T-Mobile Misses Quarterly Revenue Estimates

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>But a [http://www.hpaa.com/moslo/ 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, [https://ruby.ecs.umass.edu/Umasscleanroom/index.php/I_Ordered_A_Brand_New_%C2%A3999_Apple_IPhone_14_Plus_From_Amazon_But_When_The_Package_Arrived_It_Contained_Two_Candles_And_No_Sign_Of_The_Mobile EVDen EVE nAKliYAT] 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 $1.48 billion, or $1.18 per share,  [https://evigetir.com/evdeneve/hakkimizda.html evden eVE NAKLiyaT] from $422 million, or 34 cents per share, a year earlier.<br> In January, [http://www.tunalinakliyat.com.tr/evden-eve-nakliyat-ankara/ 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, compared with the 6. If you adored this article and you would such as to receive even more information concerning [https://evigetir.com/anasayfa.html EVdEN eVe NAkliyAT] kindly see our own web page. 4 million additions it reported in 2022.<br><br>(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)<br>