AT&T and T-Mobile post solid Q3 results, but what does that mean for Sprint?
AT&T and T-Mobile US over the past week released third-quarter financial results that showed strong connection growth and solid financial performance.
AT&T’s results included more than 2.5 million net connection additions to its network, boosted by robust growth in connected devices as well as increases across all segments. That growth looks set to lead the industry for the quarter and pushed AT&T Mobility’s base to 126.4 million connections.
T-Mobile US may have come up a bit short to AT&T Mobility in total net connection additions for Q3, but the carrier bested its larger rivals, including Verizon Wireless, in attracting high-value smartphone customers. T-Mobile US also managed to post a small net profit for the quarter, though the lower than expected customer growth failed to impress investors.
On this week’s Carrier Wrap, RCR Wireless News Editor-in-Chief Dan Meyer and Managing Editor Sean Kinney cover some of the latest carrier-related news, including Sprint cutting severance packages for employees set to be laid off, and highlight Q3 results from AT&T and T-Mobile US.
We also speak with Roger Entner, founder of Recon Analytics, to dig a bit more into the AT&T and T-Mobile US results, and look at when combined with previously released results from Verizon Wireless how Sprint might fare as it prepares to announce its own quarterly results.
Make sure to check out next week’s Carrier Wrap show where we will be joined by Phil Marshal, chief research officer at Tolaga Research, to discuss Q3 results from Sprint as well as dive into Sprint’s current network challenges and opportunities.
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