T-Mobile pre-released some of Sprint’s final numbers in advance of its first quarter 2020 earnings report this week, which will be the first combined report for T-Mobile and Sprint.
During the first quarter, Sprint lost 348,000 postpaid handset subscribers, and postpay churn increased 1.86% year over year, according to an SEC filing.
Prepaid net losses were 10,000, and prepaid churn increased 4.41%. Overall, total end-of-period Sprint connections were 54.7 million, up slightly from last year’s 54.5 million.
T-Mobile and Sprint completed their merger on April 1. T-Mobile said the standalone Sprint results were calculated using Sprint’s pre-merger reporting policies, and it plans to release Sprint’s stand-alone final financial results later in May once an audit is completed. It noted that “the customer results presented here will end up being materially lower once T-Mobile reporting policies are applied and Sprint prepaid brands are divested.”
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