for 2018 shows that we have no plans of letting up!" T-Mobile US expects to gain between 2 million-3 million postpaid net additions this year. A couple of weeks ago, Opensignal released its "State of Mobile Networks: USA" report for January with T-Mobile nearly taking a clean sweep of the awards for network performance.
AT&T and Verizon have already announced their 5G network plans for the current year by focusing on fixed wireless networks and mobile Internet. The total base reached 72.585 million customers.
T-Mobile, which covered 322 million people with 4G LTE at the end of 2017, said it would be targeting 325 million people across 2.5 million square miles by the end of 2018.
T-Mobile did well for itself on the financial side of things, too. The latter was off on the back of higher deactivations from a growing customer base, increased competition and the de-emphasis of the legacy T-Mobile prepaid brand.
T-Mobile is now holding a conference call to discuss its Q4 2017 and full year results. T-Mobile US has been preaching constantly about its 600 MHz spectrum holdings and its ambitions to be the first nationwide 5G network.
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