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T-Mo ‘in the home stretch’ of Sprint integration, raises guidance

April 28, 2022

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T-Mobile US says it is largely wrapping up the integration of Sprint this year, both in terms of the network and customers. The carrier reported 589,000 postpaid phone net additions in the first quarter and also brought on 338,000 home internet net customer additions, amid total postpaid net customer adds of 1.3 million in the first quarter—it’s best Q1 in eight years, according to the company.

Net income for the quarter was $713 million, which was down from $933 million in the year-ago quarter and included $1.1 billion in merger-related costs during the quarter. Service revenues were at $15.1 billion, up 7% year-over-year. The carrier reported that postpaid service revenue grew at 9% year-over-year.

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