T-Mobile is now America's second largest mobile operator.
Angela Lang / CNET
It's been a busy year for T-Mobile, but the carrier has continued to grow subscribers, saying that it has now passed AT&T to become the country's second largest carrier despite the coronavirus pandemic.
For the second quarter ending June 30, T-Mobile announced on Thursday that 1.25 million subscribers had been added, of which 1.11 million had been paid. Of these 1.11 million, 253,000 were postpaid phone add-ons.
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Postpaid subscribers who pay at the end of the month are rated higher by the investment community as a key measure of success.
By combining the additional postpaid subscribers with the expansion of the Sprint customer base, T-Mobile has a total of 98.3 million subscribers, which AT&T exceeds in terms of the total number of postpaid and prepaid users, although the company is still behind Verizon stands.
Revenue for the quarter was $ 17.7 billion, exceeding analyst estimates of $ 17.61 billion, according to Yahoo Finance. Earnings per share were $ 0.09, exceeding analysts' expectations of $ 0.07 per share.
Like other airlines, T-Mobile participated in the Federal Communications Commission's Keeping America Connected program. The corona virus initiative ran from March 13 through June 30 and was designed to protect people from losing their jobs or charging late fees if they can't pay their bills.
Peter Osvaldik, T-Mobile's chief financial officer, said when asked to win that 95% of his customers using the program "made some form of payment".
According to Osvaldik, there are some customers who cannot repay the company. T-Mobile has considered 110,000 deactivations, including 90,000 postpaid phones, which are likely to be deactivated after the FCC's commitment.
The earnings are the first of T-Mobile, with which Sprint is in full swing, and come after a busy first half of the year for the self-proclaimed "Un-Carrier".
In addition to signing the Sprint contract and fighting the coronavirus pandemic, the company also had a change of leadership when Mike Sievert took over as CEO from John Legere., and further expanded its 5G network.
In the last week the companyand announced the , the basis for his future 5G plans.