The T-Mobile US annual meeting. At this time I'd like to turn the floor over to Tim Höttges. Sir, please go ahead.
Good morning and welcome to the 2025 annual meeting of stockholders of T-Mobile US. My name is Tim Höttges, and I'm the Chairman of the Board of Directors. I will preside over today's meeting. Thank you all for joining us today and for your interest in T-Mobile. Before the formal business of the meeting begins, I would like to first thank my fellow board members for their continued service. I would also like to thank the management team and all T-Mobile employees for your hard work. As you will hear from Mike, T-Mobile delivered another amazing growth year with best-in-class results across wireless and broadband. I'm so incredibly proud of how our employees have served our customers and delivered outstanding business results in 2024. Congratulations, and thank you for your continued dedication. Finally, I would like to thank our stockholders for your continued trust in T-Mobile.
I would also like to introduce the members of the senior leadership team. Mike Sievert serves as our President and Chief Executive Officer. Néstor Cano serves as our Executive Vice President, Strategic Advisor, AI. Ulf Ewaldson serves as our President, Technology. Callie Field serves as our President, Business Group. John Freier serves as our President, Consumer Group. Srini Gopalan serves as our Chief Operating Officer. Janice Kapner serves as our Executive Vice President, Chief Communications and Corporate Responsibility Officer. Mike Katz serves as our President, Marketing, Strategy, and Products. Deeanne King serves as our Executive Vice President and Chief People Officer. Susan Loosemore serves as our Executive Vice President, Strategic Advisor. Mark Nelson serves as our Executive Vice President and General Counsel. Peter Osvaldik serves as our Executive Vice President and Chief Financial Officer. John Saw serves as our Executive Vice President and Chief Technology Officer.
Jeff Simon serves as our Executive Vice President and Chief Information Officer. Omar Tazi serves as our Executive Vice President and Chief Product and Digital Officer. I hereby call the 2025 annual meeting of stockholders to order. We have two items on the agenda today. We will then announce the voting results and adjourn the meeting. Mike Sievert, the Company CEO, will then share some brief remarks on the progress of the company. As is our tradition, we will finish the meeting with questions from our stockholders. Stockholders who wish to ask a question must submit their question electronically through our annual meeting website. Only stockholders are permitted to ask questions, and the stockholders must have a control number to submit a question on the website.
Broady Hodder, our Corporate Secretary, will act as the Secretary of today's meeting, so let me hand it over to Broady to get things started.
Thank you, Tim. As you may have noticed, the agenda and rules of conduct for the annual meeting are available on the virtual meeting website. To conduct an orderly annual meeting, we ask that participants please abide by the rules of conduct. We have also made available through the virtual meeting website a complete list of stockholders as of our record date, April 7th, 2025, and an affidavit of mailing that proxy materials were sent on April 18th, 2025, to each stockholder of record. Steven Tollefsen, a representative of Broadridge Financial Services, was appointed to act as Inspector of Elections at this meeting and has taken his oath. He, along with our current outside audit firm, Deloitte & Touche, have joined the meeting virtually, and I will now turn it back over to Tim for the business of the meeting.
Thank you, Broady. The stockholder list shows that as of the record date of April 7th, 2025, holders of 1,136,660,313 shares of the company's common stock are entitled to vote at this meeting. The Inspector of Elections has informed us that more than 50% of the outstanding shares entitled to vote at this meeting are present in person or by proxy. Based on this report, I declare that a quorum is present and that this meeting is qualified to proceed with the business before us. We will now present and conduct the voting on the business matters to come before this meeting. For stockholders of record, you may vote by clicking the "Vote Here" button. For stockholders who own shares through a broker, you will need to vote as directed by your broker.
If you have already sent or given a written proxy, or if you have voted over the telephone or internet, you do not need to vote at this time, unless you wish to revoke your written proxy or prior vote. The polls are now open but will close as soon as all of the proposals are presented. The first item of business is the election of 13 directors to our Board of Directors to serve for one year until our 2026 annual meeting of stockholders and their successors are elected and qualified. As described in the proxy statement, our Board of Directors has nominated the following individuals for election: André Almeida, Marcelo Claure, Thomas Dannenfeldt, Srikanth Datta, Timotheus Höttges , Christian Illek, James Kavanaugh, Raphael Kübler, Thorsten Langheim, Dominique Leroy, Letitia Long, Mike Sievert, and Teresa Taylor.
The second item and final item of business is the ratification of the appointment of Deloitte & Touche as our independent registered public accounting firm for the 2025 fiscal year. There are no other items to consider at the meeting. The Board of Directors recommends a vote for each of the directors' nominees and a vote for the ratification of the appointment of Deloitte & Touche as our independent registered public accounting firm for the 2025 fiscal year. Management has delivered its ballot to the Inspector of Elections to vote, as directed by the stockholders. Those shares represented at this meeting by proxy. There being no other matters to come before the meeting, voting is now complete, and I declare the polls for voting are now closed at 8:00 A.M. Pacific Daylight Time on June 6th, 2025.
Based on the preliminary tabulations from the Inspector of Elections, we are happy to announce that all of the director nominees standing for elections were elected, and the appointment of Deloitte & Touche as the company's independent registered public accounting firm for the 2025 fiscal year has been ratified. We will report final voting results on a Form 8-K to be filed with the SEC. As there is no other formal business to address, I declare that the meeting is hereby adjourned. I will now turn the meeting over to Mike Sievert, our President and Chief Executive Officer.
