(Corrects final paragraph to say revenue was decrease than anticipated)
(Reuters) -Wi-fi service T-Cellular US on Thursday forecast month-to-month bill-paying telephone subscriber progress for the yr above estimates, banking on its large 5G protection and promotional presents to attract in customers.
The corporate expects so as to add 5 million to five.5 million subscribers within the full yr 2024, beating Wall Avenue expectations of two.67 million, in accordance with FactSet.
T-Cellular added 934,000 within the October-December quarter, additionally above expectation of 877,900, in accordance with FactSet, and better than rivals AT&T and Verizon for a similar interval.
The wi-fi service is attracting subscribers on the again of its large 5G community footprint and aggressive presents at a time when progress within the U.S. telecom market is tapering.
Within the fourth quarter, T-Cellular’s complete service income fell 1.3% to $20.48 billion, greater than estimates of $19.64 billion, in accordance with LSEG.
The corporate’s earnings per share have been a lower-than-expected $1.67 for the quarter.
(Reporting by Yuvraj Malik in Bengaluru; Enhancing by Krishna Chandra Eluri)
