UPDATE 1-T-Mobile's cheaper plans, 5G edge help lift 2022 subscriber forecast again - Yahoo Finance

(Adds analyst, enforcement comments, shares)

By Eva Mathews

Oct 27 (Reuters) - T-Mobile US Inc connected Thursday raised its yearly forecast for monthly bill-paying wireless subscriber additions for a 3rd time, arsenic much Americans prime its superior 5G services and cheaper plans compared to rivals AT&T and Verizon.

Shares successful T-Mobile roseate 3% successful extended trading aft the institution besides bushed third-quarter estimates for wireless telephone lawsuit additions, helped by discounts connected smartphones and plans astatine industry-low prices.

It besides has an borderline successful the 5G game, owing to the chunky 2.5Ghz mid-band spectrum it won done its $23 cardinal buyout of rival Sprint successful 2020, portion Verizon and AT&T are gathering up the mid-band that provides a bully equilibrium of capableness and coverage.

So, portion different telcos carnivore immense costs connected 5G deployments, T-Mobile's roll-out has been little costly and adjuvant successful managing costs, CFRA expert Keith Snyder said.

T-Mobile executives told Reuters a rebound successful planetary travel, beardown request for its priciest $85 Magenta Max program that is bundled with streaming services specified arsenic Apple TV+, pushed up subscriber additions and helped rise forecast crossed wireless additions, halfway adjusted net and escaped currency flow.

"T-Mobile has done a precise bully occupation of making the pricier plans much invaluable to warrant the cost," said Anshel Sag, expert astatine Moor Insights & Strategy.

The institution added 854,000 monthly bill-paying telephone subscribers successful the 3rd quarter, supra FactSet estimates of 724,800, and 578,000 high-speed net customers.

In comparison, AT&T added 708,000 postpaid telephone subscribers and Verizon, the largest U.S. bearer by subscribers, added lone 8,000 customers successful the aforesaid period.

T-Mobile expects to adhd betwixt 6.2 cardinal and 6.4 cardinal nett monthly-bill paying subscribers successful 2022, up from a anterior forecast of 6 cardinal to 6.3 million. (Reporting by Eva Mathews successful Bengaluru; Editing by Shinjini Ganguli)