T-Mobile Posts Strong Gains in Wireless Customers, Raises Outlook

T-Mobile US posted a steep second-quarter loss as costs tied to its network overhaul and legal expenses piled up, but the wireless carrier raised its outlook for the year as it added more of its most valuable customers.

The Bellevue, Wash., company posted a net gain of 723,000 postpaid phone subscribers in the June quarter. The increase topped the average 573,000-connection estimate from Wall Street analysts, according to FactSet. The second-quarter postpaid phone-customer-gain figure excluded about 284,000 connections that were lost as the company shuttered its 3G network, disconnecting users who hadn’t yet upgraded to a newer phone.

Source link

Leave a Reply

Your email address will not be published.