T-Mobile adds subscribers

T-Mobile added 452,000 branded postpaid phone subscriptions in the first quarter of 2020. Total branded postpaid net additions were 777,000 in the first quarter. Prepaid net losses were 128,000, yielding 649,000 total branded net adds for the quarter. Adjusted EBITDA hit an all-time record high of $3.7 billion, up 12% year-over-year despite the environment created by COVID-19. Free cash flow, excluding payments for merger-related costs, was $893 million, up 37% year-over-year.