T-Mobile US on Wednesday raised its subscriber growth forecast for the second time this year as the wireless carrier's relatively cheaper plans lured customers reeling from decades-high inflation.
The company expects to add net monthly-bill paying subscribers of between 6 million and 6.3 million in 2022, up from a prior forecast of 5.3 million to 5.8 million. T-Mobile's decision not to raise prices for its wireless plans has helped it rake in more customers in a price-conscious market, while rival telecom companies AT&T and Verizon have had to raise rates to combat higher costs.
The carrier added 723,000 subscribers in the second quarter, much above FactSet estimates of 573,100.
Source: News Formal (newsformal.com)
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