T-Mobile announced another industry-leading fourth quarter as it added 844,000 net new postpaid phone customers during the quarter and 2.92 million for 2021.
this afternoon reported its fourth-quarter financials and also included the results for all of 2021. The carrier, which rose from dead last among the four majors to its current position behind only Verizon in the United States, continues to perform strongly. Company CEO Mike Sievert left no doubt about how well the carrier fared this year.Sievert told investors that"T-Mobile had our strongest year ever.
For the fourth quarter of 2021, the carrier announced that it had 844,000 postpaid phone net customer additions. For the full year, it added 2.9 million. Postpaid phone churn was 1.10% in Q4 as integration with Sprint customers picked up. For the entire year, churn for this category was .98%.picked-up an industry-leading 1.8 million postpaid net customer additions from October through December . For the entire year, T-Mobile added a record-high 5.5 million postpaid net customer additions.
T-Mobile's low-band Extended Range 5G, which uses the carrier's low-band 600MHz spectrum, covered 94% of the U.S. population at the end of the year. Its faster mid-band Ultra Capacity 5G covered 210 million people in the states as the year ended. The latter can deliver download data speeds at 350 Mbps peaking at 1 Gbps.
For the quarter, T-Mobile generated revenue of $14.6 billion, up 1.6% on a sequential basis from the third quarter, and 5.5% on an annual basis. For the year, the company took in $58.40 billion for a 15.8% hike year-over-year.
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