T-Mobile has recently posted their Q4 2012 earnings report and along with that came some news regarding their 4G LTE network. The carrier is still touting themselves as being the "un-carrier" and comments from John Legere, President and CEO of T-Mobile USA include both how they ended 2012 on a "strong note" and that moving forward they plan to "put customers at the center of everything" they do.
CEO comments aside, lets get into the 4G LTE side of this news. T-Mobile has said they are going to accelerate the launch of LTE services. This means they should have coverage available for 100 million people by the middle of this year and for 200 million people by the end of this year. As for current coverage, T-Mobile notes included how the LTE networks in Las Vegas, Nevada and Kansas City, Missouri have been completed.
Aside from LTE, T-Mobile is still pushing the other 4G coverage -- HSPA+. In this case the carrier now has coverage available for 225 million people with 142 million of those covered on the 1900 MHz spectrum. Some recently completed upgrades include Orlando, Florida; Ann Arbor, Michigan and Richmond, Virginia. Moving over to the earnings and we were given a look at the net customer additions, details on branded pre-paid and contract customers, total revenues and more.
The revenues were $4.9 billion which made this the second consecutive quarter of sequential growth. Other details include the fourth quarter branded contract churn was reduced to 2.5 percent, branded pre-paid customers have grown for the sixth consecutive quarter and how net customer additions were 61,000 for the quarter. On that net customer addition number, that comes as an improvement as compared to the fourth quarter in the previous year.