Initiative Q – the New Q Payment Network

You just simply have to check out the Future of Payments Initiative Q – the New Q Payment Network
Get in NOW – while you still can get credit for helping it build.
Initiative Q is building a new payment network and giving away significant sums of their future currency to early adopters. It’s by invite only and I have a limited number of invites. My personal invite link:

T-Mobile Announced Its Best Q2 So Far

T-Mobile US, Inc. a Bellevue-based  company has announced that its Q2 numbers have been the best in company history. Here are some of the highlights from T-Mobile’s record setting second quarter:

T-Mobile Announced Its Best Q2 So FarT-Mobile

Industry-Leading Customer Growth

  • 1.6 million total net additions – 21st consecutive quarter with more than 1 million net additions
  • 1.0 million total branded postpaid net additions – supported by continued strong postpaid other net additions
  • 686,000 branded postpaid phone net additions – led industry for the 18th consecutive quarter
  • 91,000 branded prepaid net additions – flat year-over-year despite increased competitive activity in the market
  • Record low 0.95% branded postpaid phone churn, down 15 bps year-over-year

Strong Financial Performance (all percentages year-over-year)

  • Service revenues up 7% to $7.9 billion – led industry for the 17th consecutive quarter
  • Total revenues up 4% to $10.6 billion
  • Net income up 35% to $782 million and diluted earnings per share (EPS) of $0.92
  • Adjusted EBITDA(1) up 7% to $3.2 billion
  • Net cash provided by operating activities(3) up 14% to $1.3 billion
  • Free Cash Flow(1)(3) up 61% to $774 million

Network Expansion Continues, Garners Industry Accolades

  • T-Mobile now covers 323 million people with 4G LTE – targeting 325 million people by year-end 2018
  • Aggressive deployment of 600 MHz in Q2 2018, augmenting existing low-band capabilities on 700 MHz
  • Fastest LTE network according to Ookla; outright winner in 5 of 7 categories in most recent OpenSignal study

Continued Strong Outlook for 2018

  • Increased target for branded postpaid net customer additions of 3.0 to 3.6 million
  • Net income is not available on a forward-looking basis(2)
  • Increased Adjusted EBITDA target of $11.5 to $11.9 billion including leasing revenues of $0.6 to $0.7 billion(1)
  • Cash purchases of property and equipment, excluding capitalized interest, of $4.9 to $5.3 billion, unchanged from the prior target range, now expected to come in at the high end of the range. This includes expenditures for 5G deployment
  • Three-year compound annual growth rates (CAGRs) for Net cash provided by operating activities and Free Cash Flow from FY 2016 to FY 2019 also unchanged at 7% – 12% and 46% – 48%, respectively(1)(3)

T-Mobile US, Inc. (NASDAQ: TMUS) reported record results in the second quarter of 2018 with industry-leading branded customer growth, record-high service revenues, record-high Q2 profitability, and record-low postpaid phone churn. The Un-carrier has changed wireless for good and proven that putting customers first is the best way to deliver sustained, industry-leading results. T-Mobile continues to balance growth and profitability – delivering records in both categories in the second quarter of 2018.
T-Mobile once again outperformed the competition as the company continues to optimize its offers for key segments of the market, expand into new geographies and set the standard for customer experience. This has resulted in growth in postpaid phone net additions both sequentially and year-over-year as the Un-carrier again leads the industry in the second quarter with nearly twice the aggregate postpaid phone net additions of Verizon, AT&T, Sprint and Comcast combined and more than three times the net additions of our next closest competitor, Comcast. In addition, the company delivered record-low postpaid phone churn of 0.95% – the best result in company history. These results have translated into record-high service revenues, which T-Mobile has now grown year-over-year for 17 quarters in a row.
“T-Mobile just recorded its best Q2 in company history,” said John Legere, CEO of T-Mobile. “That means 21 quarters with over one million net adds, record-high service revenues, industry-leading postpaid phone net additions, and record-low postpaid phone churn. Our business is strong, our strategy is working and we won’t stop!”
Industry-Leading Customer Growth
T-Mobile continues to deliver industry-leading customer growth, and Q2 2018 was no different. We once again led the industry in branded postpaid phone customer net additions, capturing about two thirds of the segment. Customers continue to choose the Un-carrier over the competition as we put all our energy and efforts into giving our customers more value and treating them right.

