Key facts
- More than 60% of new postpaid accounts opted for top-tier plans.
- T-Mobile plans to launch new T-Mix wireless plans next month.
- The carrier beat quarterly revenue estimates with $23.58 billion.
T-Mobile raised the lower end of its annual adjusted free cash flow forecast on Wednesday, citing strong customer growth and a shift towards premium plans. The wireless carrier added 274,000 postpaid net accounts in the third quarter, surpassing analyst expectations. Revenue increased by 7.4% to $23.58 billion, beating estimates. The company is focusing on increasing revenue from its existing customer base by encouraging subscribers to move to higher-priced plans and by introducing more flexible offerings like the upcoming T-Mix wireless plans. Average revenue per account rose 4% to $155.73.