Welcome to our dedicated page for T-Mobile US news (Ticker: TMUS), a resource for investors and traders seeking the latest updates and insights on T-Mobile US stock.
T-Mobile US, Inc. (symbol: TMUS) is a leading American wireless network operator headquartered in Overland Park, Kansas, and Bellevue, Washington. The company is majority-owned by Deutsche Telekom AG, holding a 53.3% stake as of April 2023. T-Mobile has grown significantly through strategic mergers, including with MetroPCS in 2013 and Sprint in 2020, establishing itself as the second-largest wireless carrier in the U.S.
With a customer base of 77 million postpaid and 21 million prepaid phone users, T-Mobile commands around 30% of the U.S. retail wireless market. The company has also made significant inroads into the fixed-wireless broadband market, aggressively expanding since 2021 and now serving over 5 million residential and business customers.
In addition to its core wireless services, T-Mobile provides wholesale services to resellers, further diversifying its revenue streams. The company is known for its customer-centric approach, constantly innovating to deliver enhanced services and coverage. This focus on customer satisfaction has earned T-Mobile a robust market position and loyal customer base.
Recent achievements include the nationwide rollout of 5G services, partnerships to expand network capabilities, and initiatives to improve customer service and experience. Financially, T-Mobile continues to perform well, showing resilience and growth even in competitive and challenging market conditions. Through its strategic mergers and innovative services, T-Mobile remains a significant player in the telecommunications industry.
T-Mobile has ramped up its disaster preparedness efforts for the 2024 hurricane and wildfire seasons. They have boosted network hardening by turning on new 2.5 GHz spectrum, adding more permanent backup power solutions, and increasing their fleet of response vehicles. T-Mobile is also launching a Community Support Advocates Program for specialized disaster response training.
New XL SatCOLTs and SatCOWs will be introduced later this year to enhance coverage and connectivity during disasters. The company has also been actively improving its nationwide infrastructure and engaging with government agencies and first responders for better disaster response and recovery.
Customers and communities can expect enhanced connectivity and support during emergencies, with T-Mobile's teams ready to deploy resources and offer aid.
T-Mobile (NASDAQ: TMUS) is celebrating the eighth anniversary of T-Mobile Tuesdays with a week of significant customer giveaways starting June 4. Customers can win prizes such as $80,000 in cash, $8,000 in Shell gas cards, a new Volkswagen, and more.
T-Mobile offers new perks like free 7-Eleven Slurpee drinks, $2 Little Caesars pizzas, and discounted MLB tickets.
In addition to the Thankiversary prizes, T-Mobile is providing ongoing perks through its Magenta Status, including discounted hotel stays, movie tickets, and exclusive concert access.
Since 2016, T-Mobile Tuesdays have given away over 1 billion perks, enhancing customer loyalty with meaningful rewards.
T-Mobile (NASDAQ: TMUS) has increased its disaster preparedness initiatives ahead of the 2024 hurricane and wildfire seasons. The company has enhanced its network resilience by activating new 2.5 GHz spectrum for almost 60 million customers, adding permanent backup power solutions like generators and batteries, expanding its fleet of emergency response vehicles, and launching a Community Support Advocates Program.
T-Mobile's network emergency assets have grown by 2.4 times in three years, with additional SatCOLTs, SatCOWs, and heavy-duty trucks. The new XL SatCOLTs and XL SatCOWs will be introduced later this year to provide extensive coverage and connectivity. Specialized disaster training is now available for employees through the Community Support Advocates Program.
The company continues to work with government agencies, public utilities, and other organizations to refine its disaster response strategies. T-Mobile's National Operations Centers monitor the network 24/7, ensuring robust service during emergencies.
Mike Sievert, CEO of T-Mobile, delivered a commencement speech to the MBA Class of 2024 at the Wharton School of the University of Pennsylvania. He shared four key lessons not typically taught in business school: taking risks, fostering relationships, amplifying successes, and the power of storytelling.
Sievert emphasized the importance of taking personal and professional risks, using his experiences at T-Mobile to illustrate how risk-taking can drive growth and innovation. He highlighted the company's growth from a $6 billion market cap to $195 billion.
