May 1, 2020 / 1:08 PM / a month ago

T-Mobile says Sprint lost 348,000 postpaid phone subscribers in first quarter

FILE PHOTO: A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton

(Reuters) - T-Mobile US Inc (TMUS.O) said on Friday that Sprint lost 348,000 phone subscribers who pay a monthly bill in the first quarter, compared to 189,000 a year ago.

Sprint’s preliminary postpaid phone churn, or the rate of customer cancellations, increased to 1.89% from 1.82% in the quarter, T-Mobile said in a regulatory filing.

T-Mobile officially completed the $23 billion merger with Sprint Corp, solidifying its position as the No.3 wireless provider in the United States in April after a long legal battle between multiple state attorneys general which argued that the deal would be anticompetitive.

Sprint’s standalone results for the first quarter are expected to be released in May.

T-Mobile will report its first earnings post the merger on May 6, after markets close.

Reporting by Neha Malara and Ayanti Bera in Bengaluru; Editing by Shailesh Kuber

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