Data Hack Could Reduce Short-Term T-Mobile Sub Gains: New Street

The August T-Mobile data breach (see 2108180062) will likely cut postpaid phone net adds for the carrier by 350,000 in Q3, with some lingering effects into Q4, New Street’s Jonathan Chaplin told investors Thursday. New Street still expects T-Mobile to add 3.3 million postpaid phones for the year. “We currently don’t expect the hack to impact long-term adds or financials,” Chaplin said: “We still expect T-Mobile share gains to accelerate as their product advantage becomes apparent.”