(Reuters) – T-Mobile US Inc (TMUS.O) said on Wednesday it added more monthly bill paying phone subscribers than expected in the first quarter, thanks to a surge in demand for cheaper phone services as people work from home amid coronavirus lockdowns.
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
The telecoms operator said it was confident it would emerge strongly from the pandemic as it expects to lure customers from rivals with its lower priced services.
However, the company did not give a full-year outlook, citing uncertainty linked to the pandemic, following in the steps of its competitors AT&T Inc (T.N) and Verizon Communications (VZ.N).
Shares rose 0.60% in after-market trading.
T-Mobile added 452,000 net new monthly paying phone subscribers in the first quarter, above analysts’ estimates of 426,000, according to research firm FactSet.
The company’s postpaid phone churn, or the…
Source Reuters Tech News
Source link
