T-Mobile Revenue Beats Estimates on More Mobile Subscribers

Bloomberg07-31

T-Mobile US Inc. reported new monthly mobile-phone subscribers that exceeded analyst estimates, joining its peers in wooing new customers in the second quarter.T-Mobile shares gained 2.7% in ...

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Analysts were expecting 645,300, according to data compiled by Bloomberg. T-Mobile raised its forecast for mobile subscribers this year to between 5.4 million and 5.7 million, from as much as 5.6 million previously.Wireless service revenue grew 4% from a year earlier to $16.4 billion, beating analysts’ estimates of $16.3 billion after T-Mobile increased prices on some of its plans for the first time in nearly a decade.Verizon Communications Inc., the No. 1 wireless carrier in the US, reported last week that it added 148,000 monthly mobile phone customers in the second quarter, beating estimates. AT&T Inc. also surprised the market with 419,000 subscriber additions.T-Mobile reported 406,000 new subscribers to its high-speed internet offerings, including fixed wireless and fiber, beating analyst expectations of 400,700. 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