T-Mobile Shares Halted at the Close of Trade

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Jan. 8 (Bloomberg) –- Bloomberg’s Trish Regan, Adam Johnson, Alix Steel and Cory Johnson report on the reasons why shares were halted despite the company saying it had its best quarter in 8 years on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

T-mobile shares, they were halted towards the end of trading there.

T-mobile saying that they added more than 1.6 million subs in the fourth quarter, having their best quarter in eight years.

Is that correct, that they were halted?

Right at the close of trading.

Some fairly good news for them.

Context, they have been adding subs and creating stronger levels, but the revenue for additional subs has not been strong.

In other words it is costing them additional money?

They are getting more customers, but not more money.

The low hanging fruit has been a struggle for t-mobile.

They have been adding customers, but not the ones who are the most valuable.

The ceo will be joining us from ces.

John leonard?

John leonard, in the news yesterday, he got kicked out of a party the night before.

The at&t party.

They caught him there in that hot pink t-mobile t-shirt.

By the way, they have got what, four percent, five percent market share?

They are making some aggressive steps to get there.

The cost of the marketing that the ceo is bringing is helping them to do that and gained some attention.

Let's not forget, these are capital-intensive industries.

Companies that need to borrow a lot of money to build out the way they are looking to build out.

All right, let's get to the

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