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 US will present a business update on March 7, 2023, at 3:55 p.m. PT during the Morgan Stanley Technology, Media and Telecom Conference. The presentation will be led by Neville Ray, president of technology at T-Mobile. A live webcast will be available on the company's Investor Relations website, with an on-demand replay accessible shortly after the event concludes.
T-Mobile, listed as TMUS on NASDAQ, is recognized for its advanced 4G LTE and 5G networks, offering valuable connectivity and innovative services to its customers.
T-Mobile US achieved a significant milestone by executing the world's first four-carrier aggregation data call on its 5G standalone network, reaching peak speeds over 3.3 Gbps. This technological breakthrough involved aggregating four channels of mid-band spectrum, facilitating enhanced data performance. Additionally, T-Mobile expanded its voice over 5G (VoNR) service to four new cities, including Cincinnati, New Orleans, New York, and Seattle, with plans to cover 100 million people. T-Mobile's 5G network now spans 325 million people across 1.9 million square miles, outpacing AT&T and Verizon combined.
T-Mobile, alongside the T-Mobile Foundation and Ashoka, has launched the fifth Changemaker Challenge, inviting U.S. and Puerto Rican youth aged 13-18 to innovate for a sustainable future. Open for applications until May 18, the challenge has seen over 1,500 entries since 2018. Participants have the chance to win seed funding, mentorship, and an all-expenses-paid trip to T-Mobile's Bellevue headquarters. T-Mobile has invested over $2.5 million in the program, providing $414,000 in prizes to date. The initiative emphasizes empowerment, equity, and environmental sustainability among young leaders.
T-Mobile US (NASDAQ: TMUS) recently received the Innovative Mobile Service and Application Award at the GTI Awards 2023 during the Mobile World Congress in Barcelona. This award recognizes T-Mobile's partnership with Pano AI, which utilizes T-Mobile’s extensive 5G network to enhance wildfire prevention efforts in rural areas. Pano AI's technology employs ultra-high-definition cameras and AI to identify wildfires at early stages, supported by T-Mobile's robust data transmission capabilities. The award underscores T-Mobile's leadership in 5G technology and its commitment to mitigating environmental challenges.
Deutsche Telekom and T-Mobile US have launched T-DevEdge, a platform featuring Application Programming Interfaces (APIs) aimed at simplifying network access for developers across the globe. Notably, Siemens Energy is the first partner utilizing these APIs to enhance remote maintenance through Quality-on-Demand attributes, ensuring high network quality. The integration with Microsoft Azure enables developers to harness these network capabilities. The initiative, unveiled at the Mobile World Congress in Barcelona, reflects a significant collaboration focused on improving user experience and fostering innovation in connected solutions.
On February 27, 2023, at Mobile World Congress in Barcelona, Cisco and T-Mobile introduced the Cisco Meraki MG51 and MG51E, marking Cisco's first 5G cellular gateways for fixed wireless access (FWA). These gateways aim to address common business challenges associated with wired broadband, offering simplified, scalable, and reliable network services powered by T-Mobile's extensive 5G network. With features like same-day connectivity, resilient WAN, and robust performance of up to 2 Gbps down, these solutions are designed to enhance customer experiences and operational efficiency across various business sizes.
T-Mobile has released its second annual Scam and Robocall Report, revealing that its Scam Shield technology identified or blocked 41.5 billion scam calls in 2022, a substantial 75% increase from the previous year. This translates to approximately 1,317 calls blocked every second. Despite ongoing challenges from evolving scam tactics, T-Mobile's proactive measures demonstrate its commitment to protecting customers. The report highlights the broader issue of phone scams with Americans estimated to have lost $39.5 billion to such attacks in 2022.
T-Mobile has been closely monitoring the impact of Winter Storm Olive, which has affected regions in the Northeast and Midwest, including Detroit and Chicago. Despite some minor disruptions due to power loss at a few sites, the network has largely remained operational. The company is collaborating with local authorities and power companies to restore affected services swiftly. T-Mobile is also committed to keeping its stores operational, although some may experience early closures for safety. For urgent communications needs, customers can reach out through a dedicated hotline.
T-Mobile US announced an equity investment in Movius through T-Mobile Ventures to enhance T-Mobile MultiLine, a solution enabling compliant mobile communications for businesses. MultiLine allows employees to manage personal and business communications securely on one device, supporting various industries, including regulated sectors such as Healthcare and Government. T-Mobile aims to address communication challenges for businesses, driving adoption in both regulated and non-regulated spaces, including Hospitality and Transportation. This collaboration highlights T-Mobile's commitment to leveraging its 5G network for innovative business solutions.
T-Mobile US (NASDAQ: TMUS) has partnered exclusively with Vail Resorts (NYSE: MTN) in a multi-year agreement to implement 5G technology across its 36 mountain resorts. This collaboration aims to enhance network coverage, improve resort operations, and achieve sustainability goals, aligning with Vail's Commitment to Zero initiative targeting a zero net operating footprint by 2030. T-Mobile's extensive 5G network, noted as the largest and fastest in the U.S., will support over 1,000 resort employees and guests. The deal is expected to elevate customer experiences while promoting innovative business solutions.
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