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 | + | 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, eVDEN eVe NaKliYAt 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 quarter ended December, below Wall Street's estimate of $20. If you have any concerns pertaining to where by and how to use [https://evigetir.com/evden-eve-nakliyat-istanbul.html EvDeN evE NAkliyaT], you can get hold of us at the web site. 6 billion, according to Refinitiv data.<br><br>It added 927,000 monthly bill-paying phone subscribers in the [https://www.newsweek.com/search/site/quarter quarter].<br> T-Mobile's net income rose to $1.48 billion, [https://evigetir.com/evdeneve/baba.html EvDEN EVe nAKliyaT] or $1.18 per share, from $422 million, or 34 cents per share, a year earlier.<br> In January, [https://sheisl0ved.com/qna/index.php?qa=25355&qa_1=spirit-airlines-beats-estimates-on-strong-travel-demand 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 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> |