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 is responding to the devastating tornados that struck Alabama and Georgia on January 12, 2023. Their Community Support teams are providing essential services, including free Wi-Fi, charging stations, and supplies in Selma, AL, and Griffin, GA. Despite minimal network impact in Selma, a few sites are down in Griffin. Engineers are actively assessing and working to restore services as soon as conditions permit. Some local stores may be closed due to power outages. Customers can check store availability using the store locator.
T-Mobile and Delta Air Lines have announced that starting February 1, 2023, Delta SkyMiles Members can enjoy free in-flight Wi-Fi on all Delta flights, expanding from T-Mobile customers to all travelers. This partnership aims to enhance the travel experience by ensuring connectivity at 30,000 feet, catering to the increasing demand for online access while traveling. Over 700 Delta aircraft are expected to provide this service by the end of 2023, with expansion to international flights planned by the end of 2024.
T-Mobile US (NASDAQ: TMUS) reported record growth in 2022, achieving a remarkable 1.4 million new postpaid accounts, marking the highest in the industry. Full-year postpaid net customer additions reached 6.4 million, exceeding guidance. The company also saw 3.1 million new postpaid phone net customers, with churn rates improving to 0.88% for the year. Additionally, T-Mobile added 2.0 million High Speed Internet customers, reinforcing its position as the fastest growing broadband provider. CEO Mike Sievert highlighted the company's strong 5G network and commitment to customer value.
T-Mobile US, Inc. (NASDAQ: TMUS) will present a business update on January 4, 2023, at 4:15 p.m. Mountain Time during the Citi 2023 Communications, Media & Entertainment Conference. The event will be available via a live webcast on T-Mobile's Investor Relations website, with an on-demand replay accessible afterward. T-Mobile continues to deliver innovative wireless services through its nationwide 4G LTE and 5G networks, emphasizing customer value and service excellence.
T-Mobile has launched a bold campaign called “Make Xfinity Your Ex,” targeting unhappy Comcast Xfinity customers. The initiative offers up to
T-Mobile has announced its latest recipients of the Hometown Grants program, contributing $6.8 million to support community development in 150 towns across 41 states. This initiative is part of T-Mobile's $25 million commitment launched in April 2021, aimed at revitalizing small towns through projects like parks, business incubators, and community spaces. T-Mobile's President, Jon Freier, highlighted the positive impact of the grants, noting an additional $2 million in matching funds from local resources.
T-Mobile has partnered with Cisco to unveil a cloud-native 5G core gateway, enhancing its 5G and 4G services. This upgrade has resulted in a performance boost, with over a 10% improvement in speed and latency. The new gateway simplifies operations and accelerates service deployment, especially for 5G and IoT applications. T-Mobile's Extended Range 5G now covers 323 million people across 1.9 million square miles, with plans to expand Ultra Capacity 5G coverage to 300 million next year.
T-Mobile is enhancing value for its customers this holiday season by offering promotional cash prizes totaling up to
T-Mobile has surpassed its year-end target by covering 260 million people with Ultra Capacity 5G, weeks ahead of schedule. The company has also added a new layer of 1900 MHz mid-band spectrum, enhancing overall 5G speeds and performance. Overall, T-Mobile's 5G network now reaches 323 million people, underscoring its leadership in the wireless market. The expanded capacity aims to offer faster speeds and a more reliable connection for customers nationwide.
T-Mobile (NASDAQ: TMUS) has partnered with VinFast to become the exclusive provider of connectivity for VinFast's smart electric vehicles in North America and Europe. This long-term, multi-million-dollar agreement aims to enhance in-car experiences and utilize near real-time telemetry data for maintenance. T-Mobile will support VinFast's electric vehicle lineup, including models VF 6, VF 7, VF 8, and VF 9, offering services like streaming, live traffic updates, and over-the-air updates. This collaboration underscores both companies' commitment to innovation and customer satisfaction.
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