T-Mobile US Achieves Industry-Leading Growth and Network Leadership in 2023

2024-01-30

T-Mobile US recently held its earnings call, where key executives and analysts discussed various aspects of the company's performance and future plans. The participants in the earnings call included Jud Henry, the Senior Vice President and Head of Investor Relations, Mike Sievert, the President and CEO of T-Mobile US, Peter Osvaldik, the CFO of T-Mobile US, and other members of the senior leadership team.

During the call, the risks and uncertainties associated with the company's forward-looking statements were mentioned. These risks and uncertainties could potentially impact the company's actual results.

Investors were directed to the Investor Relations website to find documents related to T-Mobile's results, including the earnings release, investor fact book, and other related materials.

T-Mobile had a strong year in 2023, achieving industry-leading growth in both customers and key financials. They recorded all-time record results across many metrics, solidifying their position as the overall network leader and successfully integrating a telecommunications merger.

In terms of customer growth, T-Mobile added 3.1 million postpaid phone net additions in 2023, marking the highest share of postpaid phone net adds since the merger. In Q4 alone, they added 934,000 postpaid phone net adds, the highest in the industry.

The company's broadband service also experienced significant growth, acquiring over 2.1 million customers in 2023 and ending the year with a total of 4.8 million customers.

T-Mobile's network leadership played a crucial role in their success, leading to strong win share in underpenetrated areas such as enterprise, government, smaller markets, and rural areas in their consumer business. T-Mobile for Business achieved its highest postpaid phone net adds in company history in 2023.

Financially, T-Mobile had a strong year, with the highest consolidated service revenue growth in the industry. They also delivered industry-leading growth in postpaid service revenue and core EBITDA in Q4.

In addition to their business performance, T-Mobile highlighted their commitment to social initiatives. They partnered with welcome.us to provide service through Metro by T-Mobile to refugees entering the U.S. Furthermore, T-Mobile is dedicated to achieving net zero emissions across its entire carbon footprint by 2040.

Overall, T-Mobile's earnings call covered a range of important topics, including their business performance, network leadership, financial highlights, social initiatives, and future plans. The company's strong growth and commitment to providing value to customers and shareholders were evident throughout the call.