Six Months Ended
June 30,
(in thousands, except churn) Q2 2018 Q1 2018 Q2 2017 2018 2017
Total net customer additions(2) 1,579 1,433 1,333 3,012 2,475
Branded postpaid net customer additions 1,017 1,005 817 2,022 1,731
Branded postpaid phone net customer additions (1)(2) 686 617 533 1,303 1,331
Branded postpaid other customer additions (1) 331 388 284 719 400
Branded prepaid net customer additions(2) 91 199 94 290 480
Total customers, end of period (2)(3) 75,619 74,040 69,562 75,619 69,562
Branded postpaid phone churn 0.95 % 1.07 % 1.10 % 1.01 % 1.14 %
Branded prepaid churn 3.81 % 3.94 % 3.91 % 3.87 % 3.96 %
(1) During the third quarter of 2017, we retitled our “Branded postpaid mobile broadband customers” category to “Branded postpaid other customers” and included DIGITS customers and reclassified 253,000 DIGITS customer net additions from our “Branded postpaid phone customers” category for the second quarter of 2017, when the DIGITS product was released.
(2) As a result of the acquisition of Iowa Wireless Services, LLC (IWS), we included an adjustment of 13,000 branded postpaid phone and 4,000 branded prepaid IWS customers in our reported subscriber base as of January 1, 2018. Additionally, as a result of the acquisition of Layer3 TV, we included an adjustment of 5,000 branded prepaid customers in our reported subscriber base as of January 22, 2018. Customer activity post acquisition was included in our net customer additions for Q1 2018.
(3) We believe current and future regulatory changes have made the Lifeline program offered by our wholesale partners uneconomical. We will continue to support our wholesale partners offering the Lifeline program, but have excluded the Lifeline customers from our reported wholesale subscriber base resulting in the removal of 4.4 million reported wholesale customers as of the beginning of Q2 2017.
  • Total net customer additions were 1.6 million in Q2 2018, bringing our total customer count to 75.6 million. Q2 2018 marked the 21st straight quarter in which T-Mobile generated more than 1 million total net customer additions.
  • Branded postpaid net customer additions were 1.0 million in Q2 2018, up 200,000 from Q2 2017. Strength in postpaid phone net additions and postpaid other net additions, driven by wearables, drove the year-over-year increase.
  • Branded postpaid phone net customer additions were 686,000 in Q2 2018, up 153,000 from Q2 2017. This marks the 18th consecutive quarter in which T-Mobile has led the industry in this category. Sequentially and year-over-year, branded postpaid phone net customer additions increased due to continued growth in existing and Greenfield markets, the growing success of new customer segments such as T-Mobile for Business, T-Mobile ONE Unlimited 55+, and T-Mobile ONE Military, as well as record-low churn.
  • Branded postpaid other net customer additions were 331,000 in Q2 2018, up 47,000 from Q2 2017. Year-over-year the increase was due to higher gross customer additions from connected devices, specifically the Apple watch, partially offset by lower DIGITS gross customer additions and higher deactivations from a growing customer base.
  • Branded postpaid phone churn was a record-low of 0.95% in Q2 2018, down 15 basis points from Q2 2017, primarily due to increased customer satisfaction and loyalty from ongoing improvements to network quality, industry-leading customer service and the overall value of our offerings in the marketplace.
  • Branded prepaid net customer additions were 91,000 in Q2 2018, down 3,000 from Q2 2017.
  • Branded prepaid churn was 3.81% in Q2 2018, down 10 basis points compared to Q2 2017, primarily due to the continued impact from the optimization of our third-party distribution channels which was substantially completed during Q1 2017, partially offset by higher deactivations from a growing customer base and increased competitive activity in the marketplace.

Strong Financial Performance
Our strong customer results translated into record financial results. T-Mobile again posted record-high service revenues, and Q2 marks the 17th quarter in a row where we led the industry in year-over-year service revenue percentage growth. In addition, the company posted strong net income and record Adjusted EBITDA.

(in millions, except EPS) Quarter
Six Months Ended
June 30,
Q2 2018
Q1 2018
Q2 2018
Q2 2017
YTD 2018
YTD 2017
Q2 2018 Q1 2018 Q2 2017 2018 2017
Total service revenues $ 7,931 $ 7,806 $ 7,445 $ 15,737 $ 14,774 1.6 % 6.5 % 6.5 %
Total revenues 10,571 10,455 10,213 21,026 19,826 1.1 % 3.5 % 6.1 %
Net income 782 671 581 1,453 1,279 16.5 % 34.6 % 13.6 %
EPS 0.92 0.78 0.67 1.69 1.47 17.9 % 37.3 % 15.0 %
Adjusted EBITDA (1) 3,233 2,956 3,012 6,189 5,680 9.4 %

Read more Business News at Bellevue Business Journal.

