T-Mobile raises free cash flow forecast as customers migrate to premium plans

July 23 : T-Mobile raised its forecast for annual adjusted free cash flow on Thursday and beat quarterly profit estimates, fueled by customer migration to pricier premium plans. The telecom provider has been retiring some legacy wireless plans and moving affected customers to newer offerings, with unlimited premium data and device-upgrade options."We are seeing new customers really kind of adopt our most premium plans at a rate of about 60 per cent of total sales," Chief Operating Officer Jon Freier told Reuters.The company has been modernizing its wireless plan portfolio and enhancing benefits for legacy customers as part of a broader push to migrate subscribers to its newer "Experience" plans, he added. T-Mobile now expects adjusted free cash flow between $18.4 billion and $18.8 billion,