Mobile

T-Mobile’s cheaper plans, 5G edge help raise subscribers’ expectations for 2022 again

T-Mobile’s cheaper plans, 5G edge help raise subscribers’ expectations for 2022 again

T-Mobile’s cheaper plans, 5G edge help raise subscribers’ expectations for 2022 again

By Eva Matthews

(Reuters) – T-Mobile US Inc on Thursday raised its annual forecast for monthly wireless subscriber additions by paying bills for the third time, as more Americans choose its premium 5G services and cheaper plans than rivals AT&T and Verizon.

Shares in T-Mobile rose 3% in extended trading after the company also beat third-quarter estimates for wireless customer additions, helped by discounts on smartphones and plans at industry-low rates.

It also has an edge in the 5G game, given the 2.5GHz mid-range spectrum it won with its $23 billion acquisition of rival Sprint in 2020, while Verizon and AT&T are building mid-band that offers a good balance of capacity and coverage.

So, while other carriers incur high costs on 5G deployments, T-Mobile’s rollout has been less expensive and beneficial to managing costs, said CFRA analyst Keith Snyder.

T-Mobile executives told Reuters there was a rebound in international travel, strong demand for the most expensive $85 Magenta Max plan packed with streaming services like Apple TV+, driving up subscribers and helping raise expectations via wireless add-ons, and base adjusted earnings. And free cash. flow.

“T-Mobile has done a very good job of making the higher priced plans more valuable to justify the cost,” said Anshel Sag, analyst at Moor Insights & Strategy.

The company added 854,000 monthly phone subscribers in the third quarter, above FactSet’s estimates of 724,800 and 578,000 high-speed Internet customers.

By comparison, AT&T added 708,000 postpaid phone subscribers, and Verizon, the largest US carrier by subscribers, added just 8,000 customers in the same period.

T-Mobile expects to add between 6.2 million and 6.4 million net monthly billed subscribers in 2022, up from a previous forecast of 6 million to 6.3 million.

(Reporting by Eva Matthews in Bengaluru; Editing by Shinjini Ganguly)



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