Apr. 28 at 8:40 PM
PickAlpha Midday:
T-Mobile’s quarter was better than the headline beat suggests. Reuters reports the company added 217,000 postpaid accounts in Q1 versus about 193,236 expected, but the bigger shift is strategic: management is moving the market away from counting phone lines and toward counting broader customer relationships across wireless, home internet, and connected devices.
Tickers:
$TMUS $VZ $T
Our view is this is bullish because it says T-Mobile is still winning on quality, not just volume. If over 60% of new account lines are landing on premium plans and the company is confident enough to raise full-year account-add guidance, then the real story is stronger monetization of the customer base, not just another quarter of subscriber churn battles.
Read more on our Substack.
