T-Mobile CEO clarifies Q4 trends and reaffirms 2024 guidance of 3M postpaid phone net adds

T-Mobile US, Inc.

CEO Sievert at UBS conference states Q4 is trending at least in line with prior expectations, possibly better.
Reiterates full-year 2024 guidance: ~3M postpaid phone net additions and postpaid ARPA growth of ~3%.
Reaffirms multi-year targets through 2027: service revenue CAGR ~5%, Adjusted EBITDA CAGR ~7%.
Business plan supports ~$80B capacity for investments and shareholder returns through 2027.
Also notes highest share of switchers in Q3 since the merger and opportunity in enterprise & large government.

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