T-Mobile loss widens as promotional spending rises
Feb 25 (Reuters) - T-Mobile US Inc, the No.4 U.S. mobile services company, reported a bigger quarterly net loss, hurt by higher spending on promotions.
The company's net loss widened to $20 million, or 3 cents per share, in the quarter ended Dec. 31 from $8 million, or 1 cent per share, a year earlier.
Revenue rose 39 percent to $6.83 billion.
T-Mobile, which is 67 percent owned by Deutsche Telekom , said last month that it added a net 1.65 million customers in the fourth quarter, up from 1.02 million in the third quarter.
- Crunch time for Gaza truce talks as death toll passes 800 |
- 'Weird Al' Yankovic still trying to wrap head around No. 1 album
- World's oldest joke traced back to 1900 BC
- French warplanes search Mali desert for crashed Air Algerie plane |
- Wreckage of Air Algerie plane carrying 116 people found in Mali |