T-Mobile US Inc said on Thursday it added more monthly bill-paying phone subscribers than expected in the second quarter, as more people used its services to stay connected and work remotely during coronavirus lockdowns.
A T-Mobile store is pictured in the Brooklyn borough of in New York City, U.S., December 3, 2019. REUTERS/Brendan McDermidIts net income, however, dropped sharply due to costs associated with its merger with Sprint Corp, previously the fourth-largest phone provider, which closed in April.
T-Mobile reported 98.3 million customers in those categories, while AT&T had nearly 93 million postpaid and prepaid subscribers in its second quarter. It added 253,000 net new phone subscribers who pay a monthly bill, compared with 710,000 additions a year earlier.T-Mobile’s second-quarter net income fell to $110 million, or 9 cents per share, from $939 million, or $1.09 per share, a year earlier.
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