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 (NASDAQ: TMUS) and The Drone Racing League (DRL) have partnered to launch the world's first 5G-enabled racing drone. This innovative drone features an embedded 5G module that allows for live streaming high-definition video directly to the Internet. The drone's debut occurred at the MLB Field of Dreams event in Iowa, delivering unique FPV footage over T-Mobile's 5G network. T-Mobile aims to redefine sports entertainment with this technology, enhancing both pilot performance and fan experiences through real-time high-quality video streaming.
T-Mobile announced donations to LULAC and UnidosUS, supporting digital literacy programs for Hispanic communities. Funding will aid LULAC's Conexiones program, introducing STEM skills to high school students, and UnidosUS's Latinx in Business initiative, enhancing digital literacy for entrepreneurs. These programs aim to bridge the digital divide and empower Latino communities through workshops on digital privacy, business operations, and effective internet use. T-Mobile's initiative aligns with its Equity In Action plan to promote diversity and inclusion.
Sarcos Robotics announces a partnership with T-Mobile to integrate 5G technology into its Guardian XT mobile industrial robot. This collaboration aims to enhance remote operations, enabling operators to perform tasks more efficiently and safely in hazardous conditions. The integration will start with a remote viewing system powered by T-Mobile's 5G network, followed by teleoperation capabilities. Both the Guardian XO and XT robots are projected for commercial release by the end of 2022. Sarcos is also set to go public through a merger with Rotor Acquisition Corp.
Fisk University, in collaboration with HTC VIVE, T-Mobile (NASDAQ: TMUS), and VictoryXR, is launching a groundbreaking 5G-powered virtual reality human cadaver lab. This innovative lab will enable students in pre-med and biology programs to study anatomy interactively. The advanced VR technology combined with T-Mobile's Ultra Capacity 5G network allows real-time, high-detail educational experiences. The initiative aims to make Fisk a leader in technology-driven education, reducing reliance on external resources for anatomy classes while also offering VR history courses at significant civil rights sites.
T-Mobile US, Inc. (NASDAQ: TMUS) reported exceptional second quarter 2021 results, achieving 1.3 million postpaid net additions, the best in the industry. Total revenues reached $20.0 billion, with a 13% year-over-year growth. Service revenues grew by 10% to $14.5 billion. Net income soared to $978 million, an 8x increase compared to last year, translating to a diluted EPS of $0.78. The company raised its 2021 guidance for the second consecutive quarter, driven by robust customer growth and operational efficiencies.
T-Mobile (TMUS) has partnered with data services startup AstrumU to enhance its recruitment program aimed at military personnel and veterans. This initiative leverages data science to provide tailored career recommendations and support transitioning service members in finding roles within T-Mobile. The company aspires to hire 10,000 military veterans and their spouses by 2023, addressing talent shortages while facilitating career advancement for participants. The program aligns with the significant number of service members transitioning to civilian life annually.
T-Mobile has been recognized by J.D. Power as the top U.S. Wireless Customer Care Mobile Network Operator for the 22nd time, achieving a score of 819, which is 30 points above the segment average. Additionally, Metro by T-Mobile ranked number one in its category for the 10th time, scoring 811. This recognition highlights T-Mobile's commitment to customer service, particularly during the pandemic. The company is enhancing digital customer service capabilities and has reported an expected 40% increase in digital interactions.
T-Mobile (NASDAQ: TMUS) introduces a new prepaid offer allowing customers to switch to Metro by T-Mobile for just $25/month with unlimited 5G included. This promotion starts July 29 and offers a free 5G phone with any trade-in. The plan significantly undercuts competitors like Boost and Cricket, which charge $50 and $55, respectively, for similar services. Metro promises to provide a more extensive 5G network for half the price, aiming to attract customers still on older plans.
FAQ
What is the current stock price of T-Mobile US (TMUS)?
What is the market cap of T-Mobile US (TMUS)?
What is T-Mobile US, Inc.?
Who owns T-Mobile US, Inc.?
How many customers does T-Mobile serve?
What significant mergers has T-Mobile undergone?
What market share does T-Mobile hold in the U.S.?
What additional services does T-Mobile offer?
When did T-Mobile enter the fixed-wireless broadband market?
What are some recent achievements of T-Mobile?
How does T-Mobile ensure customer satisfaction?
Where can I find the latest news about T-Mobile?
