T-Mobile

T-Mobile added 452,000 branded postpaid phone subscriptions in the first quarter of 2020. Total branded postpaid net additions were 777,000 in the first quarter. Prepaid net losses were 128,000, yielding 649,000 total branded net adds for the quarter. Adjusted EBITDA hit an all-time record high of $3.7 billion, up 12% year-over-year despite the environment created by COVID-19. Free cash flow, excluding payments for merger-related costs, was $893 million, up 37% year-over-year.

T-Mobile plans to light up its nationwide 5G on Dec 6, laying a foundation for the New T-Mobile’s massive network that will have the capacity to deliver breakthrough connectivity initiatives to millions if the T-Mobile/Sprint merger closes in 2020.

As we’ve made our case for the New T-Mobile, we’ve been listening to the Federal Communications Commission and many others. We submitted a set of commitments to the FCC around the New T-Mobile to address what we’ve heard. Ultimately, the commitments are about our shared goal to put the US at the forefront of 5G innovation, driving massive economic growth, helping bridge the Digital Divide, creating more competition, and of course, giving consumers and businesses more for less.

New York’s Public Service Commission has approved T-Mobile's acquisition of Sprint with some conditions related to jobs and benefits provided to employees in the fourth most populated state in the country. The state agency determined that the merger is “not expected to cause interruptions or changes in service for existing Sprint wireline customers.” Moreover, as a condition for approval, the commission is requiring the company to continue to operate its relay call center in Syracuse and honor existing contracts until they expire.

T-Mobile and Sprint jointly announced that they have ceased talks to merge as the companies were unable to find mutually agreeable terms. “The prospect of combining with Sprint has been compelling for a variety of reasons, including the potential to create significant benefits for consumers and value for shareholders. However, we have been clear all along that a deal with anyone will have to result in superior long-term value for T-Mobile’s shareholders compared to our outstanding stand-alone performance and track record,” said John Legere, President and CEO of T-Mobile US, Inc.