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T-Mobile adds 1 million phone subscribers in fourth quarter


(Reuters) - Inc said on Wednesday it added 1 million net new monthly bill paying phone subscribers in the fourth quarter.

The company's shares were up about 1.5 percent at $68.79 in trading before the bell.

Last month, won backing from two national security reviews for its deal to buy smaller rival as it strives for more scale to compete with Inc and Inc.

The report on subscriber numbers comes a day after Verizon beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 650,000 customers in the fourth quarter.

In the quarter ended Sept. 30, T-Mobile exceeded analysts' estimates for net new phone subscribers and profit, driven by its competitive and trade-in offers for iPhones aimed at fending off its bigger rivals.

(Reporting by in Bengaluru; Editing by and Shounak Dasgupta)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 09 2019. 20:07 IST