T-Mobile To Dominate The Telco Industry Soon? AT&T And Verizon Lose Thousands Of Subscribers To T-Mobile

T-Mobile is considered tactical and strategic by acquiring customers of telco giants such as AT&T and Verizon. This is reported recently as the network war is an ongoing battle.

According to CNET, T-Mobile was forced to reschedule their third-quarter earnings conference call last Monday after ATT&T had one of their own discussing recent developments. AT&T recently announced that they have $85.4 billion deal to acquire Time Warner.

While AT&T revealed a promising plan acquiring Time Warner and revolutionize video delivery, T-Mobile is also benefiting from this move. T-Mobile said on Monday that it added 851,000 new postpaid phone subscribers. This is considered good numbers in terms of growth for T-Mobile.

AT&T had significantly lost 289,000 subscribers and customers in the same period while Verizon lost a total of 36,000. Spring, on the other hand, is considered a winner as it reported gaining 36,000 new customers and subscribers.

T-Mobile has added more and more customers that the rest of the giant telco players combined. T-Mobile has been successful in winning over customers by introducing new and cheaper unlimited plan in August. It was known that T-Mobile's release of the plan was not well-received by most, it was still considered enough to drive new customer sign-up.

T-Mobile has steadily grown with 684,000 new prepaid customers which amounted to a total of 2 million net new customers in the period. T-Mobile posted profits of $366 million, or 42 cents a share compared with a year-earlier profit of $138 million or 15 cents per share.

As added by Tech Times, T-Mobile reported a strong quarterly profit as shared were up to 6.3 percent to $49.67 in early trading on Monday. T-Mobile's profit performance exceeded industry analysts' prediction. T-Mobile's revenue also grew 18 percent, to $9.2 billion.

It is also known that T-Mobile was the first to let their customers trade old iPhone models to the newer iPhone 7 for free. It is however not exactly all good news for T-Mobile. T-Mobile recently reached a $48 million US settlement after FCC discovered that it failed to inform customers that their unlimited data was in fact not entirely limited.