Stock halted as EPS, revs, adds beat

Mobile carriers have been in fierce competition over the past year as consumers have pushed trends like unlimited data plans and the end of contract commitments. T-Mobile saw data volumes growing about 40 percent year-over-year, technology chief Neville Ray told analysts on a conference call last quarter.

The advent of faster internet speeds, coming with 5G-compatible phone chips, is likely to accelerate the competition for wireless customers. The “super cycle” of iPhone 8 customers expected by analysts could also pose an unprecedented challenge for carriers.

Legere said there’s no “magic” behind T-Mobile’s quarterly results, crediting the beat to investments in the network and “good, old-fashioned focus” from engineers.

“This was a competitive quarter,” Legere said. “It was the first full quarter with all the unlimited plans on the market.”

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