Economy

Mobile Raises Subscriber Forecast as Price War Rages On

Mobile Raises Subscriber Forecast as Price War Rages On”

T-Mobile added 1.3 million total net subscribers, its 17th consecutive quarter of adding more than one million customers. T-Mobile sells prepaid service through its MetroPCS brand.

T-Mobile posted quarterly earnings on Wednesday that far exceeded Wall Street's wildest expectations. It said the period was a record-breaking quarter in a number of areas, including record service revenue of $7.4 billion, strong net income and record-low postpaid phone churn.

Analysts, on average, estimated T-Mobile would earn 38 cents a share and post revenue of $9.8 billion, according to Yahoo Finance.

Sources also told Reuters that Warren Buffett's Berkshire Hathaway Inc and John Malone's Liberty Media Corp were exploring an investment of US$10 billion to US$20 billion in Sprint.

Unlike in previous quarters, T-Mobile is the first of the big carriers to report results, so we won't know for sure how well it fared relative to its competitors.

The company plans to open 1,500 T-Mobile stores and 1,500 MetroPCS stores this year.

Financials: Earnings more than doubled to $581 million from $225 million a year earlier, as MarketWatch noted, as earnings per share jumped to 67 cents a share from 25 cents a share. Sprint is the usual suspect when it comes to T-Mobile rumors.

The numbers underscore the fact that despite the rival carriers throwing themselves at you for your business, T-Mobile continues to win over new customers. It said its deployment of 700 MHz spectrum is "essentially complete", having gone live in 575 markets and covering 271 million POPs, and it plans to begin deploying services on the 600 MHz airwaves it won during the FCC's recent incentive auction in the next several weeks. Despite T-Mobile's best efforts, Cowen says that Verizon remains positioned as the top carrier in the U.S. Cowen's Synesael says that both T-Mobil and Sprint could pick up some ground during the next year if they enter new markets and continue to claim that their network is as good as Verizon's pipeline.



Like this

loading...
loading...

Latest


20 July 2017
South Korea keen to talk with North Korea to defuse tension
When pressed about possible restrictions on oil sales, Maruyama said, "we are considering" tougher United Nations sanctions. But such preconditions were not attached to the proposals for military talks and Red Cross talks.

20 July 2017
The BidaskClub Lowers Gaming and Leisure Properties, Inc. (NASDAQ:GLPI) to Hold
On December 7 Deutsche Bank made no change to the company rating of "Buy" but moved up the price target from $33.00 to $36.00. Gaming and Leisure Properties , Inc.is a self-administered and self-managed Pennsylvania real estate investment trust (REIT).

20 July 2017
Maintenance Worker Rescued From Water Tower In New Castle County
There was no word on the woman's condition, but she could be seen moving around as SkyForce10 hovered above the rescue. She was taken to an area hospital in serious condition to be treated for head, arm, neck and back injuries.

20 July 2017
Neighbor's auto backs over, kills 3-year-old boy in Utah County
A 3-year-old boy died Wednesday after a vehicle leaving a driveway struck the child, who was on a low-profile riding toy. A witness told officers that the four-door passenger auto was backing up slowly when the child rode into its path.

20 July 2017
Cyberpunk Horror Game Observer Releases Next Month on PS4
Layers of Fear developer Bloober Team are working on another horror game, but this one will have a cyberpunk twist. How far will you go to discover the truth? First is the launch date, August 15, which is much sooner than expected.

20 July 2017
Sells 19745 Shares of Exelixis, Inc. (EXEL)
Exelixis , Inc. closed its last trading session at $26.21 with the loss of -0.23%. (NASDAQ:EXEL) opened at 26.21 on Tuesday. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link .

20 July 2017
Lockheed Martin Corporation (LMT) Earns Buy Rating from Argus
Paradigm Asset Com Limited Liability Com invested in 0% or 16,754 shares. (NYSE:CNP). 2.07 million were reported by Pggm Invests. Equities analysts anticipate that Lockheed Martin Corporation will post $12.56 earnings per share for the current fiscal year.

20 July 2017
MLB Trade: Yankees acquire Todd Frazier, David Robertson from White Sox
The lefty-swinging Rutherford is rated as the No. 30 prospect in the game by MLB.com and No. 36 prospect by Baseball America . He spent his first seven seasons in the Bronx, where he enjoyed the best season of his career in 2011 with a 1.84 FIP.

20 July 2017
Wells Fargo & Company MN Increases Position in Sears Holdings Corporation (SHLD)
California Public Employees Retirement System raised its position in Sears Holdings Corporation by 29.3% in the first quarter. The High Revenue estimate is predicted as 4.21 Million, while the Low Revenue Estimate prediction stands at 4.21 Million.

20 July 2017
Man hospitalized after late-night shooting at Golden Gardens
Seattle police say they recovered almost 30 rounds from the park, including 21 rifle rounds and six.380 rounds. Police are searching for a suspect that shot a man in the back at Golden Gardens Park late Tuesday night.