This morning, T-Mobile released its earnings for the first quarter of 2022. During the quarter, the carrier had 589,000 net postpaid phone customer additions. For companies like T-Mobile, this is arguably the most important quarterly metric. At the same time, the wireless provider reported postpaid net customer additions of 1.3 million which not only topped the industry, but it also was the best first quarter increase for the carrier in eight years.
During the quarter T-Mobile also added 348,000 net postpaid accounts which was the best in the industry and an all-time first-quarter record for the company. Additionally, the January-March period saw T-Mobile add a net 338,000 High Speed Internet customers which was the best in the industry and a record high. Postpaid phone churn was .93%, an improvement of 5 basis points year-over-year.
