T-Mobile Us Inc (NASDAQ:TMUS) stock fell 0.70% (As on Apr 28, 11:46:24 AM UTC-4, Source: Google Finance) after the company posted mixed result for the first quarter of FY 22. T-Mobile had the highest postpaid service revenue and cash flow growth in the industry enabled by its synergy-backed model and diverse growth strategy and raises full-year 2022 guidance across the board. Total service revenues increased 7% year-over-year to $15.1 billion, which included Postpaid service revenue growth of 9% year-over-year driven by continued customer account and ARPA growth. Net income decreased year-over-year to $713 million. Core Adjusted EBITDA increased 10% year-over-year to $6.5 billion due to Service revenue growth and increased synergy realization. Net cash provided by operating activities increased 5% year-over-year to $3.8 billion, which included cash payments for merger-related costs of $893 million. Cash purchases of property and equipment, including capitalized interest increased 6% year-over-year to $3.4 billion driven by the accelerated build-out of its nationwide 5G network. Free Cash Flow increased 26% year-over-year to $1.6 billion, which included cash payments for merger-related costs of $893 million and cash purchases of property and equipment of $3.4 billion.

Meanwhile, T-Mobile’s 5G network covers 315 million people, or 95% of Americans, across 1.8 million square miles, delivering more geographic coverage than Verizon and AT&T combined, including over 4x Verizon and over 30% more than AT&T. Super-fast Ultra-Capacity 5G covers 225 million people and nearly 85% of T-Mobile customers. And T-Mobile isn’t slowing down, with plans to bring Ultra Capacity 5G to 260 million people this year and 300 million by the end of 2023.

TMUS in the first quarter of FY 22 has reported the adjusted earnings per share of 57 cents, beating the analysts’ estimates for the adjusted earnings per share of 41 cents, according to Zacks Investment Research. The company had reported the adjusted revenue of $20.12 billion in the first quarter of FY 22, missing the analysts’ estimates for revenue of $20.13 billion.

The plans to finish transitioning all Sprint customers to the T-Mobile network over the next few months,  just over two years from merger close. The company is also on track to upgrade or decommission substantially all Sprint sites this year – less than three years from merger close. Roughly one-third of the 35,000 targeted sites have been decommissioned as of Q1 2022 with the remaining ramping in the second half of the year.