US Markets

T-Mobile beats phone subscriber estimates

T-Mobile US Inc on Thursday beat analysts' estimates for second-quarter net new phone subscribers who pay a monthly bill, boosted by the U.S. mobile carrier's competitive wireless plans aimed at fending off its bigger rivals.

July 25 (Reuters) - T-Mobile US Inc TMUS.O on Thursday beat analysts' estimates for second-quarter net new phone subscribers who pay a monthly bill, boosted by the U.S. mobile carrier's competitive wireless plans aimed at fending off its bigger rivals.

The third-largest U.S. mobile carrier said it added a net 710,000 phone subscribers in the three months ended June 30, compared with 686,000 additions a year earlier.

Analysts were expecting 643,000 new subscribers, according to research firm FactSet.

T-Mobile US is awaiting approval for its $26.5 billion deal to buy smaller rival Sprint Corp S.N as it strives for more scale to compete with bigger rivals such as Verizon Communications Inc VZ.N and AT&T Inc T.N.

(Reporting by Vibhuti Sharma in Bengaluru; Editing by Sriraj Kalluvila)

((vibhuti.sharma@thomsonreuters.com; within U.S. +1-646-223-8780; outside U.S. +91 702 213 2017; Reuters Messaging: vibhuti.sharma.thomsonreuters@reuters.net; Twitter- @VibhutiSharmas))

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