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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 [https://www.healthynewage.com/?s=company 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 treasured this article and  [http://mateenbeat.com/index.php/Brazilian_Navy_Says_It_Will_Sink_apos;ghost_apos;_Aircraft_Carrier_At_High_Sea mateenbeat.com] also you would like to get more info relating to [https://evigetir.com/evdeneve/evden-eve-google-tasinma.html nA] nicely visit our own 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> T-Mobile's net income rose to $1.48 billion, or $1.18 per share, [https://evigetir.com/evden-eve-nakliyat-istanbul.html nA] 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 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><br>[https://www.itis.si/ itis.si]
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