With 15.64 million subscribers, T-Mobile found it fit to announce today that it is now the largest prepaid service provider in the United States.
By comparison, Sprint now has 15.19 million prepaid subscribers, which are split between Virgin Mobile and Boost Mobile. AT&T and Verizon, meanwhile, lag behind T-Mobile with 11.34 million and 6.04 million prepaid subscribers, respectively.
T-Mobile also announced that MetroPCS, which the carrier merged with back in 2012, surpassed the 10 million subscriber mark, adding 1.2 million subscribers in the last year. T-Mobile CEO John Legere is unsurprisingly happy about the news.
“The good news just keeps on coming for T-Mobile,” said Legere. “The momentum we’re seeing with our T-Mobile and MetroPCS brands is outstanding, and the fact that we’ve blown by everyone to take the No. 1 spot in prepaid is icing on the cake.” Legere even made a bold, yet not entirely unreasonable, assertion that T-Mobile will surpass Sprint in prepaid and postpaid customers, combined.
From a business perspective, investors are more fond of postpaid subscriber numbers than prepaid. With customers stuck in two-year contracts or device payment plans, postpaid subscribers are seeing as a more reliable source of profit for wireless providers. Even so, T-Mobile’s prepaid subscriber numbers are nothing to scoff at.
Sprint, meanwhile, seems to be in a bit of a funk. After it reportedly killed its planned merger with T-Mobile, the third largest carrier in the U.S. announced that it would replace Dan Hesse with Brightstar CEO Marcelo Claure as the company’s president and CEO.