As expected, T-Mobile(s tmus) had a blowout quarter, turning phone subscriber losses at Sprint and Verizon into its own gains. T-Mobile added 2.4 million total subscribers in Q1, including 1.3 million valuable postpaid subscribers, marking a new quarterly growth record for T-Mobile in a post-holiday period that’s usually sluggish.
The most significant number was T-Mobile’s 1.2 million postpaid phone net additions, comprised mainly of core smartphone customers on voice and data plans. Those are the carriers’ most valuable customers, and in the first quarter T-Mobile demonstrated it could steal them away from its larger competitors.
Verizon(s vz) shed more than 100,000 feature phone and basic smartphone customers in Q1, while Sprint(s s) saw 230,000 postpaid customers depart. AT&T(s t) actually had a great quarter, totaling 625,000 new postpaid customers, though it also showed evidence of its smartphone growth slowing.
“T-Mobile captured virtually all of the…
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