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UPDATE 1-T-Mobile's revenue beats due to strong customer additions

Published 2015-07-30, 08:29 a/m
UPDATE 1-T-Mobile's revenue beats due to strong customer additions

(Adds details, shares, background)
July 30 (Reuters) - T-Mobile US Inc TMUS.N reported a
better-than-expected 14 percent jump in quarterly revenue as
aggressive pricing helped it win more customers.
Shares of the No.4 U.S. wireless carrier by revenue rose 3.1
percent to $38.20 in premarket trading on Thursday, after the
company raised its full-year postpaid user addition forecast for
the second time this year.
T-Mobile said it now expected to add 3.4 million to 3.9
million postpaid users in 2015, up from 3.0 million to 3.5
million.
The wireless carrier reported most of its key user metrics
earlier this month. ID:nL3N0ZP4IC
The company added a net 2.1 million customers in the second
quarter, up from 1.5 million a year earlier. It also added 1
million postpaid customers.
T-Mobile, which calls itself the "Un-carrier," said the rate
at which users switched to other networks, also known as
postpaid churn, fell to 1.3 percent in the quarter from 1.5
percent a year earlier. (http://t-mo.co/1KAMOuW)
The company has revamped its pricing plans, eliminated
service contracts and launched aggressive marketing campaigns to
help turn around years of subscriber losses.
However, the costs involved in these efforts have been
hurting profits.
T-Mobile's net income fell to $361 million, or 42 cents per
share, in the second quarter ended June 30, from $391 million,
or 48 cents per share, a year earlier. ID:nBw772595a
Revenue rose to $8.18 billion from $7.19 billion, handily
beating the average analyst estimate of $7.94 billion, according
to Thomson Reuters I/B/E/S.

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