Apple Third Quarter Financial Report 2018

Apple recently announced financial results for its fiscal 2018 third quarter ended June 30, 2018. The Company posted quarterly revenue of $53.3 billion, an increase of 17 percent from the year-ago quarter, and quarterly earnings per diluted share of $2.34, up 40 percent. International sales accounted for 60 percent of the quarter’s revenue.

AppleApple Third Quarter Financial Report 2018

“We’re thrilled to report Apple’s best June quarter ever, and our fourth consecutive quarter of double-digit revenue growth,” said Tim Cook, Apple’s CEO. “Our Q3 results were driven by continued strong sales of iPhone, Services and Wearables, and we are very excited about the products and services in our pipeline.”
“Our strong business performance drove revenue growth in each of our geographic segments, net income of $11.5 billion, and operating cash flow of $14.5 billion,” said Luca Maestri, Apple’s CFO. “We returned almost $25 billion to investors through our capital return program during the quarter, including $20 billion in share repurchases.”
Continue reading “Apple Third Quarter Financial Report 2018”

CIO Monica Eaton-Cardone Dissects Blockchain Obstacles and Opportunities

Monica Eaton CardoneAccording to recent financial technology (FinTech) industry data, “billions of dollars have been poured into blockchain companies” as of September 2017, with initial coin offerings or token sales climbing to roughly $2 billion compared to just $256 million in 2016. Private investments into blockchain companies exceeded $4.5 billion from Q1 through Q3 of 2017—including the $3.6 billion acquisition of Canadian FinTech firm DH Corporation by Austin-based Vista Equity Partners and more than 150 additional blockchain transactions totaling $965 million—versus the $624 million raised over the same period last year. Yet despite growing interest among investors, blockchain has not yet gained wide consumer acceptance. Monica Eaton-Cardone, an IT executive specializing in FinTech, risk management and fraud prevention, addresses consumer skepticism and spotlights the advantages of blockchain technology. Continue reading “CIO Monica Eaton-Cardone Dissects Blockchain Obstacles and Opportunities”

Increased Regulation of Financial Services Providers for Increased Customer Protection

United Kingdom Financial InstitutionsMoney makes the world go round and a great deal of money goes around the world. The development of the concept of money ended the era of trade by barter; and now, money is a perfect exchange for goods and services. Interestingly, the development of money also birthed some firms that provide core and ancillary financial services.
For instance, some firms offer banking services to help you to keep your money safely. Other firms serve as intermediaries in facilitating the transfer of money between individuals and corporate entities in order to facilitate trade. Other firms provide loans, credit cards, insurance, wealth management, and investment services among financial services. Interestingly, the advent of traditional financial services companies and the modern FinTech industry creates an environment where people hand over their money to third party firms.
However, some unscrupulous firms have demonstrated unethical business practices Continue reading “Increased Regulation of Financial Services Providers for Increased Customer Protection”

6 Ways to Secure Enough Money for a Happy Retirement

Ways to a Happy RetirementAs the song goes ‘You load sixteen tons and what do you get? Another day older and deeper in debt.’ Well, it doesn’t need to be that way.   In fact, having enough money for a happy retirement is not a mirage. It just takes some planning, hard work, and dedication to make it happen. With that in mind, here are six ways to turn that dream into a reality.

  • Start Investing Early

Don’t wait until your 50’s or early-60’s to start socking money away. Get into the habit of investing early on. Maybe all you can afford is $10 per week, but at the end of the year that is $520 and after 10 years, you will have $5,200 and that is not counting any returns on your investment. Continue reading “6 Ways to Secure Enough Money for a Happy Retirement”

The Real Pros & Cons of Small Business Loans

Borrowing money is always a tricky situation, because it’s not something anyone is looking forward to, especially in the world of business. Unfortunately, for many small business owners, an SBA is necessary to keep the business afloat. Small businesses are considered the backbone of the American economy, employing more than two-thirds of the workforce over the last 15 years. Still, it’s small businesses that were most hit by the recession crisis in 2008, and it’s been a slow recovery process since. Over the past five years, 53 percent of small businesses have applied for funding; one in four of those businesses have applied more than once.
A small business loan can be a saving grace for your business, but only if the proper precautions are taken. Business owners seeking the best way to get a small business loan should understand the pros and cons before making a decision.  

