FILE PHOTO: A T-Mobile logo is advertised on a building sign in Los Angeles, California, U.S., May 11, 2017. REUTERS/Mike Blake
(Reuters) -T-Mobile US Inc beat estimates for first-quarter earnings on Wednesday as its heavy investments in ramping up 5G cellular networks helped it add more phone subscribers than expected and raise its forecast, sending its shares up about 3%.
Although the move to 5G and fiber optic-powered broadband internet has come at a huge cost for U.S. telecom players, hunger for data in a connected world is expected to drive a big rise in subscriber numbers in the coming years.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
