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Jan. 6, 2021, 4:42 p.m. EST

T-Mobile announces record customer additions in 2020

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By Wallace Witkowski

TMUS

T-Mobile US Inc. /zigman2/quotes/204659678/composite TMUS -0.76% shares rose in the extended session Wednesday after the telecom announced it added the most customers ever within a year. The company said it added 1.6 million postpaid customers in the fourth quarter for a total of 5.5 million postpaid customers in 2020, the most in T-Mobile’s history, according to preliminary numbers. The rollout of the 5G wireless standard helped boost numbers, the company said. T-Mobile said its extended-range 5G service covers 280 million potential customers and that it’s ultra-capacity 5G services covers 106 million with nationwide service expected by the end of the year. T-Mobile shares rose 2.1% after hours, following a 0.2% decline in the regular session to close at $131.53.

/zigman2/quotes/204659678/composite
US : U.S.: Nasdaq
$ 119.97
-0.92 -0.76%
Volume: 5.12M
Feb. 26, 2021 4:00p
P/E Ratio
43.02
Dividend Yield
N/A
Market Cap
$149.10 billion
Rev. per Employee
$911,960
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