T-Mobile Misses Quarterly Revenue Estimates
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| - | Feb 1 (Reuters) - Wireless carrier T-Mobile US Inc posted fourth-quarter revenue below Wall Street estimates on Wednesday, as competition heats up with rivals looking to add subscribers through more | + | Feb 1 (Reuters) - Wireless carrier T-Mobile US Inc posted fourth-quarter revenue below Wall Street estimates on Wednesday, as competition heats up with rivals looking to add subscribers through more attractive promotional offers.<br> The company added thousands of wireless subscribers over the last few years, thanks to hefty discounts on smartphones, [https://massinghamfamily.com/ industry-low plan] prices and an edge in 5G.<br><br>But a slowdown in wireless growth and bigger promotions by rivals amid rising costs are hurting T-Mobile now.<br> The company said total revenue fell 2.5% to $20.27 billion in the quarter ended December, below Wall Street's estimate of $20.6 billion, according to Refinitiv data.<br><br>It added 927,000 monthly bill-paying phone subscribers in the quarter.<br> T-Mobile's net income rose to $1. If you liked this post and [https://wiki.team-glisto.com/index.php?title=Pro-Bolsonaro_Demonstrations_Slow_Corn_Transport_In_Brazil_apos;s_Mato... evdEn Eve nakLiyat] you would like to receive much more details with regards to [https://evigetir.com/Evden-Eve-Nakliyat-bh-pl evDeN EVe NAkLiYat] kindly check out the internet site. 48 billion, [https://evigetir.com/Evden-Eve-Nakliyat-tw-dk eVDEN eVE nakLiYat] or $1.18 per share, from $422 million, or 34 cents per share, a year earlier.<br> In January, [https://evigetir.com/Evden-Eve-Nakliyat-at-lv EvdeN eve NaKLiyat] the company said it was investigating a data breach that may have exposed 37 million postpaid and [https://www.indeed.com/career-advice/career-development/prepaid-expenses prepaid] accounts, and it may incur significant costs related to the incident.<br> T-Mobile expects to add between 5 million and [https://wiki.team-glisto.com/index.php?title=Benutzer:CharissaTrammell evdEn Eve nakLiyat] 5.5 million net monthly-bill paying subscribers in 2023, [https://evigetir.com/Evden-Eve-Nakliyat-do-ye evDeN EVE Nakliyat] compared with the 6.4 million additions it reported in 2022.<br><br>(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)<br> |
