


Q1/2025 Earnings for the "Big 3" - AT&T, Verizon, T-Mobile
20 minutes ago
2 min read
0
1
0

Verizon
Net loss of -356,000 postpaid phone net adds (some pressure from government accounts)
80%-90% of existing sites to be deployed with mid-band (C-Band) by end of year 2025
CAPEX expectation of $17.5B - $18.5B remains
Fios and Fixed Wireless +356,000
Free cash flow of $3.6B, up from $2.7B in 2024/Q1
Long term goal of 100M broadband connections (35M - 40M fiber passings)
Fixed wireless goal of 8M-9M by 2028
+45,000 FIOS internet adds
AT&T
+324,000 postpaid phone net adds
$3.1B in free cash flow ($16B for the year forecasted, $4B in Q2)
Q1 - CAPEX - $4.5B
Q2 - $4.5-$5.0B forecast
Full year CAPEX at $22B
Targeting 30 million fiber connections by mid-2025
Remain mum on any speculation about potentially acquiring fiber assets from Lumen
T-Mobile
+1.3M postpaid customer additions, with +495,000 postpaid phone net adds (slightly short of Wall Street expectations of +502,000)
Led industry with +424,000 net broadband adds
$4.4B in free cash flow ($17.5B - $18B for the year forecasted)
CAPEX expectation of $9.5B remains
Nothing regarding the US cellular transaction - however a recent earnings report from USM indicates a mid-2025 is still anticipated
Employment will be offered to more than half of the US cellular employee base
Those not hired by TMO or the remaining tower company will be offered severance along with career transition services and benefits
Completed transaction on April 1 for Lumos, with official launch of T-Fiber
Achieved a record 6.3 gigabits per second download speed in a recent real-world field test
Pricing for T-Satellite will be $10/month
Quotable:
"I mean, we are a growth company. And so what you show -- what you see is our interest in 5G broadband that has made us the fastest growing overall broadband company in America for 13 quarters. And you've also seen us show our hand in terms of wireline Internet as having an increased interest relative to other things in pure-play fiber. Why? Because it's a growth category. And we think it's the most elegant way to serve customers. It's for cost. It's a superior product and it's more consistent with the way we run our company. So I can't talk broadly about rumors and speculation and all that. But our strategy is pretty clear here, and I love the hand we have because we are leaders in broadband today intend to continue to be -- and I think T-Fiber continue to play a bigger and bigger role slowly and systematically" -Mike Sievert, CEO, T-Mobile