T-Mobile misses quarterly revenue estimates as competition bites

Technology
Wednesday, 01 Feb 2023
8:09 PM MYT

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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 missed fourth-quarter revenue estimates on Wednesday despite adding thousands of wireless subscribers, as competitors ramped up their holiday season handset offers to lure customers.

The U.S. wireless carrier has been adding thousands of wireless subscribers lately, thanks to discounts on smartphones, bundled offerings, industry-low plan prices and an edge in 5G, owing to its $23 billion buyout of Sprint Corp. in 2020.

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T-Mobile misses quarterly revenue estimates as competition bites