T-Mobile Soars After Carrier’s Upbeat 2022 Customer Outlook
- Company may add as many as 5.5 million customers this year
- Some investors had feared a slowdown in mobile phone growth
A T-Mobile store in San Francisco.
Photographer: David Paul Morris/BloombergThis article is for subscribers only.
T-Mobile US Inc. soared as much as 9.5% in extended trading after the company, the No. 2 U.S. wireless carrier, projected 2022 subscriber growth that exceeded most analysts’ expectations.
As part of its fourth-quarter report, T-Mobile said Wednesday it expects to add 5 million to 5.5 million new subscribers this year. Analysts had forecast 5 million, according to the average of analysts surveyed by Bloomberg.