Why T-Mobile (TMUS) Stock Is Up Today

NEW YORK (TheStreet) -- T-Mobile (TMUS) was gaining 8.3% to $31.70 Thursday after adding 1.3 million new postpaid subscribers in the first quarter and on reports that Sprint (S) is preparing to make a bid for the carrier.

In the first quarter T-Mobile added 1.3 million postpaid subscribers, the best-ever quarterly gain for the carrier. That's more than AT&T (T) and Verizon (VZ) added in the first quarter, combined.

T-Mobile raised its forecast for new postpaid subscribers for the year to between 2.8 million and 3.3 million from between 2 million and 3 million.

The carrier reported a net loss of -$151 million, or 19 cents a share, for the quarter. Revenue grew 15.3% to $6.87 billion in the quarter. Analysts surveyed by Thomson Reuters expected revenue of $6.92 billion.

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