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T-Mobile beats quarterly estimates as Sprint merger decision looms – Source Reuters Tech News

(Reuters) – T-Mobile US Inc (TMUS.O) beat analysts’ estimates for quarterly revenue and profit on Thursday, as the wireless carrier added more mobile phone subscribers to its monthly plans, some of which come bundled with Netflix Inc (NFLX.O) service.

A T-Mobile store is pictured in the Brooklyn borough of in New York City, U.S., December 3, 2019. REUTERS/Brendan McDermid

The third-largest U.S. wireless carrier by subscribers has been awaiting a decision from a federal judge on whether it can move forward with its $26.5 billion merger with Sprint Corp (S.N). Multiple states had sued to block the deal, arguing it is anticompetitive and will raise prices for customers.

Revenue rose to $11.88 billion from $11.45 billion, edging past analysts’ average estimate of $11.83 billion, according to IBES data from Refinitiv.

T-Mobile launched its 5G network, the next generation of wireless, in December. The company said its 5G now covers more than 200 million people nationwide with Chief…

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Source Reuters Tech News

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