- T-Mobile added 2.3 million postpaid customers surpassing AT&T’s and Verizon’s net additions for the third quarter. Revenue was almost in-line but the company missed EPS estimate, thanks to the aggressive pricing strategy.
- I maintain the $39 price target amid continuing subscriber momentum.
- The previous piece clearly mentioned that T-Mobile will continue to add subscribers amid un-carrier incentives. However, any strategy to improve ARPU can hurt subscriber growth during the next year.