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 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 | + | 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/evdeneve/baba.html evDeN EVe nakliyat] thanks to hefty discounts on smartphones, [https://www.bing.com/search?q=industry-low%20plan&form=MSNNWS&mkt=en-us&pq=industry-low%20plan industry-low plan] prices and [http://mypaperblank.com/when-teagan-richards-shared-a-snap-of-her-25-kmart-hack-to-a-23/ Evden eVe NAKliYAT] 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 have any type of concerns pertaining to where and the best ways to make use of [https://evigetir.com/uluslararasi.html evdEn EVe NakLiyAT], you could contact us at our web page. 27 billion in the quarter ended December, 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, 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, [https://www.shownotes.wiki/index.php/User:IrishMullis7 EvDEn EVe NAKliYaT] 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> |
