T-Mobile on Monday released its consolidated financial report for the third quarter of the year, revealing it generated $10 billion in total revenue over the three-month period ending September 30th, in addition to posting several records and signaling it's ready to end the year on a high note by maintaining its present momentum. T-Mobile's historic achievements made in Q3 2017 include a free cash flow of $921 million, net cash inflow from operating activities amounting to $2.4 billion, $7.6 billion in service-related revenue, and $2.8 billion in earnings before interest, taxes, depreciation, and amortization (EBITDA).
The Bellevue, Washington-based mobile service provider said it managed to widen the gap between the speed of its network and those of its competitors, proclaiming it still has the fastest network in the United States for the 15th consecutive quarter despite this particular claim recently being challenged. The company's latest financial report reiterated that its 600MHz deployment is going according to plans and that the second device to support the technology after the LG V30 is to be released this holiday season. While that point hasn't been further elaborated by the company, recent reports suggest that the Samsung Galaxy S8 Active is the 600MHz-enabled device in question. The wireless carriers opened 1,200 new stores and 1,300 new MetroPCS retail locations in the first nine months of 2017 and is planning to establish 500 more in the final quarter.
T-Mobile's Q3 2017 net additions amounted to 1.3 million in total, with the company recording 595,000 branded postpaid phone adds and 226,000 prepaid ones, with the latter being largely prompted by the performance of MetroPCS. The wireless carrier's churn rate fell by nine basis points compared to Q3 2016 and amounted to 1.23 percent. Branded postpaid net customer adds reached 817,000 over the same period, with T-Mobile expecting this figure to once again be the highest in the industry after the firm started leading this category 21 months ago. T-Mobile's consolidated financial report wasn't accompanied by an earnings call that the company traditionally holds, likely in an attempt to avoid questions from investors and analysts about a merger with Sprint that's been in the making for several months now. The two telecom giants were initially expected to announce their merger proposal alongside their Q3 2017 earnings reports but ultimately ended up delaying it after their tie-up negotiations stalled, industry insiders said earlier this month, adding that the consolidation is now planned for an announcement in the second half of November.