T-Mobile raises 2021 postpaid adds forecast on 5G strength


FILE PHOTO: A T-Mobile logo is seen on the storefront door of a store in Manhattan, New York, U.S., April 30, 2018. REUTERS/Shannon Stapleton

(Reuters) -T-Mobile US Inc raised its full-year postpaid subscriber net additions forecast after trouncing analysts' first-quarter estimates on Tuesday, boosted by robust demand for its 5G services from people working remotely.

The wireless carrier has had a head start in the race to ramp up 5G services thanks to its purchase of smaller rival Sprint last year, helping tap into a surge in consumption of internet services during the COVID-19 pandemic.

The wireless carrier expects 2021 postpaid net customer additions between 4.4 million and 4.9 million, compared to prior forecast of 4.0 million to 4.7 million.

The company added 773,000 postpaid phone subscribers in the quarter ended March 31, above FactSet estimates of 475,300.

Total revenue rose to $19.76 billion from $11.11 billion a year earlier, compared with estimates of $18.90 billion, according to IBES data from Refinitiv.

(Reporting by Eva Mathews and Chavi Mehta in Bengaluru; Editing by Sriraj Kalluvila)

Article type: metered
User Type: anonymous web
User Status:
Campaign ID: 46
Cxense type: free
User access status: 3

   

Next In Tech News

Clubhouse launches Android app as downloads plummet
Top U.S. fuel pipeline operator pushes to recover from cyberattack
Musk boosts his brand, and NBCUniversal's, on 'Saturday Night Live'
Colonial Pipeline hackers stole data on Thursday - Bloomberg News
My Facebook was hacked. Instagram and WhatsApp, too. How did this happen?
Earth Talk: What are the environmental pros and cons of GPS apps?
Lifestyle influencer reveals she had to put down her dog for aggression; Internet bites back
Opinion: Relax, Donald you don't need Facebook to reach your fans online
Covid-19 conspiracy beliefs increased among conservative and social media users, Penn study finds
Cyberattack on pipeline spotlights holes in U.S. energy security

Stories You'll Enjoy


Vouchers