The Telekom subsidiary T-Mobile US has presented its figures for the final quarter and, despite falling net profit, is positive about the future.
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 in the three months to the end of December to fall 44 percent year-on-year to $422 million (373 million euros), as T-Mobile announced after the US market close 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.
Source: Stern
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
