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 (NASDAQ: TMUS) will present a business update on September 7, 2022, at 8:50 a.m. PDT during the BofA Securities 2022 Media, Communications & Entertainment Conference. Key executives, including Peter Osvaldik and Jon Freier, will speak at this event. A live webcast will be available on T-Mobile's Investor Relations website, with an on-demand replay accessible after the presentation. For financial news updates, interested parties can subscribe for email alerts via the same website.
T-Mobile (NASDAQ: TMUS) has launched a new initiative aimed at supporting small businesses by providing them with free marketing tools. In partnership with Canva and Meta (NASDAQ: META), eligible small business customers will receive Canva Pro for six months, along with $200 in advertising credits for Facebook and Instagram. The initiative addresses the challenges faced by small businesses, particularly in marketing, amid labor shortages and inflation. This offer is available to new and existing customers on select business plans through the end of the year.
T-Mobile (NASDAQ: TMUS) is launching wireless discounts for all seniors nationwide, challenging AT&T and Verizon, which only offer discounts in Florida. This initiative aims to assist the 56 million seniors in the U.S. facing economic pressures due to inflation. T-Mobile's 55+ plans provide up to 50% savings compared to competitors. The company has also opened a Wireless Discount Information Center in Arizona to support seniors in accessing these benefits. T-Mobile continues to advocate for customers against the restrictive policies of the major carriers.
T-Mobile (NASDAQ: TMUS) is enhancing its Magenta MAX plan by adding Apple TV+ at no extra cost, effective August 31. This initiative aims to provide customers with added value, estimated at over $225 monthly for two lines, which includes unlimited data, streaming services, and various other perks. T-Mobile emphasizes its status as a value leader in wireless services, supported by its extensive and highly awarded 5G network coverage, reaching 260 million people by the end of 2023.
T-Mobile (NASDAQ: TMUS) has announced the addition of three new companies to its Accelerator program, focusing on utilizing its 5G network for Augmented Reality (AR) applications. The participants include Foundry Six, Stops, and weR, each aiming to drive innovation in sectors such as gaming and retail. T-Mobile's Accelerator has already collaborated with 80 startups, collectively raising over $190 million. Industry analysts predict a 20-fold growth in the AR market from 2020 to 2030, showcasing the potential for 5G-driven AR solutions.
T-Mobile (TMUS) and SpaceX announced a partnership to provide universal cell phone coverage through Starlink satellites, aiming to connect smartphones on T-Mobile’s network to these satellites. The service intends to eliminate mobile dead zones in remote areas of the U.S. and offer text coverage practically everywhere, including in Hawaii and parts of Alaska. The new technology requires no additional equipment and is set to enter beta testing by next year. This move is part of T-Mobile’s broader strategy to enhance connectivity and invite global carriers for reciprocal roaming collaboration.
T-Mobile (NASDAQ: TMUS) has significantly upgraded its 5G network at Yankee Stadium, allowing customers with 5G devices to experience speeds up to 10 times faster than previously. This initiative highlights T-Mobile's commitment to providing the fastest and most reliable 5G service in the U.S., with future upgrades planned for the 2023 season. Currently, T-Mobile covers 320 million people nationwide and aims to extend Ultra Capacity 5G coverage from 235 million to 300 million by 2023, enhancing connectivity for fans and visitors alike.
T-Mobile (NASDAQ: TMUS) has announced the upcoming availability of the new motorola edge, the first 5G smartphone of its kind to be offered by the carrier. Existing and new customers can receive the device for free upon adding a qualifying line. The motorola edge boasts advanced features, including a powerful 5G network, extensive battery life, and a 50MP camera. T-Mobile's Magenta Max plan offers substantial added value, including benefits such as Netflix on Us. This promotion showcases T-Mobile's commitment to delivering innovative technology to enhance customer experience.
T-Mobile (NASDAQ: TMUS) has announced exciting deals on the new Samsung Galaxy Z Fold4 and Z Flip4, available for pre-order. Customers can get the Galaxy Z Flip4 for free or up to $1000 off the Z Fold4 with eligible trade-ins or new lines on the Magenta MAX plan. T-Mobile's 5G network covers 320 million people, offering top speeds and reliability. The Galaxy Z Flip4 and Z Fold4 feature high-end specifications, including advanced cameras and Snapdragon 8+ Gen 1 processors. Additional promotions include discounts on the Galaxy Watch5 series, enhancing customer value amid economic challenges.
T-Mobile US (NASDAQ: TMUS) has achieved its first full investment grade rating after receiving ratings from three major credit agencies, including S&P Global Ratings. The company secured a BBB- rating with a positive outlook, marking a significant milestone in its operational and financial performance. This accomplishment reflects T-Mobile's continuous subscriber growth and increasing free cash flow. T-Mobile's CFO, Peter Osvaldik, emphasized that this rating allows the company better access to investment grade debt markets, enhancing its growth potential.
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