T-Mobile wireless subscriber growth misses estimates as competition heats up


Pedestrians walk past a T-Mobile store in New York, U.S., April 27, 2018. REUTERS/Lucas Jackson

(Reuters) -T-Mobile added fewer wireless subscribers than Wall Street expected in the first quarter as rivals dialed up promotions in a saturating U.S. telecom market, leading to a more than 5% drop in the telecom company's shares after hours.

The report, the last among major U.S. telecom carriers this earnings season, underscored growing competition in a market where operators are leaning on price locks and bundled offers to woo customers as U.S. tariffs cloud the economic outlook.

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