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Friday, September 12, 2014

T-Mobile US adds record 552,000 postpaid customers in August, (NYSE: TMUS)

T-Mobile US added 552,000 postpaid customers in August, more customer additions than any other month in the history of the company, Chief Executive John Legere told investors at a conference in New York on Friday.The fourth largest U.S. wireless carrier also added 208,000 pre-paid customers in August. Valuable postpaid customers pay for their service after usage, while pre-paid customers pay in advance.The company has turned around years of subscriber losses through aggressive promotions in the past year and a half. The wave of new subscribers was in part due to the popularity of a promotion that allows customers to add four lines for $100 a month, according to Legere."The company is on fire," he said.

Shares of TMUS traded higher by 1.48% or $0.45/share to $30.90. In the past year, the shares have traded as low as $24.50 and as high as $35.50. On average, 4481810 shares of TMUS exchange hands on a given day and today's volume is recorded at 2789625.