Okay, thanks, Tim. Good morning, everyone. Thanks for joining our annual stockholders meeting. 2024 was another breakout year for the Un-carrier. We focused on continuing to do what we do best: delivering the best network, best value, and best experience for our customers. At the same time, we kept innovating to challenge the status quo, creating smarter, more personalized, digital-first experiences that make it easier than ever to be our customer, including solving issues before they even happen. It is the kind of innovation that shows what is possible when you put customers first. That approach helped us once again lead the industry in customer and service revenue growth. It is why more people than ever are choosing T-Mobile. Let me be clear: 2024 was the greatest growth year ever in the storied growth history of T-Mobile.
We welcomed more than 6 million postpaid customer net additions, leading the industry, and had our lowest postpaid phone churn ever. This was quickly followed in Q1 2025, which was the biggest Q1 ever in our history for postpaid net additions. Very simply, what we're doing is resonating deeply with customers in the big markets, in the smaller markets in rural areas, and across both consumer and business and government sectors. It is translating into significant financial success for T-Mobile. We are also making remarkable strides in markets like broadband. As of this March, 6.9 million customers are using T-Mobile high-speed internet. We took a bold step into the future with fiber, laying the groundwork to reach millions of homes through joint ventures with two of the country's fastest-growing fiber providers. At the heart of everything we do is our network.
We've built a strong lead, and we're not slowing down. Our speed, reliability, and overall performance continue to set the standard, and that kind of network leadership is reshaping the industry. Last fall, we introduced T-Priority, including the first 5G network slice in the U.S., designed specifically for first responders. It gives emergency teams up to 5x more network resources than the average user, even in the most congested conditions, giving emergency teams seamless connectivity when they need it and when it matters most. We also made progress with our T-Satellite offering, which is the first and only satellite-to-mobile service in the U.S. that automatically connects to your phone in places traditional networks can't reach.
By the end of 2024, we had more than 400 satellites in orbit, and now we're at over 600, lighting up nearly 500,000 sq mile that aren't covered by any ground cellular. It's literally groundbreaking, and we're looking forward to a full commercial launch very soon. All of this momentum is setting us up for what's next, and it's right in line with the audacious plan we laid out at our second-ever capital markets day last September. We have a clear long-term strategy for how we'll grow, serve, and keep adding value over the next three years. At the core of that plan is a simple idea: using technology and digital capabilities to deepen relationships and earn customers for life. Because of the strength of our 2024 results, we are in a position to do exactly that.
These achievements give us the flexibility to invest in our future and continue to transform our business to serve customers. In turn, we were able to create meaningful value. Last year alone, we returned $14.4 billion to our stockholders. We are moving fast, thinking big, and delivering like never before, and we have a lot to be excited about. Thanks for being part of this journey, and thanks again for joining us this morning. Now I will hand it back to Tim.
Yeah, thank you, Mike. We will now open the meeting for Q&A. Stockholders who wish to ask a question may submit one in writing as directed on the annual meeting website. We have questions coming in, so let's go ahead and take the first question.
Thanks, Tim. The first question reads like this: According to the 1792 Exchange, a nonprofit watchdog, the company consistently takes left-wing positions on numerous divisive issues. Would the company go back to political neutrality? I'll go ahead and take that one. The answer is it's not really the case. In fact, T-Mobile always strives for political neutrality and to advocate for the best interests of stockholders when we engage in political issues. An example of this is TPAC, our employee-funded PAC. TPAC just released their annual report recently, and one of the things it showed is that political contributions made by employees through the TPAC were politically neutral. In fact, 49.7% of the contributions made by the PAC were to Republicans, 48.1% were to Democrats, nonpartisan and independents made up 2.2%. That gives you an example. Thanks for the question.
There's the second question. I read it: The calculation of the COO compensation actually paid total in the pay versus paid performance table for the past several years can dramatically differ from the COO total compensation amount in the summary compensation table. How does the Compensation Committee use the compensation actually paid total compensation figures in its calculation of the COO target total compensation award for the upcoming year? Let me take that. First, thank you for that question. As you have noted, because of the different calculation methodologies required by the SEC, COO compensation shown in the summary compensation table differs from the compensation actually paid shown in the pay versus performance discussion in the proxy. T-Mobile has an existing employment agreement with Mr. Sievert that was entered into in March 2023.
As such, on an annual basis, the Compensation Committee does not consider compensation actually paid and determine the COO's target compensation for the next year. Our executive compensation program emphasizes pay for performance. The 2024 compensation actually paid, as reported in the proxy statement, reflected T-Mobile's very strong operational and financial performance over the year. There are currently no more questions. I can appreciate your contribution here and your questions and comments, and I'll move on. Our program for the day has concluded. Thank you all for attending the company's virtual annual meeting of stockholders and for your continued support of the company. We appreciate the ongoing engagement by our stockholders. We look forward to seeing you all next year again.
Thanks, everyone.
Thanks, everyone.
Goodbye.
Ladies and gentlemen, that does conclude today's presentation. We do thank you for joining. You may now disconnect your lines.