T-Mobile Sees FY23 Cash Purchase Of Property, Equipment $9.6B-$9.8B Vs $9.5B-$9.7B Prior
Portfolio Pulse from Benzinga Newsdesk
T-Mobile has revised its FY23 cash purchase forecast for property and equipment to $9.6B-$9.8B, up from the previous estimate of $9.5B-$9.7B.
October 25, 2023 | 10:59 am
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T-Mobile's increased investment in property and equipment could indicate a focus on infrastructure expansion or upgrades, potentially leading to improved services and increased competitiveness.
The increased forecast for cash purchases of property and equipment suggests that T-Mobile is planning to invest more in its infrastructure. This could lead to improved services and increased competitiveness, which could potentially boost the company's stock price in the short term.
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