T-Mobile also raised its 2021 merger synergies outlook.<\/b>
\nT-Mobile added 1.4 million net subscribers in the second quarter as it delivered 13% revenue growth from a year ago. The wireless carrier net additions handily surpassed the new subscriber tally from Verizon and AT&T. T-Mobile reported second quarter net income of $978 million, or 78 cents a share, on revenue of $20 billion, up 13% from a year ago. Wall Street was expecting T-Mobile to report second quarter revenue of $19.34 billion with non-GAAP earnings of 53 cents a share. T-Mobile continues to gain share as the big three carriers in the US battle for subscribers with phone promotions. T-Mobile added 627,000 postpaid phone net additions and postpaid accounts of 349,000. In addition, T-Mobile said that its integration of Sprint if fueling results. About 80% of Sprint traffic is now carried on the T-Mobile network and a third of the customers have been moved over. T-Mobile also raised its 2021 merger synergies outlook. Mike Sievert, CEO of T-Mobile, said it is benefiting from its 5G network and unlimited plans. T-Mobile ended the quarter with 104.8 million subscribers. By the numbers for the second quarter: As for the outlook, T-Mobile said it expects postpaid net customer additions of 5 million to 5.3 million for 2021 with free cash flow of $5.2 billion and $5.5 billion.<\/p>\n