Small Business Loan Pros Continue reading “The Real Pros & Cons of Small Business Loans”

Global Alternative Funding Forum Set to Be Held November 11th in Los Angeles

Global Alternative Funding ForumThe 5th annual Global Alternative Funding Forum is set on November 11, 2016, from 8 AM to 6:30 PM at the Skirball Center, Los Angeles, CA 90049. This exclusive thought-leadership annual gathering with a think-tank theme is known worldwide for bringing together the world class financiers, the most prominent business leaders, private investors, government officials and other top experts and powerful authorities in the field of capital formation for young ventures and emerging growth companies.

Here, Victoria Silchenko, Global Alternative Funding Forum creator and producer, educator & leading alternative funding expert, founder of Metropole Capital Group, is sharing her observations. Continue reading “Global Alternative Funding Forum Set to Be Held November 11th in Los Angeles”

Bellevue's Outerwall to Be Acquired, Return to Private Ownership


Transaction Valued at Approximately $1.6 Billion
Outerwall Board of Directors Declares $0.60 Quarterly Dividend

Bellevue-based Outerwall Inc. has announced that it has entered into an Agreement and Plan of Merger with affiliates of certain funds managed by affiliates of Apollo Global Management, LLC, a global alternative investment manager, pursuant to which the Apollo Funds will acquire all of the outstanding shares of Outerwall common stock for $52.00 per share in cash.  No word was given as to whether the company will be relocated or jobs will be affected.
Continue reading “Bellevue's Outerwall to Be Acquired, Return to Private Ownership”


PhroogalPhroogal’s 30 Cities in 30 Days Campaign To Break The Taboo About Money Will Make Stops In 7 More Cities

(Elizabeth, NJ)- Phroogal, a financial education service that empowers millennials to make better informed financial decisions, is on the final leg of their Road to Financial Wellness tour. The Road to Financial Wellness Tour zigzagged across the country this month, making stops at 30 cities in 30 days to get millennials talking about their financial wellness. The tour kicked off June 1 in Portland, ME and will wrap up in Los Angeles, CA on June 30. By the end of the month, the Phroogal team will have travelled 10,000 miles on their epic cross country road trip.

The team has made a pit stop in a different American city every day since June 1, spending the day speaking with local residents and millennials about their financial stories and participating in localized events such as financial education workshops, fairs, coffeehouse discussions and impromptu street level discussions. Phroogal has teamed up with credit unions, nonprofits, financial institutions and government organizations to help make navigating financial health accessible to young adults.

“Throughout this trip, we have witnessed remarkable conversations and honest dialogue about financial wellbeing,” says Jason Vitug, CEO and founder of Phroogal. “We have had great success in teaming up with various organizations in helping to tie financial education to achieving lifestyle goals and making smart financial decisions.”

Sponsored nationally by, The Road to Financial Wellness events are aimed to start local conversations about money and turn them into a national conversation about financial well-being. The events vary from one location to another but each include discussion about money mindsets. As the tour winds up, attendees will talk about their relationship with money and learn about the resources and tools that empower their communities to make better financial decisions. The events will include an hour or longer session where the Phroogal team can engage, discuss and present information to the attendees.

Phroogal will be making stops in the following cities for the remainder of the Road to Financial Wellness:

·         June 24: Missoula, MT

·         June 25: Seattle, WA

·         June 26: Portland, OR

·         June 27: Berkeley, CA

·         June 28: Mountain View, CA

·         June 29: San Francisco, CA

·         June 30: Los Angeles, CA

Be sure to follow Phroogal and the events hashtag #TheRoad on Facebook, Twitter, Instagram and Snapchat.


Phroogal is a millennial lifestyle brand that understands knowledge empowers people to make better informed financial decisions. Phroogal provides bite-sized information and access to relevant and reliable resources and tools in the format that millennials understand. Phroogal is based in Elizabeth, NJ and was founded in 2013 by Jason Vitug, a millennial and entrepreneur whose vision is to democratize knowledge to empower his generation to live their dream lifestyle.