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T-Mobile Boosts Subscriber Targets After Earnings Beat Estimates


T-Mobile Boosts Subscriber Targets After Earnings Beat Estimates
Scott Moritz, Bloomberg News
A pigeon rests on a T-Mobile logo outside a mobile phone store, operated by Deutsche Telekom AG, in Munich, Germany Photographer: Krisztian Bocsi/Bloomberg
, Bloomberg
(Bloomberg) T-Mobile US Inc. topped Wall Street earnings estimates and boosted its subscriber forecast, a sign the carrier is exploiting its lead in 5G capacity to outpace rivals Verizon Communications Inc. and AT&T Inc.
Profit amounted to 74 cents a share, T-Mobile said Tuesday, compared with an average estimate of 55 cents. Revenue also beat projections, and the company now expects to add as many as 4.9 million subscribers this year, up from no more than 4.7 million in its previous outlook. ....

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