He stressed the value of maintaining and nurturing relationships, recounting personal anecdotes to illustrate their long-term importance. Sievert advised focusing on areas of success and amplifying them rather than solely addressing problems.
Lastly, he underscored the significance of storytelling in business, suggesting that effective communication can advance careers and business objectives.
T-Mobile (NASDAQ: TMUS) announced its acquisition of UScellular’s wireless operations, including customers, stores, and certain spectrum assets. This move aims to enhance T-Mobile’s 5G network, especially in rural areas, offering improved connectivity and value-packed plans. The transaction, valued at approximately $4.4 billion, comprises cash and up to $2 billion of debt assumption. T-Mobile expects around $1 billion in annual cost synergies post-integration, with completion anticipated by mid-2025. The acquisition promises to spur competition, improve customer experiences, and expand T-Mobile's market reach.
T-Mobile's Magenta Giving Month in April 2024 saw employees volunteer over 21,000 hours and raise more than $2.6 million, surpassing last year's $2 million. The initiative empowered employees to contribute to 9,064 causes, ranging from education to environmental conservation, with $30 seed funding from the T-Mobile Foundation. Significant contributions included 349 units of blood donated to the American Red Cross and 11,780 STEM supplies packed for Boys & Girls Clubs. Recognized as a leader in corporate philanthropy, T-Mobile also participated in smaller initiatives like planting 157 trees and packing 7,000 meals. This comprehensive effort highlights T-Mobile's commitment to social good.
T-Mobile US, Inc. (NASDAQ: TMUS) announced that its CEO, Mike Sievert, will present at the J.P. Morgan Global Technology, Media and Communications Conference on May 21, 2024, at 1:05 p.m. EDT.
Sievert will provide a business update during the presentation. The event will be webcast live on T-Mobile's Investor Relations website, with an on-demand replay available post-event.
T-Mobile is known for its advanced 4G LTE and 5G networks, delivering reliable connectivity and competitive innovation. The company operates flagship brands T-Mobile and Metro by T-Mobile.
For more information and to receive financial news updates, visit T-Mobile’s Investor Relations website.
T-Mobile (NASDAQ: TMUS) has announced the launch of the REVVL 7 Series, including the REVVL 7 5G and REVVL 7 PRO 5G, available exclusively to T-Mobile, T-Mobile for Business, and Metro by T-Mobile customers starting May 23. The new smartphones offer premium features like the Qualcomm Snapdragon 6 processor, high-quality cameras, and fast charging at an affordable price. T-Mobile is offering deals such as getting the REVVL 7 5G for free when adding a line or trading in a device. The new Metro Flex plans, also introduced, allow Metro customers to access the same deals as new customers and offer perks like a lifetime warranty and zero activation fees.
The REVVL 7 Series aims to provide high value with extensive free perks, including free access to streaming services and in-flight Wi-Fi, plus other exclusive deals. Business customers also benefit from premium services like unlimited mobile hotspot data and Microsoft 365. The smartphones are also launching in ten European markets under Deutsche Telekom as the T Phone 2 and T Phone 2 Pro.
T-Mobile announced new Metro Flex plans under its prepaid brand, Metro by T-Mobile, aiming to address common industry frustrations. The plans offer free 5G phones to new customers and the same deals to existing customers, a first in the industry. Plans start at $50/month with AutoPay and include numerous perks such as unlimited texts to over 210 countries, Amazon Prime membership, Scam Shield, and Google One. Additionally, Metro introduces the T-Mobile REVVL 7 5G and REVVL 7 PRO 5G smartphones, featuring best-in-class specs and a lifetime warranty. The new plans will be available starting May 16.
T-Mobile (NASDAQ: TMUS) is deploying cutting-edge 5G solutions at the PGA Championship to enhance the fan experience for millions of viewers at home and hundreds of thousands at Valhalla Golf Club from May 15–19. Through T-Mobile’s 5G network, fans will enjoy enhanced views of Hole 13, exclusive pre-championship coverage, and a Club Magenta VIP experience featuring T-Mobile athletes. This partnership is revolutionizing the event broadcast with wireless cameras, faster setup, and portable infrastructure, all powered by 5G technology.
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