Shares of T-Mobile (NASDAQ:TMUS) jumped 9% at about $119.50 after-hours following the company's reported Q4 results on Wednesday.

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The cellphone carrier that provides wireless communication services, delivered industry-leading service revenue and cash flow growth in 2021, enabled by its differentiated customer growth momentum and synergy-backed model.

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Revenue of T-Mobile was up 6% year-over-year at $20.79 billion with Service revenues of $15 billion. The company recorded total net customer additions of 1.8 million, logging a net income of $422 million for the quarter, down from $750 million in the same period last year.

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According to the Washington-based company, the decline in profit was mainly due to a planned increase in merger-related costs of $1.2 billion in Q4 2021 and $3.1 billion in full-year 2021. As it continues to over-deliver on integration milestones, T-Mobile ended the year transitioning approximately 64% of Sprint customers to the T-Mobile network.

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T-Mobile issued guidance of postpaid net customer additions between 5 million and 5.5 million for 2022. For the full year 2021, T-Mobile brought in $2.41 in earnings per share at $26.9 billion in EBITDA and $5.6 billion in free cash flow.

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The company further plans up to $13.5 billion in capital expenditures in 2022 as it continues to strengthen its network leadership position as America's only nationwide standalone 5G network.  As of year-end, T-Mobile's 5G network covered 310 million people delivering nearly 5x more geographic coverage than its competitors.

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The company's mid-band spectrum-based "Ultra Capacity 5G" network covered 210 million people at the end of 2021 and plans to increase that to 260 million this year and 300 million in 2023.

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"There's one clear 5G leader in the United States, and that's T-Mobile. We're looking to extend our lead in 2022." - President of Technology Neville Ray at T-Mobile

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Over the past 12 months, T-Mobile stock dropped 17%, versus a 20.5% return that includes dividends for the S&P 500.

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