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T-Mobile US (TMUS) announced Thursday earnings, earnings, and wireless additions higher than the first quarter higher than estimates. Despite the beating of T-Mobile's earnings, its action has not changed much, investors are waiting for the regulators' decision on the settlement proposal. Sprint (S) fusion.
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T-Mobile reported adjusted earnings of $ 1.06 per share, up 36% over last year, with business revenue up 6% to $ 11.1 billion dollars. A year earlier, T-Mobile's earnings were 78 cents per share for $ 10.46 billion in revenue. Analysts expect T-Mobile to announce a 92-cent profit on a $ 10.99-billion business for the period ending March 31.
T-Mobile said earnings before interest, taxes, depreciation and amortization, or EBITDA, rose 11 percent to $ 3.28 billion. This exceeded estimates by $ 3.21 billion.
Controlled by Deutsche Telekom (DTEGY), T-Mobile announced that it added 656,000 wireless postpaid subscribers in the quarter, up from 630,000 a year ago.
Analysts estimated that T-Mobile would add 598,000 postpaid subscribers. They are billed monthly and spend more on data services.
If the merger with Sprint is blocked, T-Mobile in good shape
Shares of the provider of wireless phone services software increased slightly to reach 72.80 in trading after trading hours on the stock market. T-Mobile is trading slightly below a 74.16 point of entry.
An escape is unlikely as long as regulators have not commented on the proposed merger with Sprint.
If the merger failed, T-Mobile would still be in good shape, even if it needed more radio spectrum, say analysts. Sprint laden with debt could be in trouble.
Verizon Communications (VZ) and AT & T (T) are the two largest wireless service providers. T-Mobile and Sprint are the third and fourth mobile phone companies.
In 2011, regulators blocked the acquisition of T-Mobile by AT & T. The Ministry of Justice prefers a wireless market with four national players to fuel competition. T-Mobile's market share gains have reinforced this regulatory vision.
Follow Reinhardt Krause on Twitter @reinhardtk_tech.
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