T-Mobile Raises Forecast for Subscribers on Strong Quarter
- Adds more broadband, wireless subscribers than expected
- T-Mobile leads mobile industry in wireless internet customers
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T-Mobile US Inc. reported more monthly mobile-phone and broadband subscribers than analysts expected, leading it to raise forecasts for new customers and earnings this year.
The Bellevue, Washington-based carrier reported a net 865,000 additional monthly phone subscribers, it said in a statement Wednesday. Analysts had expected 732,900, according to data compiled by Bloomberg. T-Mobile added more new subscribers last quarter than either AT&T Inc. or Verizon Communications Inc. Revenue rose 4.7% to $20.16 billion, just ahead of analysts’ estimates of $20 billion.