Deals
T-Mobile Client Losses Seen Tripling on AT&T Deal Review: Tech
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T-Mobile USA, the wireless company AT&T Inc. is trying to acquire, may lose three times the number of contract subscribers this year as in 2010 as the U.S. Justice Department’s attempt to stop the deal is hampering the company’s ability to cut prices and creating concerns among users.
The fourth-largest U.S. wireless operator will see the number of customers on monthly contracts decline by about 1.2 million, compared with a drop of 390,000 the year before, according to the average estimate of six analysts surveyed by Bloomberg. That would give the company 33.5 million total customers and 25.2 million contract subscribers by year’s end.