Latest news with #Bellevue
CNA
39 minutes ago
- Business
- CNA
T-Mobile boosts subscriber forecast on demand for premium wireless plans
T-Mobile raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services. Its shares shot up 5 per cent in extended trading. The carrier now expects to add between 6.1 million and 6.4 million subscribers in 2025, compared with its prior projection of 5.5 million to 6 million additions. T-Mobile's postpaid Experience plans, launched in April, have resonated well with customers. These plans bundle streaming services such as Netflix and Apple TV+ and come with a five-year price guarantee. "About 60 per cent of the new accounts that join us are taking the Experience More and Experience Beyond plan," Jon Freier, president of T-Mobile's Consumer Group, told Reuters. The plans also include the carrier's satellite service T-Satellite that was made available to its own users and those of rivals Verizon and AT&T earlier on Wednesday. The carrier's aggressive promotions and add-on perks have helped it maintain an edge over rivals and increase market share. T-Mobile added 830,000 postpaid phone customers in the second quarter, surpassing FactSet estimates of 700,300 additions. It also reached a deal to sell its entire portfolio of 800 megahertz licenses to private investment firm Grain Management for $2.9 billion in cash and all of Grain's 600 MHz spectrum licenses. The Bellevue, Washington-based company plans to close its $4.4 billion acquisition of regional wireless carrier United States Cellular on August 1, CEO Mike Sievert said on a post-earnings call, after the U.S. Federal Communications Commission approved it earlier in July. T-Mobile, the last among the big three U.S. telecom carriers to report results, posted second-quarter total revenue of $21.13 billion, beating analysts' estimates of $21.02 billion, according to data compiled by LSEG.
Yahoo
2 hours ago
- Business
- Yahoo
T-Mobile raises forecast for annual subscriber additions
(Reuters) -T-Mobile raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services. Shares of the Bellevue, Washington-based company rose 3.5% in extended trading. The carrier now expects to add between 6.1 million and 6.4 million subscribers in 2025, compared with its prior projection of 5.5 million to 6 million additions. Telecom operators in the U.S. have boosted their plans with attractive trade-in deals and price guarantees to fend off competition as they grapple for a shrinking pool of new users. T-Mobile's postpaid Experience plans, which bundle streaming services such as Netflix and Apple TV+, come with a five-year price guarantee for customers. Its aggressive promotions and add-on perks have helped the company maintain an edge over rivals and increase its market share. It added 830,000 postpaid phone customers in the second quarter, surpassing FactSet estimates of 700,300 additions. T-Mobile, the last among the big three U.S. telecom carriers to report results, posted second-quarter total revenue of $21.13 billion, beating analysts' estimates of $21.02 billion, according to data compiled by LSEG. Rival AT&T beat quarterly profit estimates on Wednesday and added more wireless subscribers than expected, while Verizon raised the lower end of its annual profit forecast on Monday.
CNA
2 hours ago
- Business
- CNA
T-Mobile raises forecast for annual subscriber additions
T-Mobile raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services. Shares of the Bellevue, Washington-based company rose 3.5 per cent in extended trading. The carrier now expects to add between 6.1 million and 6.4 million subscribers in 2025, compared with its prior projection of 5.5 million to 6 million additions. Telecom operators in the U.S. have boosted their plans with attractive trade-in deals and price guarantees to fend off competition as they grapple for a shrinking pool of new users. T-Mobile's postpaid Experience plans, which bundle streaming services such as Netflix and Apple TV+, come with a five-year price guarantee for customers. Its aggressive promotions and add-on perks have helped the company maintain an edge over rivals and increase its market share. It added 830,000 postpaid phone customers in the second quarter, surpassing FactSet estimates of 700,300 additions. T-Mobile, the last among the big three U.S. telecom carriers to report results, posted second-quarter total revenue of $21.13 billion, beating analysts' estimates of $21.02 billion, according to data compiled by LSEG. Rival AT&T beat quarterly profit estimates on Wednesday and added more wireless subscribers than expected, while Verizon raised the lower end of its annual profit forecast on Monday.
Reuters
2 hours ago
- Business
- Reuters
T-Mobile raises forecast for annual subscriber additions
July 23 (Reuters) - T-Mobile (TMUS.O), opens new tab raised its annual forecast for postpaid net customer additions on Wednesday and added more wireless subscribers than expected in the second quarter, signaling steady demand for the telecom giant's top-tier mobile services. Shares of the Bellevue, Washington-based company rose 3.5% in extended trading. The carrier now expects to add between 6.1 million and 6.4 million subscribers in 2025, compared with its prior projection of 5.5 million to 6 million additions. Telecom operators in the U.S. have boosted their plans with attractive trade-in deals and price guarantees to fend off competition as they grapple for a shrinking pool of new users. T-Mobile's postpaid Experience plans, which bundle streaming services such as Netflix and Apple TV+, come with a five-year price guarantee for customers. Its aggressive promotions and add-on perks have helped the company maintain an edge over rivals and increase its market share. It added 830,000 postpaid phone customers in the second quarter, surpassing FactSet estimates of 700,300 additions. T-Mobile, the last among the big three U.S. telecom carriers to report results, posted second-quarter total revenue of $21.13 billion, beating analysts' estimates of $21.02 billion, according to data compiled by LSEG. Rival AT&T (T.N), opens new tab beat quarterly profit estimates on Wednesday and added more wireless subscribers than expected, while Verizon (VZ.N), opens new tab raised the lower end of its annual profit forecast on Monday.
Bloomberg
2 hours ago
- Business
- Bloomberg
T-Mobile Beats Estimates for Phone Sign-Ups, Lifts Guidance
T-Mobile US Inc., the nation's second-largest wireless provider, reported more new subscribers than analysts were expecting in the second quarter, overcoming a sluggish start to the year. The Bellevue, Washington-based carrier snagged 830,000 new monthly phone customers, according to a statement on Wednesday, above Wall Street projections for 714,000 additions.
