Adding 1 million customers in the fourth quarter, T-Mobile US Inc. exceeded Wall Street expectations on net new phone subscribers who pay a monthly bill. Analysts estimated the number to be 857,900, according to research firm FactSet.
The percentage of subscribers who leave a service provider was 0.99 percent for the mobile carrier in the fourth quarter, down from 1.02 percent in the quarter ended September 30.
Even in the third quarter, T-Mobile’s net new phone subscribers (along with its profit) had edged past analysts' estimates,on the back of its competitive wireless plans and trade-in offers for iPhones. Last month, T-Mobile won approval from two national security reviews for its proposed acquisition of rival Sprint Corp.