We've already heard from AT&T and Verizon, who brought in a ton of cash in the third quarter, and also added a nice chunk of customers to their network. Now it's magenta's turn. T-Mobile announced their third quarter earnings this morning, and will have their earnings call at 10am EST. In which customers can ask questions over on Twitter by tweeting at @TMobileIR with the $TMUS hashtag.
Now, down to the numbers. In the third quarter, T-Mobile added 2.3 million customers. This marks the 10th consecutive quarter that the company has added at least 1 million customers. Now to break that down, 1.1 million were branded postpaid net adds. That was the 5th consecutive quarter of over 1 million. They also added 843,000 branded postpaid phone, 595,000 branded prepaid net adds as well. this is more than triple the branded prepaid net adds compared to the second quarter of this year. T-Mobile also continued to improve their branded postpaid phone churn.
Onto the financial side of things. T-Mobile had $6.3 billion in service revenues. That's an 11% increase year-over-year. Also $7.8 billion in total revenues. That is also up 7% year-over-yer. Adjusted EBITDA is $1.9 billion, that is up 42% year-over-year. Onto net income which was $138 million for the quarter. Compared to the loss of $94 million in Q3 2014. The company is also up to $0.15 earnings per share and expect that to grow moving forward. As far as free cash flow goes, we're looking at $411 million, that is also up from a loss year-over-year. A loss of $69 million in Q3 2015. They expect to be positive for the full year 2015. We'll see if that happens at the end of January when Q4 and year-end results are posted.
T-Mobile highlights that the growth for the company has been because of their growing 4G LTE network. They are touting that 300 million 4G LTE POPs covered. They also have 245 wideband LTE markets covered already. Which puts them on track for more than 260 markets by the end of the year. They are also touting the fastest 4G LTE network in the US. Now that is based on third-party results from apps like SpeedTest, OpenSignal and such.
With the third quarter in the books, this puts T-Mobile at 60.2 million subscribers. Still pretty far behind AT&T and Verizon who are sitting at 127 million and 133 million respectively. But T-Mobile is growing and they are taking the wireless industry by storm. Competition, is the name of the game here, and it's fantastic for consumers.