T-Mobile raises free cash flow forecast as customers migrate to premium plans
T-Mobile raised its forecast for annual adjusted free cash flow on Thursday and beat quarterly profit estimates, fueled by customer migration to pricier premium plans.
The telecom provider has been retiring some legacy wireless plans and moving affected customers to newer offerings, with unlimited premium data and device-upgrade options.
“We are seeing new customers really kind of adopt our most premium plans at a rate of about 60% of total sales,” Chief Operating Officer Jon Freier told Reuters.
