Ahead of today's Uncarrier Amped announcement, T-Mobile has just announced that they have added 2.1 million customers in the second quarter of this year. Typically the second quarter is a slow quarter as everyone has bought their phones for the year already, but somehow, T-Mobile was able to have a 9th consecutive quarter with over 1 million new customers. That's also a 300K improvement over Q1. And 41% increase year-over-year. We have to say, not bad T-Mobile, not bad at all.
Now let's talk churn. That's something that no carrier seems to want to talk about. Churn is basically the number of people leaving your carrier for another, compared to those you're taking from another carrier. Their churn rate was 1.3% for the quarter, which is some of the lowest churn rates the industry has seen in quite some time. So not only are people switching to T-Mobile, they are also staying, which is important to any company.
"T-Mobile's momentum continued in full force for the second quarter, with 2.1 million customers voting in favor of the Un-carrier," said John Legere, President and CEO of T-Mobile. "Now we are doubling down again with Un-carrier Amped! Once again making it absolutely clear that....We Won't Stop!"
It's important to keep in mind that these are preliminary results for T-Mobile's second quarter. So these numbers could change, but they likely won't change a whole lot. We should have our usual conference call with T-Mobile's exec's for the second quarter on July 30th, 2015. So if you're interested in that, stay tuned in a few weeks.
This is some pretty big momentum for T-Mobile today. Especially after the little spat that Legere and Sprint's CEO Marcelo Claure had on Twitter last week. Which led to Legere going on Periscope and saying that Claure basically had a bad week, with the second quarter ending last week. We'll have to wait and see what kind of numbers Sprint pulls in for the second quarter, but they'll need to bring in some big ones to keep their number 3 spot. Before Q2, there were just 300,000 customers that separated Sprint and T-Mobile. So you can do the math.