T-Mobile's quarterly revenue jumps 23.4 percent

Markets Reuters

People pass by a T-Mobile store in the Brooklyn borough of New York June 4, 2015. REUTERS/Brendan McDermid (Copyright Reuters 2017)

T-Mobile US Inc, the No. 3 U.S. wireless carrier, reported a 23.4 percent rise in quarterly revenue as it continued to win customers from bigger rivals AT&T Inc and Verizon Communications Inc.

Continue Reading Below

The company's net income rose to $390 million, or 45 cents per share, for the fourth quarter ended Dec. 31 from $297 million, or 34 cents per share, a year earlier.

Total revenue rose to $10.18 billion from $8.25 billion.

(Reporting by Aishwarya Venugopal in Bengaluru; Editing by Anil D'Silva)