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 reported strong first quarter 2021 results, achieving industry-leading total net additions of 1.4 million, including 1.2 million postpaid net additions. The company raised its 2021 financial guidance, with total revenues reaching $19.8 billion and net income of $933 million. Adjusted EBITDA stood at $6.9 billion, while free cash flow was $1.3 billion. The merger with Sprint is progressing well, with expectations of $2.8 billion to $3.1 billion in synergies. T-Mobile continues to lead in 5G coverage and speeds, solidifying its market position.
T-Mobile (NASDAQ: TMUS) strengthens its commitment to education by partnering with Western Governors University (WGU) to provide wireless connectivity to 2,000 students. Through the Online Access Scholarship, T-Mobile offers free hotspots enabling students to access online education, addressing the digital divide exacerbated by COVID-19. T-Mobile's initiatives, including Project 10Million, have already connected over 2.5 million students with internet access. The collaboration aims to democratize access to education, enhancing opportunities for underserved populations.
T-Mobile (NASDAQ: TMUS) is launching the SyncUP TRACKER, a new tracking device designed to help locate personal belongings using T-Mobile's extensive LTE network. Available starting May 7, this tracker allows users to monitor items even when miles away, unlike traditional Bluetooth trackers. It features real-time location tracking, customizable profiles, and is water and dust resistant, with a battery life of up to 7 days. Pricing starts at $2.50/month on a 24-month plan, making it accessible for consumers.
T-Mobile (NASDAQ: TMUS) has formed a preferred partnership with Zyter, Inc. to enhance virtual healthcare services across the U.S. This collaboration will provide telehealth and remote patient monitoring solutions, improving accessibility and patient outcomes. The urgency for such services has surged post-COVID-19, with 51% of U.S. consumers concerned about visiting healthcare facilities. Zyter's digital health offerings will now leverage T-Mobile's extensive 5G network, enabling faster and more reliable virtual care for a broader audience.
T-Mobile announces the launch of the latest Apple products, including the iPad Pro, iPhone 12, and iPhone 12 mini in purple, alongside AirTag. Customers can pre-order iPhone 12 models on April 23, with availability on April 30. The new iPad Pro supports 5G and features the M1 chip for enhanced performance. T-Mobile reinforces its position as the leader in 5G, covering 287 million people with its Extended Range 5G. The new offerings are available with competitive plans, including an unlimited plan for $20/month with AutoPay, enhancing customer access to advanced technology.
T-Mobile US (NASDAQ: TMUS) will announce its first quarter 2021 financial results on May 4, 2021, at 4:30 p.m. EDT. The earnings release and related materials will be available shortly before the call. Investors can access the earnings call via phone or webcast. A playback of the call will be accessible for two weeks after the event. T-Mobile continues to focus on offering advanced 4G LTE and nationwide 5G networks, prioritizing customer service and competition in the wireless market. For updates, investors are encouraged to monitor T-Mobile's investor relations website and social media channels.
T-Mobile (TMUS) has been recognized as the leader in 5G connectivity, according to a new report by Ookla. The report reveals that T-Mobile customers experience the fastest 5G speeds and the most consistent network performance. T-Mobile's Extended Range 5G currently covers 287 million people, while its Ultra Capacity 5G is set to reach 200 million people by the end of 2021. This positioning reflects T-Mobile's commitment to enhancing network capacity and reliability, solidifying its status as America's largest and fastest 5G network.
T-Mobile US, Inc. (NASDAQ: TMUS) has nominated Bavan M. Holloway to its board of directors, expected to join after the annual stockholders meeting on June 3, 2021. Holloway brings over 30 years of finance and audit experience, including previous roles at Boeing and KPMG. Lawrence H. Guffey will not seek re-election, and Stephen Kappes has resigned from the board. T-Mobile's leadership expressed confidence in Holloway's ability to contribute to the company's growth as the Un-carrier continues its innovative journey.
T-Mobile has launched its Hometown Techover contest to invest in rural America by providing upgraded 5G services and new job opportunities. The initiative includes a $3 million community grant program, the refurbishment of a Little League field, free wireless service for 100 households, and the introduction of T-Mobile Home Internet for 10 million rural households. T-Mobile aims to bridge the digital divide in rural areas, leveraging its recent merger with Sprint to enhance its 5G network coverage. The contest runs from April 8 to May 7, 2021.
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