A branch of the wireless service provider T-Mobile US in busy Times Square in New York.
(Photo: dpa)
Bellevue The Telekom subsidiary T-Mobile US earned significantly less at the end of the year, but once again gained many customers. High costs caused net income to fall 44 percent year-on-year to $422 million in the three months ended December, T-Mobile said on Wednesday after the US market closed in Bellevue. Revenues increased by a good two percent to $20.8 billion. All in all, T-Mobile booked 844,000 new telephone contracts under its own brand in the final quarter, a significant increase compared to the previous quarter.
The US mobile operator gave a relatively optimistic outlook for the current financial year. T-Mobile announced an increase of up to 5.5 million new customers. With this forecast, the company exceeded the average expectations of financial analysts. That was well received by investors: the stock rose at times by more than eight percent in the after-hours trading. Overall, T-Mobile earned $3.0 billion last year, a good one percent less than in the previous year. Sales in 2021 rose 17 percent year-on-year to $80.1 billion.
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