T-Mobile raises forecast for wireless subscriber additions for the third time

T-Mobile US, Inc. raised its annual forecast for monthly bill-paying wireless subscriber additions for the third time this year, after beating estimates for quarterly additions as inflation-weary people lapped up its affordable plans.

The telecoms giant has been offering discounts on smartphones and plans at industry-low prices to attract subscribers and stave off competition.

It also has an edge over bigger rivals Verizon and AT&T who are building up the mid-band portion of their 5G networks to catch up with T-Mobile that won a chunky 2.5 GHz of mid-band spectrum thanks to the buyout of rival Sprint.