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, | + | Feb 1 (Reuters) [https://www.nuwireinvestor.com/?s=-%20Wireless - Wireless] carrier T-Mobile US Inc posted fourth-quarter revenue below Wall Street [https://www.bing.com/search?q=estimates&form=MSNNWS&mkt=en-us&pq=estimates estimates] on Wednesday, [https://evigetir.com/evdeneve/ee.html eVden evE naKLiyAt] 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 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, 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://evigetir.com/evdeneve/tips.html evDeN EvE nAkLiyat] and EVDEn EVE NAkliYAt it may incur significant costs related to the incident.<br> T-Mobile expects to add between 5 million and [https://www.pyress.net/doku.php?id=buye_s_a_e_ushing_to_esale_websites eVDen evE NaKLiYAT] 5. Should you loved this article in addition to you wish to receive more info with regards to [https://evigetir.com/evdeneve/hassasnakliye.html EvDen eVE nakliyat] generously go to the web-site. 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> |