(Bloomberg) — T-Mobile US Inc. reported preliminary wireless subscriber growth for the fourth quarter that slightly beat analysts’ estimates.
(Bloomberg) — T-Mobile US Inc. reported preliminary wireless subscriber growth for the fourth quarter that slightly beat analysts’ estimates.
The second-largest U.S. mobile service provider added 927,000 new phone customers in the period, according to a statement Wednesday. Analysts were expecting a gain of 921,000. The company also signed up 524,000 new high speed broadband subscribers, fewer than the 560,000 analysts predicted.
Thanks to a trove of midband airwaves acquired with the takeover of Sprint Corp. in April 2020, T-Mobile gained about a one-year lead in 5G service on rivals AT&T Inc. and Verizon Communications Inc.
“Because of the network we built, we’ve been able to attract a tremendously high amount of prime customers,” T-Mobile Chief Financial Officer Peter Osvaldik said Wednesday at a Citigroup Inc. investor conference.
T-Mobile, based in Bellevue, Washington, was up 1.6% to $142.26 in extended trading. It gained 21% last year.
(Updates with executive’s comment in fourth paragraph.)
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