|
T-Mobile had a number of promotional offers in the fourth
quarter, including a free iPhone 7 offer with eligible trade-in
around Black Friday.
Riding on the success of these offers, the company gained market
share from rivals Verizon Communications Inc, AT&T Inc and
Sprint Corp in an oversaturated U.S. wireless market.
T-Mobile said in January that it added 933,000 postpaid phone
subscribers, or those who pay monthly bills, on a net basis, in
the three months ended Dec. 31.
Chatter around a deal between T-Mobile and Sprint Corp
resurfaced in December after Masayoshi Son, whose SoftBank Group
Corp is a majority shareholder in Sprint, pledged a $50 billion
investment in the United States.
Asked last week about a renewed merger bid with T-Mobile, Son
said he was keeping his options open about Sprint.
T-Mobile's total revenue jumped 23.4 percent to $10.18 billion.
The company's net income rose to $390 million, or 45 cents per
share, for the quarter from $297 million, or 34 cents per share,
a year earlier.
Analysts on average were expecting a profit of 30 cents per
share and revenue of $9.84 billion for the quarter, according to
Thomson Reuters I/B/E/S.
(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil
D'Silva)
[© 2017 Thomson Reuters. All rights
reserved.] Copyright 2017 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
