T-Mobile’s Promotions Fuel Growth as New Users Top Estimates
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T-Mobile US Inc.’s data giveaways, rollover offers and price cuts fueled subscriber growth last quarter, prompting the mobile carrier to raise its annual forecast.
The fourth-largest U.S. wireless company added 1.1 million new monthly subscribers under its T-Mobile and MetroPCS brands in the first quarter, more than the average of 930,000 predicted by five analysts surveyed by Bloomberg.