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.
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.