connections, according to Sharma. That growth was driven largely by continued momentum from Verizon Wireless and AT&T, but more importantly by a rejuvenated T-Mobile. Here's a quick breakdown on the nation's top wireless carriers and their general strategic position at the close of the third quarter:
T-Mobile US rolled to another strong quarter of subscriber growth in the third quarter, making good on executives' promises that the carrier would continue the momentum generated by its new no-contract plans, handset upgrade program and aggressive new style.
T-Mobile US is expected to report strong subscriber growth in the third quarter, according to analysts, and may once again lead U.S. carriers in terms of phone subscriber additions in the period.
AT&T reported stronger subscriber growth and posted record smartphone sales in the third quarter. The company is plowing ahead with its LTE network deployment and thinks its network strength will insulate it from intensifying competition in the market.
Wireless carriers are in for a tumble over the next several years, as the subscriber and average revenue per user growth trend that have historically characterized the industry starts to wane, according to a new report from Ovum.
SoftBank CEO Masayoshi Son said that Sprint investors need to be patient as the carrier undergoes the next chapter in its turnaround under SoftBank control, and warned that real progress might take another two years to achieve.
Sprint said it will cut around 800 customer service jobs nationwide in the first major reorganization of the company since SoftBank took over control of the carrier in July. Sprint said the cuts are being made primarily because it has been receiving fewer calls to customer care.
In the second quarter of 2013, the industry grew by 335,000 subscribers, which is the lowest subscriber-add number this millennium. A significant reason for the low growth is that approximately 1 million Lifeline connections had to be disconnected because the carriers were unable to verify eligibility. The industry make-up also changed considerably in Q2.
U.S. wireless carriers added the lowest number of net new subscribers on record--139,000--in the second quarter, owing in large part to Sprint's shutdown of its Nextel iDEN network, according to a new report from Chetan Sharma Consulting.
Sprint MVNO Ting confirmed that as of the end of the second quarter it had 25,000 total customers, an indication of strong momentum for the company but a paltry figure in the larger wireless landscape.