T-Mobile Continues Impressive Growth through End of 2014

T-Mobile ended 2014 on a high note as it continued to beat expectations for customer growth. The carrier added 1.3 million postpaid customers and 2.1 million customers total in the fourth quarter. These additions put the full year numbers for 2014 at 4.9 million net new postpaid customers and 8.3 million net new total customers.

The company had set a goal of adding between 4.3 million and 4.7 million postpaid customers in 2014.

T-Mobile reported seeing positive porting ratios, which show how many customers are switching to its network from its major rivals. The company claimed ratios of 1.4 versus Verizon Wireless, 1.8 versus AT&T, and 2.2 versus Sprint. T-Mobile CEO John Legere is confident that the carrier will overtake Sprint soon, if it hasn’t already. Sprint has yet to release its fourth quarter numbers for comparison.

Despite continuing to grow its customer base, T-Mobile has drawn criticism for lagging behind on profits. The company reported a loss of $94 million, or 12 cents per share, in the third quarter of 2014. Though the full financial figures for the fourth quarter and the year as a whole won’t be available until February, T-Mobile has already indicated that earnings are likely to fall at the lower end of expectations.

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