The third-largest U.S. wireless carrier by subscribers has been awaiting a decision on its proposed merger with Sprint Corp . The two companies delivered closing arguments in a federal court last month against a multi-state lawsuit that argues the merger will increase prices for the consumers.
The company added one million net new monthly paying subscribers in the fourth quarter ended Dec. 31, in line with analysts’ estimates from research firm FactSet.Excluding items, the company earned 87 cents, beating analysts’ average estimate of 83 cents. Revenue rose to $11.88 billion from $11.45 billion, edging past analysts’ average estimate of $11.83 billion, according to IBES data from Refinitiv.Our Standards:
They’re headquartered in a Pizza Hut?
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