T-Mobile US looks optimistically towards the future and expects to have an advantage over its competitors in expanding the 5G mobile network by the year 2024. However, the growth in the number of contract customers is anticipated to be lower than the previous year, as announced by the US mobile telecommunications company on Thursday after the US stock market closed in Bellevue.

The company, which belongs to Deutsche Telekom, however expects further increase in adjusted earnings before interest, taxes, and depreciation (EBITDA) in its core business. However, the recently surged stocks came under pressure as the fourth quarter profit growth did not fully meet the expectations of some analysts.

Before the weekend, the stocks of T-Mobile US recorded a pre-market trading loss of just under three percent at $157.74. After a strong run since mid-October, the stocks had reached a record high of nearly $166 just a few days ago.

The stocks of Deutsche Telekom fell in the German benchmark index DAX by 1.70 percent to 22.85 euros, making them one of the biggest losers.

The company expects an increase in the number of contract customers of 5.0 to 5.5 million for the current year, compared to an increase of 5.65 million in 2023. In the autumn, the CEO of T-Mobile US, Michael Sievert, had promised an increase of 5.7 to 5.9 million for this year.

The total number of customers, including prepaid customers, increased by 5.9 million to nearly 120 million. As a result, service revenue rose by around three percent to $63.2 billion. The EBITDA in the core business, adjusted for exceptional items, increased by approximately ten percent to slightly more than $29 billion (around 26.7 billion euros) in the year 2023.

By 2024, this value is expected to increase to $31.3 to $31.9 billion, excluding the distortion caused by the marketing of end devices. "The solid growth continues," commented analyst John Hodulik of the Swiss major bank UBS on the outlook.

Overall, the result of the US corporation increased from 2.6 to 8.3 billion dollars last year. This disproportionate increase is due to high costs associated with the merger with the smaller rival Sprint, which occurred in the previous year.