(Reuters) - T-Mobile US Inc on Thursday raised its annual forecast for monthly bill-paying wireless subscriber additions for the third time this year, after beating estimates for quarterly additions as inflation-weary people lapped up its affordable plans. The telecoms giant has been offering discounts on
- T-Mobile US Inc on Thursday raised its annual forecast for monthly bill-paying wireless subscriber additions for the third time this year, after beating estimates for quarterly additions as inflation-weary people lapped up its affordable plans.
It also has an edge over bigger rivals Verizon and AT&T who are building up the mid-band portion of their 5G networks to catch up with T-Mobile that won a chunky 2.5 GHz of mid-band spectrum thanks to the buyout of rival Sprint. In comparison, AT&T added 708,000 wireless subscribers in the third quarter, while Verizon, the largest U.S. carrier by subscribers, only added 8,000 customers in the same period due to its price hikes.
T-Mobile expects to add between 6.2 million and 6.4 million net monthly-bill paying subscribers in 2022, up from a prior forecast of 6 million to 6.3 million.