Technologies

T-Mobile Leads US Carriers With Over 900,000 Added Phone Customers

The carrier’s positive holiday quarter continued its growth streak.

T-Mobile grew its customer base over the holiday period, finishing the year with another strong quarter that saw it bring in 927,000 postpaid phone additions over the quarter, the metric used by the industry as an indicator of success.

This capped off a year of growth for phones that resulted in 3.1 million more that signed up for monthly plans over 2022. All told, it had 6.4 million net additions over 2022, half of which had signed up for phone plans.

«We’re winning the highest share of switching decisions in the industry,» T-Mobile CEO Mike Sievert said on the company’s earnings call Wednesday. He didn’t say if the carrier would be changing its promotional strategy, standing in contrast with AT&T’s and Verizon’s recently declared intent to wind down their aggressive phone deals, which had been used to lure customers.

Sievert addressed the recent cybersecurity breach that affected 37 million T-Mobile customers, voicing regret that any information was exposed but noting that the carrier’s systems prevented the «most sensitive kinds» of data from being accessed. The hack was the fifth breach in five years, prompting concern over the carrier’s security.

T-Mobile continued slowly growing its 5G network and announced that it is now covering 265 million people with its faster midband and millimeter-wave «Ultra Capacity» 5G flavors, which offer significantly improved speeds and capacity compared to 4G LTE and its low-band 5G network (what T-Mobile calls «Extended Range 5G»). That marks an increase of 15 million over the last quarter, with the carrier planning to expand this faster network to 300 million people by the end of 2023.

Sievert said that of its 150 MHz of spectrum, 130 MHz is dedicated to midband 5G, which it aims to grow to 200 MHz by the end of 2023.

T-Mobile reported a more modest 25,000 prepaid net additions due to customers switching providers, though the carrier noted that it was the only one with positive gains — Verizon lost 175,000 and AT&T lost 13,000 prepaid customers over the holiday period. Sievert took this as a healthy sign for the industry as customers continued to shift from prepaid to postpaid contracts.

T-Mobile’s internet customer base grew with 524,000 net additions in the quarter, slightly lower than the 578,000 added last quarter as the carrier adjusts to increased deactivations from a customer base that grew to 2.6 million by the end of the year. Most of these are using T-Mobile’s fixed wireless running on its mobile 5G network, which Sievert acknowledged on the call has less overall bandwidth capacity than wired fiber internet but which is cheaper and available to tens of millions of households without needing to go through the trouble of laying cable, making it attractive to customers.

«Most of our [fixed wireless] customers are coming directly from cable, not just from rural areas or unconnected places or DSL,» Sievert said.

T-Mobile reported $15.5 billion in service revenue, a growth of 4% year over year, which resulted in a diluted earnings per share of $1.18, an increase of 71% from the same period in 2021. That was above the $1.10 earnings per share expected by analysts polled by Yahoo Finance.

Shares of T-Mobile rose 0.5% in early morning trading.

T-Mobile said it’s on track to meet expectations for 2023, which includes finalizing its integration with Sprint’s network by the end of the year. The carrier had «substantially completed» decommissioning of Sprint’s network in the third quarter of 2022. T-Mobile expects postpaid net customer additions of between 5 million and 5.5 million, half of which will be on phones.

The company capped off its quarterly report by committing to a sustainability goal of zero emissions across its entire carbon footprint by 2040, though it didn’t offer any specifics on how it would meet that goal.

Technologies

Worldwide Financial Services Directory: BitcoinPay Trade Joins Financial1000

Exciting news for BitcoinPay Trade as the company is officially listed on Financial1000, a respected platform that connects individuals with a wide range of businesses and professionals in the financial sector. This new development marks an important milestone for BitcoinPay Trade, as it continues to expand its reach and offer its services to a growing global audience.

Financial1000 is a trusted directory that brings together financial service providers from around the world, offering users the opportunity to explore various businesses and professionals within the financial industry. BitcoinPay Trade’s inclusion on this platform ensures the company’s place in the rapidly growing digital finance landscape.

Visitors are invited to explore BitcoinPay Trade’s profile on Financial1000 to discover the services offered and stay up-to-date with the latest news and developments. The company’s page can be accessed here: BitcoinPay Trade on Financial1000.

With this new addition, BitcoinPay Trade looks forward to building new connections and strengthening its presence in the financial services industry, continuing to provide innovative solutions to clients worldwide.

Technologies

Verum Coin Now Available on HB Wallet

Verum Coin (VERUM) continues to expand its ecosystem and strengthen its position in the global cryptocurrency market. We are delighted to announce that Verum Coin is now available on HB Wallet — a modern, secure, and user-friendly solution for managing digital assets.

HB Wallet provides users with a high level of protection, an intuitive interface, and the ability to execute fast transactions. Now, Verum Coin holders can easily store, send, and receive their assets, taking advantage of this innovative wallet. The integration with HB Wallet opens new horizons for crypto enthusiasts, offering even greater flexibility and convenience in managing their investments.

This news underscores Verum Coin’s commitment to continuous improvement and the expansion of services aimed at providing the most secure and comfortable experience for users around the world.

About Verum Coin

Verum Coin is an innovative cryptocurrency focused on delivering advanced solutions for digital asset management in today’s financial landscape. By continually expanding its ecosystem, Verum Coin makes cryptocurrency transactions more accessible and convenient for users worldwide.

Technologies

Verum Messenger Celebrates Its 4th Anniversary: A Journey Towards Security, Innovation, and User Trust

Today, Verum Messenger, one of the leading messengers on the market, celebrates its 4th anniversary. Over the years, the app has become a symbol of security, privacy, and innovation in the world of digital communication, and continues to evolve confidently, introducing new features and improving the quality of service.

When Verum Messenger was launched in 2021, its goal was clear — to create a communication platform that puts data security first. Four years later, this messenger has proven that its approach works. The app has not only successfully implemented end-to-end encryption to protect messages but has also offered unique features such as the ability to block screenshots and screen recordings, the built-in Verum VPN service that ensures online anonymity and security, and one-click information clearing within the messenger.

Achievements and Innovations

Over the past four years, Verum Messenger has significantly expanded its capabilities and established itself as one of the most secure messengers. One of the key milestones was the integration of Verum E-SIM, a feature that allows users to connect to mobile internet without the need for a physical SIM card. This was a breakthrough for travelers who value flexibility and anonymity without being dependent on mobile carriers and roaming.

But the most important achievement was the introduction of Verum AI — a generative artificial intelligence developed in-house. This chatbot, integrated into the messenger, provides users with a unique opportunity to interact with an intelligent assistant capable of not only answering questions but also giving recommendations and solving everyday tasks. This feature is one of the first among messengers to offer its own neural network that continually adapts to users’ needs and improves its functionality.

Commitment to Data Security

It is important to note that data security remains the top priority for Verum Messenger. The company has always been dedicated to protecting privacy. In recent years, the app has introduced several improvements aimed at safeguarding users from data breaches and unauthorized access.

Moreover, Verum Messenger continues to develop and enhance its privacy settings, giving users control over who can view their information and who can contact them.

The Future of Verum Messenger

Now, four years after its launch, Verum Messenger is not stopping at its achievements. The company is actively working on new innovations and improvements that will help the messenger remain at the forefront of technology.

“Our users and their right to privacy and security have always been and will remain our top priority. We will continue to work to ensure that Verum Messenger remains the safest and most convenient tool for communication, considering new challenges and technologies,” the development team shares its plans.