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 highlights veteran employment initiatives and interview strategies as part of Veterans Day celebrations. The company successfully completed its 2018 initiative to hire 10,000 veterans and military spouses by 2023. Four T-Mobile veteran employees share key insights for military-to-civilian career transitions, including: leveraging AI tools to translate military experience, preparing situation-behavior-impact stories, and utilizing veteran support networks. The company has donated over $2 million to military and veteran initiatives since 2020 and recently announced a $200K donation to The Mission Continues organization.
Mint Mobile has launched Mint Kids, a new wireless plan specifically designed for children. The plan offers unlimited talk and text plus 5GB of data for $15/month on T-Mobile's 5G network. Features include parental controls for data usage monitoring, no contracts, and flexible modification options. The plan includes free roaming in Canada (up to 3GB), free calling to Mexico and Canada, free mobile hotspot, and Wi-Fi calling. The service requires an upfront payment of $45 for a 3-month plan at the introductory rate, with full-price options available afterward. The plan will be available online and at Target starting next month.
T-Mobile (TMUS) reported outstanding Q3 2024 results with industry-leading growth across all key metrics. The company achieved its highest Q3 postpaid phone net additions in a decade with 865,000 new customers and lowest Q3 postpaid phone churn at 0.86%. Financial highlights include: service revenues up 5% YoY to $16.7B, net income growing 43% YoY to $3.1B, and record Adjusted Free Cash Flow of $5.2B, up 29% YoY. The company reached 6 million broadband customers and returned $1.4B to stockholders in Q3. Following these strong results, T-Mobile raised its full-year 2024 guidance across all metrics.
T-Mobile has provided an update on its response efforts following Hurricanes Helene and Milton in the Southeast states. The company reports that its operations are almost completely back to normal, with the network fully operating and all stores open. Key response efforts include:
- Activated over 600 emergency crew members
- Recovered 96% of network sites within 72 hours
- Deployed over 800 generators and connectivity solutions
- Provided free Wi-Fi to over 17,000 people at 46 Red Cross shelters
- Conducted 121,000 antenna tilts to optimize coverage
- Deployed drones to assist local law enforcement
T-Mobile is encouraging donations to the American Red Cross and is matching employee donations 2:1 through Benevity.
T-Mobile and Miller Electric Company have announced a collaboration to implement a 5G private network for autonomous vehicles (AVs) in Jacksonville, Florida. The project, part of the city's Ultimate Urban Circulator program, will connect a fleet of fully autonomous shuttles along a 3-mile stretch from EverBank Stadium to the new waterfront hub.
The T-Mobile 5G private network will provide secure, reliable two-way communications between the shuttles and the command center, including real-time telemetry data and audio/video feeds. This technology is important for smart city initiatives like AVs, offering advantages over solutions such as Wi-Fi.
The autonomous shuttles are expected to be operational by mid-2025, representing the first of three phases in Jacksonville's Urban Circulator plan. This initial phase will serve as a foundation for expanding automated shuttles to connect adjoining neighborhoods.
T-Mobile US, Inc. (NASDAQ: TMUS) has announced that its wholly-owned subsidiary, Sprint , will redeem the full $1,500,000,000 outstanding aggregate principal amount of its 7.625% Notes due February 15, 2025 (CUSIP No. 85207U AJ4). The redemption will take place on November 15, 2024, at a redemption price equal to 100% of the principal amount, plus accrued but unpaid interest up to, but not including, the redemption date.
The redemption payment will be processed through The Depository Trust Company facilities. The Bank of New York Mellon Trust Company, N.A. serves as the trustee and paying agent for the notes. T-Mobile clarifies that this press release does not constitute a formal notice of redemption or an offer to sell or buy securities.
TCL has announced the launch of the TCL LINKPORT IK511, a groundbreaking 5G RedCap connectivity device, exclusively available at T-Mobile stores starting October 17, 2024. This ultra-portable device, powered by Qualcomm's Snapdragon X35 5G Modem-RF System, enables laptops and tablets to access T-Mobile's standalone 5G network without the need for Wi-Fi.
The LINKPORT IK511 offers faster speeds compared to traditional tethering and LTE Cat 4 connections, with data transfer speeds up to 220 Mbps. It's designed for both consumers and enterprise users, providing access to advanced network features like network slicing and additional T-Mobile services.
Priced at $96, T-Mobile is offering a 50% discount for a time when adding it to select plans. Customers can add it to their plan for just $5/month, turning almost any USB-C device into a 5G connected device.
T-Mobile (NASDAQ:TMUS) has announced the Top 16 finalists in its Friday Night 5G Lights competition, where over 1,700 high schools from small towns across the US competed for a $2 million grand prize to upgrade their football field. Each finalist will receive a $25,000 grant and a T-Mobile celebration at an upcoming home game. The grand prize includes a $100,000 grant, weight room, new scoreboard, 5G network upgrades, and more.
The public can vote for their favorite school until November 12 by liking Instagram videos on www.FridayNight5GLights.com. Each finalist will also participate in a local food bank drive. The competition highlights T-Mobile's commitment to small towns, including investments in rural 5G coverage, Hometown Grants, and Project 10Million for student connectivity.
T-Mobile (NASDAQ: TMUS) has announced the Top 16 finalists in its Friday Night 5G Lights competition, where over 1,700 high schools from small towns across the US competed for a 5G technology upgrade for their football fields. Each finalist will receive a $25,000 grant and a T-Mobile celebration at an upcoming home game. The ultimate winner, chosen by public vote, will receive a $2 million grand prize including a $100,000 grant, weight room, new scoreboard, 5G network upgrades, and more.
The finalists were selected based on their community pride and compelling stories. Voting is open until November 12 at www.FridayNight5GLights.com, where people can view 90-second Instagram videos from each school. The school with the most-liked video will be crowned champion, with results announced in early December.
This initiative is part of T-Mobile's ongoing commitment to small towns, which includes investments in rural 5G coverage, Hometown Grants, and the Project 10Million education initiative.
T-Mobile is responding to Hurricane Milton, which made landfall in Florida on October 11, 2024. The company's network held up well overall, but some sites are down in areas including Tampa, Jacksonville, Miami, and Orlando, potentially impacting customer service. T-Mobile is focused on recovery, with crews assessing and repairing sites while navigating hazardous conditions.
The company is offering unlimited talk, text, and data for T-Mobile, Metro by T-Mobile, and Assurance Wireless customers in 24 affected counties from October 9 to November 11. Community support teams are activating in Gainesville with Wi-Fi trucks and supplies. Stores in Miami Dade, Broward, and Palm Beach counties have reopened, while others in impacted areas remain closed.
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