T-Mobile 4Q Profit Nearly Triples

IndustriesReuters

T-Mobile US, the No.3 U.S. wireless carrier, said its quarterly profit nearly tripled as aggressive discounts helped it add more subscribers.

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Net income rose to $297 million, or 34 cents per share, for the fourth quarter, from $101 million, or 12 cents per share, a year earlier.

Revenue rose 1.1 percent, while the company added 2.1 million customers on a net basis in the quarter.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Don Sebastian)