April 25, 2019 / 8:12 PM / a month ago

T-Mobile beats phone subscriber estimates

April 25 (Reuters) - T-Mobile US Inc on Thursday beat Wall Street's first-quarter estimates for net new phone subscribers who pay a monthly bill, aided by its competitively-priced wireless plans aimed at fending off its bigger rivals.

The third-largest U.S. mobile carrier said it added a net 656,000 phone subscribers in the first quarter, compared with 617,000 additions a year earlier.

Analysts were expecting 612,000 new subscribers, according to research firm FactSet.

Revenue rose to $11.08 billion from $10.46 billion, slightly ahead of estimates of $11 billion, according to IBES data from Refinitiv. (Reporting by Akanksha Rana in Bengaluru and Sheila Dang in New York; Editing by Sriraj Kalluvila)

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