T-Mobile raises 2021 postpaid forecast on 5G strength

T-Mobile US has raised its full-year postpaid subscriber net additions forecast on Tuesday, boosted by demand for its 5G services from people working remotely.
T-Mobile retail network
The second largest wireless carrier has had a head start in the race to ramp up 5G services thanks to its purchase of smaller rival Sprint last year, helping tap into a surge in consumption of internet services during the COVID-19 pandemic.

The wireless carrier expects 2021 postpaid net customer additions between 4.4 million and 4.9 million, compared to prior forecast of 4.0 million to 4.7 million.

T-Mobile US added 773,000 postpaid phone subscribers in the quarter ended March 31.

Total revenue of T-Mobile US rose to $19.76 billion in Q1 2021 from $11.11 billion a year earlier.

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