T-Mobile misses estimates for wireless subscriber additions
(Reuters) - T-Mobile reported on Thursday fewer new wireless subscribers than Wall Street expected for the first quarter, as rivals dial up on promotions to stay ahead in a competitive market.
Shares in the Bellevue, Washington-based company fell 3.9% in extended trading.
The company reported postpaid phone net additions of 495,000 in the quarter, compared to FactSet estimates of 506,400 additions.
(Reporting by Juby Babu in Mexico City; Editing by Alan Barona)
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