T-Mobile reported that it wouldn’t hold any conference call with analysts as the company doesn’t want its financial results to be overshadowed by buzzes it is in talks to merge with Sprint Corporation, the company declined to comment about rumors of merger. In early trading shares of T-Mobile and Sprint moved up. T-Mobile also upraised its outlook for the full year’s subscriber additions and profit. Quarterly profits of T-Mobile US Inc topped analysts’ estimates.
Sprint Corporation (NYSE:S) also decided to announce its fiscal 2017 second quarter financial results on Wednesday, October 25, 2017. Results will be posted on the official website of the company, however the company will not host any conference call. May be it is a step to avoid questioning regarding merger with T-Mobile. Sprint Corporation a communications services company that creates more and better ways to connect its customers to the things they care about most.
T-Mobile, the wireless carrier has reported that, it is open to considering several strategic options and has agreed interest in talking with Sprint about a merger. According to the sources, both of the companies were close to agreeing to tentative terms on a deal in September.
For the quarter ended Sept. 30, net income of T-Mobile was $550 million up from $366 million a year ago.
T-Mobile has taken shares from its rivals through low price and incentives. Last month the company has offered a free subscription to video streaming service Netflix Inc (NFLX) with its limitless data family plans.
T-Mobile is concentrating on its quarterly results, which saw the company to add 595,000 postpaid phone subscribers, or customers who pay at the end of the month and usually boast higher bills and credit scores. It added a total of 817,000 postpaid customers when factoring in other allied devices like tablets and wearables.
However all eyes are on T-Mobile-Sprint merger, whether it would be beneficial or not. Critics notify that the industry may get less competitive, subsequent in less benefits and discounts for consumers. Integrating two national carriers may also prove to be a disruption for the joint company. They also notify that Sprint itself is the product of a futile merger between the original Sprint and Nextel. However, T-Mobile has an advantage of a strong track record of performance.