T-Mobile's CEO, Mike Sievert, recently spoke at the UBS Global Media and Communications Conference, reiterating the company's positive outlook for the rest of the year.
Sievert highlighted the strong performance of the company, particularly in terms of customer switching, which he sees as a significant growth opportunity. T-Mobile is on track to meet its full-year guidance, expecting around 3 million net additions in postpaid phone subscribers and a 3% increase in postpaid average revenue per account (ARPA).
Sievert clarified that his previous comments about seasonal trends in the fourth quarter were misinterpreted by some media outlets. He emphasized that T-Mobile's performance in Q4 is in line with or potentially exceeding expectations.
T-Mobile's strategic focus is on expanding into under-penetrated markets, such as small and medium-sized rural areas, enterprise sectors, and large government contracts. The company sees potential for growth in these areas and aims to deepen customer relationships to drive growth in ARPA and average revenue per user (ARPU).
T-Mobile is committed to enhancing customer experiences through digital and technological transformation, with a focus on the T-Life app. The company has ambitious projections for customer growth, service revenue growth, adjusted EBITDA growth, and adjusted free cash flow conversion rate.
T-Mobile's customer-centric strategies and innovative solutions position the company for sustained growth in the telecommunications market.