T-Mobile US also slightly boosted its planned capex spend for the year, stating it will now invest between $13.5 billion and $13.7 billion for the full year. We know how to work with them on that front and you have seen our bad debt levels return to more historic rates.” “And so it’s not new for us that some customers are stressed financially. “One of the things that makes us different than our competitors in this space is we have a long history and a deep confidence at dealing with customers who have variable economic circumstances,” Sievert said, according to transcripts of the call. T-Mobile CEO Mike Sievert also brushed aside tardy customer payment concerns that both AT&T and Verizon said they expect will increase as the year progresses. This was in contrast to rivals AT&T and Verizon, which both expressed second-half concerns tied to recessionary challenges.

However, T-Mobile US’ management boosted its operating guidance for the rest of the year, including increased revenues due to stronger than expected customer growth. Net income also dipped year over year due to costs associated with de-commissioning assets from its Sprint acquisition. T-Mobile US strayed from the script penned by its rivals AT&T and Verizon by actually boosting its financial expectations for the rest of the year despite a half-billion-dollar charge it will be taking tied to the recent financial settlement of a penetrating cybersecurity attack.īacked by strong subscriber growth, T-Mobile US posted robust second-quarter service revenues, but a dip in equipment sales dropped overall revenues by just over 1% compared to the same quarter last year.

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