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 preparing for Hurricane Debby, which made landfall in Florida as a Category 1 storm. The company has taken steps to maintain network connectivity and support first responders and affected communities:
1. Network Preparedness: Backup power solutions, topped-off generators, and positioned equipment for rapid deployment.
2. Public Safety Support: Collaboration with federal, state, and local agencies, including presence at Emergency Operations Centers.
3. Community Assistance: Standby teams with vehicles providing Wi-Fi and charging services.
4. Customer Concessions: Offering unlimited talk, text, and data in affected counties from August 5-11.
5. Employee and Store Monitoring: Assessing potential impacts on staff and retail locations.
T-Mobile US, Inc. (NASDAQ: TMUS) has announced its upcoming Capital Markets Day event, scheduled for September 18, 2024, in San Francisco, California. The event will begin at 9 a.m. PDT / Noon EDT and is expected to last approximately three and a half hours.
The Capital Markets Day will feature presentations from T-Mobile's senior leadership team and include a live Q&A session. Investors and interested parties can access the event via webcast on T-Mobile's Investor Relations website. A replay of the webcast and presentation materials will be made available after the event.
T-Mobile, known as America's 'Un-carrier', is committed to delivering advanced 4G LTE and nationwide 5G networks. The company operates flagship brands including T-Mobile, Metro by T-Mobile, and Mint Mobile.
T-Mobile launches 'Friday Night 5G Lights' competition, offering a $2 million high school football field makeover to one small town. The initiative celebrates T-Mobile's rural America rollout and community spirit. 16 finalists will receive $25,000 each, and 300 high schools will get $5,000 to support their football programs. The competition, open to towns with populations under 150,000, runs from August 1 to September 20, 2024.
The grand prize includes a $100,000 cash grant, new scoreboard, 5G upgrades, community tailgate party, 5G-powered halftime drone show, and a GronkFitness weight room. T-Mobile is also offering weekly '$5K Fridays' sweepstakes and special T-Mobile Tuesdays promotions. This initiative is part of T-Mobile's broader commitment to rural America, which includes expanded 5G coverage, infrastructure upgrades, and community development projects.
T-Mobile US (NASDAQ: TMUS) reported strong Q2 2024 results, showcasing industry-leading growth across key metrics. The company added 777,000 postpaid phone customers, its best Q2 performance ever, and surpassed 100 million postpaid customers. Financial highlights include:
- Service revenues up 4% YoY to $16.4 billion
- Net income grew 32% YoY to $2.9 billion
- EPS increased 34% YoY to $2.49
- Core Adjusted EBITDA rose 9% YoY to $8.0 billion
- Record Adjusted Free Cash Flow of $4.4 billion, up 54% YoY
T-Mobile maintained its network leadership, ranking first in overall performance in third-party reports. The company raised its full-year customer and cash flow guidance, reflecting confidence in its growth strategy and market position.
T-Mobile (TMUS) and KKR have announced a joint venture to acquire Metronet, a leading fiber-to-the-home operator in the U.S. The deal aims to expand T-Mobile's broadband portfolio and offer fiber internet services to more consumers. Key points:
1. T-Mobile will acquire 100% of Metronet's residential fiber retail operations and customers.
2. Metronet will become a wholesale services provider, focusing on network deployment and customer installation.
3. The JV is expected to reach 6.5 million homes passed by the end of 2030.
4. T-Mobile will invest approximately $4.9 billion for a 50% equity stake in the JV.
5. The transaction is expected to close in 2025, subject to regulatory approvals.
This strategic move complements T-Mobile's existing 5G Home Internet offering and aims to meet increasing consumer demand for high-speed, reliable broadband services.
T-Mobile (NASDAQ: TMUS) is launching the SyncUP KIDS Watch 2, an upgraded smartwatch for children aged 5-12. The new device features an LED flashlight, dual cameras, Bluetooth connectivity, and enhanced safety features. It's available free when adding a qualifying watch plan, or for $7.25/month on a 24-month installment plan.
The watch offers unlimited talk, text, and international data roaming in over a dozen countries. Watch plans start at $12/month with AutoPay. T-Mobile customers can also benefit from Magenta Status, offering premium deals worth up to $1,500 annually. The SyncUP KIDS Watch 2 can be activated and controlled through the T Life app.
T-Mobile (NASDAQ: TMUS) has launched 'Your Name, Our Wireless', a comprehensive solution for traditional and non-traditional Mobile Virtual Network Operators (MVNOs) to create and manage their own wireless services on T-Mobile's 5G network. This end-to-end managed solution simplifies backend setup and daily operations, allowing companies to focus on customer engagement and new revenue streams.
The service is designed for emerging MVNOs and consumer brands across various sectors, including retail, membership services, consumer electronics, financial services, and entertainment. T-Mobile is collaborating with music industry figure RoccStar to launch Roccstar Wireless, aiming to disrupt the industry with exclusive content and fan rewards.
'Your Name, Our Wireless' offers a comprehensive, scalable, and flexible solution that includes resources for launching and operating a branded wireless service, from backend setup to customer support. T-Mobile, with over 20 years of experience in providing wireless services to MVNOs, currently powers more than 200 MVNO brands.
T-Mobile (NASDAQ: TMUS) has once again topped Ookla's Speedtest® Connectivity United States 1H 2024 report, maintaining its position as the leading network performer across multiple categories. The report, based on real-time wireless user data, shows T-Mobile outperforming competitors in areas such as:
- Fastest Network: Download speeds over 2x faster than Verizon and AT&T
- Fastest 5G Network
- Most Consistent network performance
- Best Mobile Video and 5G Mobile Video Experience
- Best Gaming Experience
- Highest Ranking Consumer Sentiment
T-Mobile leads in 45 states and DC, as well as in 73 of the 100 most populous U.S. cities. The company's 5G network covers over 330 million people across two million square miles, with Ultra Capacity 5G reaching more than 300 million people nationwide.
Mint Mobile, now under the umbrella of T-Mobile (NASDAQ: TMUS), has announced that its plans will now include free roaming in Canada, offering unlimited talk, text, and 3GB of high-speed data per month at no extra cost. This enhancement accompanies existing benefits like free calls to Mexico, Canada, and the UK, plus unlimited talk and text on T-Mobile's expansive 5G network. This move aims to improve customer experience following T-Mobile's acquisition of Ka'ena The new feature will automatically activate when customers cross the Canadian border. Mint's plans start at $15 per month, without contracts or hidden fees.
T-Mobile is preparing for Hurricane Beryl's impact by ensuring connectivity and support for affected areas. The company has activated its emergency plan, mobilizing Community Support teams to provide power, Wi-Fi, and device charging at cooling centers and shelters in Houston and Rosenberg. Network and Emergency Management Teams have strengthened the network, staging disaster relief vehicles and portable generators. T-Mobile's Emergency Response Team is coordinating with federal, state, and local agencies, including FEMA, to support first responders. The company emphasizes its dedication to restoring connectivity swiftly and providing critical support during the storm.
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