{"id":27467,"date":"2017-04-25T08:59:38","date_gmt":"2017-04-25T08:59:38","guid":{"rendered":"http:\/\/www.biphoo.com\/bipnews\/?p=27467"},"modified":"2017-04-25T08:59:38","modified_gmt":"2017-04-25T08:59:38","slug":"t-mobile-open-to-merger-talks-new-subscribers-top-estimates","status":"publish","type":"post","link":"https:\/\/www.biphoo.com\/bipnews\/business\/t-mobile-open-to-merger-talks-new-subscribers-top-estimates.html","title":{"rendered":"T-Mobile open to merger talks, new subscribers top estimates"},"content":{"rendered":"

\n\tT-Mobile open to merger talks, new subscribers top estimates<\/span><\/span><\/strong><\/span>
\n<\/h2>\n

\n\tT-Mobile US Inc (TMUS.O) is open to merger talks after a federal ban expires this week, the No. 3 U.S. wireless carrier said on Monday, as it reported stronger-than-expected subscriber growth in the first quarter.<\/span><\/span><\/span>\n<\/p>\n

\n\tThe U.S. Federal Communications Commission barred merger talks among telecommunications companies for over a year as it conducted a $19.8 billion auction of airwaves from broadcasters for wireless use. Companies taking part in the auction have been restrained by a quiet period that will end on April 27, when downpayments are due from winners.<\/span><\/span><\/span>\n<\/p>\n

\n\tT-Mobile, the largest winner with an $8 billion bid, is widely expected to be one of the first to have such discussions.<\/span><\/span><\/span>\n<\/p>\n

\n\t"The inorganic and organic possibilities for the company are tremendous," Chief Executive John Legere said on the company's post-earnings conference call. "We are interested in looking at some of the possibilities."<\/span><\/span><\/span>\n<\/p>\n

\n\tReuters reported in February that Sprint's controlling shareholder, SoftBank Group Corp (9984.T), was positioning itself for deal talks with T-Mobile's top shareholder, Deutsche Telekom AG (DTEGn.DE), once the airwaves auction ended.<\/span><\/span><\/span>\n<\/p>\n

\n\tInvestors and analysts have said T-Mobile has other options, including staying independent or combining with companies such as Dish Network Corp (DISH.O) or Comcast Corp (CMCSA.O), as it tries to improve its network. T-Mobile said earlier this month that its airwave purchase would enable it "to compete in every single corner of the country."<\/span><\/span><\/span>\n<\/p>\n

\n\tOn the call, Legere said that satellite TV provider Dish had access to content and spectrum and that Sprint has "an awful lot of scale and a good customer base."<\/span><\/span><\/span>\n<\/p>\n

\n\tT-Mobile has been gaining share from larger competitors AT&T Inc (T.N) and Verizon Communications Inc (VZ.N) in a saturated U.S. wireless market through network improvements and lower prices.<\/span><\/span><\/span>\n<\/p>\n

\n\tT-Mobile said it added 914,000 subscribers who pay bills monthly, on a net basis, in the quarter ended March 31, down from 1.04 billion in the year-earlier period. Analysts on average had expected net additions of 847,000, according to market research firm FactSet StreetAccount.<\/span><\/span><\/span>\n<\/p>\n

\n\tChurn, or customer defections, was 1.18 percent, compared with analysts' estimate of 1.27 percent.<\/span><\/span><\/span>\n<\/p>\n

\n\tNet income rose to $698 million, or 80 cents per share, from $479 million, or 56 cents per share, a year earlier.<\/span><\/span><\/span>\n<\/p>\n

\n\tExcluding items, earnings per share was 48 cents while adjusted revenue was $9.61 billion.Analysts on average were expecting earnings of 35 cents per share on revenue of $9.67 billion, according to Thomson Reuters I\/B\/E\/S.<\/span><\/span><\/span>\n<\/p>\n

\n\tT-Mobile shares were down 1 percent at $65.32 after closing up 1.9 percent on Nasdaq.<\/span><\/span><\/span>\n<\/p>\n

\n\tsource:-http:\/\/www.reuters.com\/article\/us-t-mobile-us-results-idUSKBN17Q25I<\/span><\/span><\/span><\/p>\n

\n\t\t\t
\n\t\t\t <\/div><\/div>\n\t\t