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T-Mobile sees total revenue boost of 71 percent during Q4 in months following Sprint merger

In less than a year since T-Mobile’s billion-dollar merger with Kansas City-based Sprint, the wireless network provider saw a 71 percent rise in gains in the last quarter of 2020, earning $20.3 billion in total revenue in Q4 compared to $11.9 billion in Q4 of 2019.

Nearly one year since closing on its merger with Sprint Corporation on April 1, 2020, T-Mobile US is seeing sizable revenue gains.

In Q4 of 2020, T-Mobile’s total revenue rose 71 percent. Adding 1.7 million new customers in Q4, the company earned $20.3 billion in total revenue.

This was nearly double what it earned in the same quarter in 2019, which brought in $11.9 billion in total revenue.

The 1.7 million new customers was an 18 percent increase in Q4. In 2020 alone, T-Mobile added 5.6 million customers, bringing the total to 102.1 million.

Last April’s merger with Overland Park-based Sprint appears to be achieving T-Mobile’s set goal of boosting it to become a contender of the top two U.S. cellular service companies, AT&T and Verizon.

The company said profits were essentially flat year over year for the quarter and down to $3.1 billion for all of 2020, largely due to merger-related expenses.

T-Mobile began migrating Sprint customers to its own network in the fourth quarter, and more than 4 million former Sprint customers have now moved onto T-Mobile’s network, about 25 percent of the Sprint customers that T-Mobile acquired in the merger.