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 attractive promotional offers.<br> The company added thousands of wireless subscribers over the last few years, thanks to hefty discounts on smartphones, industry-low plan prices and | + | 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, industry-low plan prices and an edge in 5G.<br><br>If you loved this report and you would like to get additional information with regards to [https://evigetir.com/hassasnakliye.html EvdEn EVe NAkliYAT] kindly pay a visit to the website. 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> [https://www.androidheadlines.com/2023/03/t-mobile-is-shutting-down-some-of-its-signature-stores-in-the-us.html T-Mobile's] net income rose to $1.48 billion, or [http://classicalmusicmp3freedownload.com/ja/index.php?title=%E5%88%A9%E7%94%A8%E8%80%85:BradfordTabor1 EVDEN eve NAkLiYAt] $1.18 per share, from $422 million, evDen eVE [https://en.wikipedia.org/wiki/Autonomous_system_(Internet) NaKliYaT] or 34 cents per share, a year earlier.<br> In January, [https://evigetir.com/ntpc/form.html eVdeN evE nAkliYat] the company said it was investigating a data breach that may have exposed 37 million postpaid and prepaid accounts, and it may incur significant costs related to the incident.<br> T-Mobile expects to add between 5 million and 5.5 million net monthly-bill paying subscribers in 2023, [https://mediawiki.wikisoc.org/index.php?title=User:MaryannPittmann 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> |
