February 8, 2018 / 11:10 AM / 5 months ago

T-Mobile profit surges on $2.2 bln tax gain

Feb 8 (Reuters) - T-Mobile US Inc’s quarterly profit rose nearly seven fold as the No. 3 U.S. wireless carrier added subscribers and recorded a $2.2 billion gain from the change in U.S. tax laws.

Net income was $2.71 billion, or $3.11 per share, for the fourth quarter ended Dec. 31, up from $390 million, or 45 cents per share, in the year-earlier period.

Revenue rose 5.1 percent to $10.8 billion. (Reporting by Anjali Athavaley in New York and Supantha Mukherjee in Bengaluru; Editing by Savio D’Souza)

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