July 23 (Reuters) - T-Mobile raised its annual
forecast for postpaid net customer additions on Wednesday and
added more wireless subscribers than expected in the second
quarter, signaling steady demand for the telecom giant's
top-tier mobile services.
The carrier now expects to add between 6.1 million and 6.4
million subscribers in 2025, compared with its prior projection
of 5.5 million to 6 million additions.
Telecom operators in the U.S. have boosted their plans with
attractive trade-in deals and price guarantees to fend off
competition as they grapple for a shrinking pool of new users.
T-Mobile's postpaid Experience plans, which bundle streaming
services such as Netflix and Apple TV+, come with a five-year
price guarantee for customers.
Its aggressive promotions and add-on perks have helped the
company maintain an edge over rivals and increase its market
share. It added 830,000 postpaid phone customers in the second
quarter, surpassing FactSet estimates of 700,300 additions.
T-Mobile, the last among the big three U.S. telecom carriers
to report results, posted second-quarter total revenue of $21.13
billion, beating analysts' estimates of $21.02 billion,
according to data compiled by LSEG.
Rival AT&T ( T ) beat quarterly profit estimates on
Wednesday and added more wireless subscribers than expected,
while Verizon raised the lower end of its annual profit
forecast on Monday.