T-Mobile US hailed progress in Q3 during an earnings call in which it asserted leadership in the fixed wireless access (FWA) sector and predicted a rapid rise in users over the next four years.
On the call, T-Mobile stated it is on track to serve 500,000 home internet subscribers by the year-end and expects to serve 7 million to 8 million by 2025. It claimed to have outpaced rival Verizon’s 5G FWA additions during Q3.
T-Mobile CEO Mike Sievert (pictured) explained FWA customers are typically either rural or dissatisfied cable users, adding at least 5 per cent of its home internet subscribers use 1TB of data per month.
“It looks like the usage, while it rises, is not rising as fast as our capacity”.
T-Mobile noted similar high demand for 5G mobile broadband: Sievert said Magenta Max unlimited plan customers use an average of 35GB per month, three-times greater than its 4G users. “We think it’s on its way to 80 GB a month”.
Sievert argued the figure showed the “smartphone is the first killer app of 5G”, reiterating [1] comments made by president of technology Neville Ray during MWC21 Los Angeles.
William Ho, principal analyst at 556 Ventures, told Mobile World Live a recent price cut should contribute to T-Mobile’s user target for 2021. “They’ve always had the reputation of under promising and over delivering”.
Numbers
In Q3, T-Mobile reported net income of $691 million, down 44.9 per cent year-on-year, with revenue 1.8 per cent higher at $19.6 billion.
Post-paid net phone user additions fell 2.3 per cent to 673 million.
[1] https://www.mobileworldlive.com/featured-content/home-banner/t-mobile-us-tech-boss-claims-major-5g-lead-over-rivals
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