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Thank you Charlie T-Mobile US seems to be getting.
Its groove back the stop jumping more than 4% today after the company reported its customer -- grew by more than one million people.
That's the largest gain T-Mobile US is seen in four years -- What is driving all -- growth with us now is it John ledger he -- CEO and president of T-Mobile USA John thank you very much.
For coming congratulations.
Last time this year you were losing customers by about a half million this time.
You gained 680000.
These are contract subscribers the marked the real the real money subscribers.
Is it because of the fact that you got all those new apple customers who were tired of giving AT&T a two year locked in contract.
Well David let let me let me say it's slightly different because we've waited a long time for this.
Post paid net adds you ready.
That was more than the total phone ads of Verizon AT&T and sprint coach it was on -- So so it's a big deal and it's cause of a couple of things several phases of what I -- beyond carrier.
Phase one simplified pricing no contracts.
Low upfront pricing.
And then we didn't launch the iPhone as well as we launch and anytime upgrade but let me give you that one of the tricks that was a surprise to people today.
If you take all devices sold.
Both as gross adds and upgrades the iPhone was only 29%.
When you look at the gross adds.
It was barely 21%.
So this is a much bigger story.
Then adding a device but the portfolio it also means that it's gonna continue well.
It is great news certainly but -- you can't discount what David brought up and that -- that people were waiting for you to finally offered this.
I found so that they could just say we're done with the two years so called sentence that the AT&T'S -- the Verizon's of the world -- forcing people to sign but.
You're disruptive guy and that's a good thing in technology what's your next -- John what's next for team Mobil's offerings to their customers.
Well so that that the current carrier and you focused on what I -- when I got here and I talked to the team it became clear to me that.
-- one of the most important things in their -- this Smart or in the devices that they run their life on they hated.
The process and the carriers that they have to interface to get them in this no contrast.
Got contract -- liberated environment of that on carry that we're providing.
-- is really.
Moving extremely well so next.
I've called it on -- -- phase three -- not gonna give away all the secrets but the issues are continuing to solve what I call customer pain points.
And do ones that are really difficult for the big guys to solve.
And there's plenty more come -- Europe.
-- -- cell customer there must be you're either with us but -- things that you absolutely.
And where smaller faster flatter we can move very quickly we're gonna solve those pain points one by one and come on.
We have about 12% market share so this play -- -- room to go in plenty of customers coming off contract every month from AT&T and Verizon.
And one small fun fact in the week ended July 31.
Deporting ratio between AT&T and -- to -- one means and twice as many of their customers are coming to us.
As going where you can see my folks can bring our our viewers out there to see the attitude that helped turn this company around that -- you've got to you've got web terrific positive attitude.
Think -- about the future however.
I gotta be bad cop here for a second because your profits are not at all what they should be what -- what you would want to be how to get the profits up for the company.
Well a couple of things David and if that's your best shot of being a bad -- you've got to go to bed -- total disaster.
Obvious that's it's it's hard to find any bad news frankly US if you have a great story out of Robert Sudan just said it.
Liz let's close right on that piece that David just -- how to put out a deal probably suitability probably get done.
OK we gave guidance today 45 point two to five point four billion of adjusted ebitda and we gave guidance that the cap -- would be in the four point two to four point four range.
-- in -- extremely.
Aggressive growth environment.
Our ebitda margins were 24 to 25%.
Right now spread while it's completely eroding its customer base and stocks moved pretty well I think that -- our margins -- about 9%.
So we are very profitable -- and operating free cash the -- she was well over two billion dollars so.
Let's not confuse the fact that we were having a shrinking environment with not being a profitable company were -- very profitable growing business.
Item MetroPCS merger that -- just went through.
The synergies -- -- steal -- gonna add over a billion dollars to free cash flow accretion in the coming years so we've got a lot of things up our -- the biggest of which.
Is growth and that's what most people are looking.
We want to see that sleeve will you come from Bellevue and visit us Bellevue Washington not the hospital for us to come visit us and I -- Yeah I I'd love to -- or not I'm in New York might have been I've got an apartment on the upper west side -- -- I'll -- there -- you to know so we could we could have dinner.
They paid by the way just open up your code you have a Superman shirt under that -- right.
The bond involved in this is this.
Big business -- things not only the logo T-Mobile but the ticker symbol of what we're getting most of our customers you'll come back when you've got the big announcement on your next offering John it's good to see you thank you so much for -- -- rises thanks a lot.
Nice to nice to talked about the U think U.
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