Citi says T-Mobile (TMUS) indicated on its website that fees for both voice and mobile internet lines will increase. The fee increase for voice lines is 50c per month and for mobile internet lines is 20c per month. Subscribers that have rate plans that include taxes and fees are not impacted by the changes, the analyst tells investors in a research note. This leads Citi to believe the increase is for a small portion of T-Mobile’s subscriber base. The annualized impact to revenue is “apt to be quite small,” especially if subscribers impacted are less than 20% of the current postpaid retail base, the firm contends. It keeps a Neutral rating on T-Mobile.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on TMUS:
- T-Mobile approved to test Nokia wireless equipment by FCC
- T-Mobile US Approves Executive Performance-Based Stock Units
- T-Mobile price target raised to $300 from $275 at Oppenheimer
- Apple, Musk grapple over satellite expansion efforts, WSJ reports
- Apple (AAPL) and Musk’s Starlink to Compete over Satellite Spectrum
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue