Oct 23 (Reuters) - T-Mobile US ( TMUS ) on Wednesday
exceeded Wall Street expectations for quarterly wireless
subscriber additions as more customers opted for its discounted
plans that bundle streaming services like Netflix.
The U.S. telecom giant raised its postpaid net customer
additions forecast to be between 5.6 million and 5.8 million,
from its earlier projection of 5.4 million to 5.7 million.
The company's strong performance in customer growth is
largely driven by its high-speed 5G plans, which are often more
affordable compared to those offered by AT&T and Verizon.
T-Mobile, one of the top three telecom carriers in the U.S.,
has seen increased adoption of its premium plans like Go5G Next
and Go5G Plus that include streaming services.
The company announced last month that it plans to launch a
new AI decision-making platform called IntentCX, in partnership
with OpenAI, to offer more personalized customer solutions.
The company added 865,000 postpaid phone customers in the
third quarter, flying past FactSet estimates of 727,500
additions.