T-Mobile Subscriber Growth in Q1 Beats Competitors and Ford Motor Announces Mark Fields as New CEO
T-Mobile US, Inc. (NYSE: TMUS) added a record number of customers in the first quarter whicih beat all of its competitors. The company signed up 2.4 million new customers in the first quarter, topping estimates of 932,000. The subscriber growth was more than its top three rivals combined. This was a first for the company. Sprint Corp is also currently meeting with banks to work out funding for a bid for T-Mobile, according to a source familiar with the situation.
T-Mobile US, Inc. provides mobile communications services under the T-Mobile, MetroPCS, and GoSmart brands in the United States, Puerto Rico, and the U.S. Virgin Islands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company also provides wireless handsets and accessories, including smartphones; wireless-enabled computers, such as notebooks and tablets; and data cards manufactured by various suppliers.
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Ford Motor Co. (NYSE: F) announced that Mark Fields is set to take over as chief executive of Ford Motor Co. on July. Fields will be replacing Alan Mulally who has been CEO for the last eight years. Mr. Mulally declined to discuss his future plans but commented, "The most important thing for me right now is this orderly [management] transition." He also said, "Mark helped to create this business environment. He is going to hold the values of this company really dearly in his hands. I don't need to tell him anything."
Ford Motor Company develops, manufactures, distributes, and services vehicles, parts, and accessories worldwide. The company operates through two sectors, Automotive and Financial Services. The Automotive sector offers vehicles primarily under the Ford and Lincoln brand names. It markets cars, utilities, trucks, service parts, and accessories through distributors and dealers in North America, South America, Europe, Turkey, Russia, and the Asia Pacific region. This sector also sells vehicles to dealers for sale to fleet customers, including commercial fleet customers, daily rental car companies, and governments, as well as provides maintenance and repair services. The Financial Services sector offers various automotive financing products to and through automotive dealers.
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