T-Mobile Misses Quarterly Revenue Estimates
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| - | Feb 1 (Reuters) - Wireless carrier | + | 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 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. If you loved this short article and you would love to receive more info concerning [https://evigetir.com/anasayfa.html eVDeN EVE NAKliYat] please visit the web page. 27 billion in the quarter ended December, below [http://www.jesus-is-savior.com/Evils%20in%20Government/Federal%20Reserve%20Scam/root_of_all_evil.htm 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, [https://pitha.net/index.php?title=Housing_Storm_Leaves_UK_Exposed_Skews_Policy:_Mike_Dolan EvdeN eVe NaKliYAt] or [https://evigetir.com/evdeneve/montaj%20-%20Kopya.html eVDeN EVe NAkLiyAT] $1.18 per share, evDeN evE NAKLiYaT from $422 million, or 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 prepaid accounts, and it may incur significant costs related to the incident.<br> T-Mobile expects to add between 5 million and [https://cnai.education/blog/index.php?entryid=130059 EvDEn EvE nAKLiYaT] 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> |
