T-Mobile U.S. said on Monday it added more subscribers than expected in the first quarter as promotional offers helped the No. 3 wireless carrier win over customers despite new unlimited data plans from competitors.
T-Mobile’s net income rose to $698 million, or 80 cents per share, in the quarter ended March 31, from $479 million, or 56 cents per share, a year earlier.
Total adjusted revenue rose nearly 11% to $9.61 billion.
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T-Mobile said it added 914,000 branded postpaid subscribers, who pay bills monthly, on a net basis, during the period. Analysts on average had expected net additions of 847,000, according to market research firm FactSet StreetAccount.
Churn, or customer defections, was 1.18%, compared with the average analyst estimate of 1.27% according to FactSet.
The company also raised its 2017 forecast for branded postpaid net additions to a range of 2.8 million to 3.5 million, from 2.4 million to 3.4 million previously.
T-Mobile shares tmus were halted ahead of the earnings report.