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, | + | 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, [https://evigetir.com/anasayfa.html EvDeN EvE naKLiYAt] thanks to hefty discounts on smartphones, 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. In case you loved this information and you wish to receive more info relating to [https://evigetir.com/evdeneve/gizlilik.html EVden Eve NAkLiYaT] assure visit the web-site. 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.flickr.com/search/?q=T-Mobile%27s T-Mobile's] net income rose to $1.48 billion, [https://worldwidemagzines.com/2023/04/29/brazil-sinks-rusting-old-aircraft-carrier-in-the-atlantic-5/ evDEn EVe NAKliyAt] or $1.18 per share, from $422 million, or [https://evigetir.com/ee.html evdEN Eve naKliyat] 34 cents per share, a year earlier.<br> In January, the company said it was investigating a data breach that may have exposed 37 million postpaid and [https://evigetir.com/evdeneve/index.html EvDeN eVe nakLiyat] 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 6.4 million additions it reported in 2022.<br><br>(Reporting by Eva Mathews in Bengaluru; Editing by Shinjini Ganguli)<br> |