Once again, T-Mobile took the pole position when it comes to smartphone wireless customers. The carrier added a total of 1.6 million net new customers in the second quarter, including 686,000 so-called postpaid phone customers. The company said it has led the industry for 18 straight quarters in that key metric. Its continued dominance comes amid the backdrop of T-Mobile’s attempts to merge with Sprint, which reported its own quarterly results this morning. The two companies hope to close the $26 billion deal in the first half of next year. Sprint has spent the last few years getting back to eking out growth and earlier today trumpeted adding 87,000 net new phone customers. T-Mobile has traditionally outstripped the industry in new customers thanks to firebrand CEO John Legere and his Un-carrier campaign. The results come at a time when the carriers are starting to pull back from aggressive promotions for cheap plans or free iPhones. What once was a bonanza for bargain hunters has shifted into more rational pricing, including new, pricier tiers of unlimited data plans. AT&T and Sprint both introduced new plans that are either more expensive or removes prior perks, while Verizon launched a new, more expensive option for data-hungry users. Check out the full breakdown of the unlimited plans here. The company’s net profit came in at $782 million, or 92 cents a share, compared with a year-ago profit of $581 million, or 67 cents a share. Revenue rose 3.5 percent to $10.57 billion. Analysts had projected… [Read full story]
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