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 $20.27 billion in the | + | 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 [https://dict.leo.org/?search=subscribers 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 [https://evigetir.com/evdeneve/depolama.html eVden eVe NAkLiYAT] bigger promotions by rivals amid rising costs are hurting T-Mobile now.<br> The company said total revenue fell 2. Should you loved this short article and you would love to receive much more information with regards to [https://evigetir.com/uluslararasi.html EvdeN eVE nakLiYat] generously visit our web site. 5% to $20.27 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, Evden EvE NAkliYAT or [https://evigetir.com/evdeneve/ee.html eVDen eVE nAkliYat] 34 cents per share, a year earlier.<br> In January, [https://pgttp.wiki/index.php/ALISON_BOSHOFF:_Adele_apos;s_Earns_%C2%A32million_For_Commuting_To_Las_Vegas 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 [https://evigetir.com/evdeneve/anasayfa.html 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> |
