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T-Mobile adds more phone subscribers than expected in fourth quarter

Reuters 

(Reuters) - 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 third largest U.S. was expected to add 857,900 new phone subscribers, according to research firm

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 AT&T 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.

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, 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.

The company's shares were up nearly 1 percent at $68.32 in morning trading.

(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. 20:28 IST
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