(Reuters) - T-Mobile US Inc on Wednesday beat Wall Street estimates for net new phone subscribers who pay a monthly bill, adding 1 million customers in the fourth quarter.
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.
T-Mobile's postpaid phone churn, or the percentage of subscribers who leave a service provider, was 0.99 percent in the fourth quarter, down from 1.02 percent in the quarter ended Sept. 30.
For the third quarter, T-Mobile exceeded analysts' estimates for net new phone subscribers and profit, driven by its competitive wireless plans and trade-in offers for iPhones aimed at fending off its bigger rivals.
The company's shares were up nearly 1 percent at $68.32 in morning trading.
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