T-Mobile Extends 5G Leadership in Auction 110

Rhea-AI Summary

T-Mobile (NASDAQ: TMUS) has invested nearly $3 billion in the FCC’s Auction 110, acquiring mid-band 3.45 GHz spectrum to enhance its 5G network. This acquisition will cover areas with 184 million people, strengthening T-Mobile's Ultra Capacity 5G network. CEO Neville Ray highlighted that this move sets them apart from competitors like Verizon and AT&T, as they continue to expand coverage to 260 million people in 2023. T-Mobile’s 5G network is already the largest in the U.S., covering 310 million people and nearly twice the size of AT&T’s network.

Positive

• Secured an additional mid-band spectrum valued at nearly $3 billion.
• Will cover key areas home to 184 million people, enhancing 5G network capacity.
• Plans to expand Ultra Capacity 5G coverage to 260 million people in 2023.
• T-Mobile's 5G network is already the largest in the U.S., covering 310 million people.

Negative

• None.

The Un-carrier strategically invests in Auction 110, acquiring mid-band 3.45 GHz spectrum in key areas and strengthening its 5G leadership

BELLEVUE, Wash.--(BUSINESS WIRE)-- Spectrum is the lifeblood of the wireless industry and critical for 5G. T-Mobile (NASDAQ: TMUS) announced today it invested nearly $3 billion in the FCC’s Auction 110, securing additional mid-band spectrum to further fuel its industry-leading Ultra Capacity 5G network. The Un-carrier won an average of 21 MHz of mid-band spectrum in key areas home to 184 million people across the US, which it will deploy to add additional depth to its already strong Ultra Capacity 5G, delivering even faster speeds and greater performance.

“We’re already delivering customers the largest, fastest, and most reliable 5G network, and we’re always working to make the best 5G network even better,” said Neville Ray, President of Technology at T-Mobile. “While Verizon and AT&T remain locked in a 5G race for second place, we’ll use this additional spectrum to take our 5G network to the next level and deliver even greater 5G performance to our customers across the nation.”

Mid-band spectrum is ideal for 5G, providing the perfect balance of capacity and coverage – meaning super-fast speeds over large areas. T-Mobile has been aggressively deploying mid-band spectrum it acquired in the merger with Sprint to bring game-changing 5G to customers across the country, delivering a network competitors can’t match despite billions of dollars ($80+ billion now) they’ve spent trying to catch up. With additional mid-band spectrum won in auction 110, and the C-band won last year, the Un-carrier will continue to extend its 5G lead in key areas across the country.

T-Mobile is the leader in 5G with a network that covers 310 million people and is nearly 2x larger than AT&T’s and nearly 5x larger than Verizon’s. 210 million of those people are covered by T-Mobile’s super-fast Ultra Capacity 5G – over 2x more people than Verizon’s Ultra Wideband and multitudes more than AT&T’s 5G+ (which is only available in a handful of cities). And T-Mobile isn’t slowing down, with plans to bring Ultra Capacity 5G to 260 million people this year and 300 million in 2023.

That’s why more than 20 reports from third party experts like Ookla, Opensignal and more have confirmed T-Mobile’s lead in 5G speed and coverage over the past year. And that lead is only becoming greater as T-Mobile continues to build its network and deploy additional spectrum.

For more information on T-Mobile’s network, visit T-Mobile.com/coverage.

Follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay up to date with the latest company news.

Capable device required. Some uses may require certain plan or feature; see T-Mobile.com. Most Reliable: According to an audit report conducted by independent third party umlaut containing crowdsourced data for user experience collected from April to September 2021. Full details at: www.umlaut.com/en/benchmarking/USA. Fastest: ​Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence® data 5G download speeds for Q4 2021. Ookla trademarks used under license and reprinted with permission.

About T-Mobile
T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: https://www.t-mobile.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220131005956/en/

Media Contacts

T-Mobile US, Inc. Media Relations

MediaRelations@t-mobile.com



Investor Relations Contact

T-Mobile US, Inc.

investor.relations@t-mobile.com

https://investor.t-mobile.com

Source: T-Mobile US, Inc.

FAQ

What did T-Mobile acquire in Auction 110?

T-Mobile acquired mid-band 3.45 GHz spectrum valued at nearly $3 billion to strengthen its 5G network.

How many people will T-Mobile's new spectrum cover?

The new spectrum will cover areas home to 184 million people across the US.

When does T-Mobile plan to expand its Ultra Capacity 5G coverage?

T-Mobile plans to expand its Ultra Capacity 5G coverage to 260 million people in 2023.

How does T-Mobile's 5G network compare to its competitors?

T-Mobile's 5G network is the largest in the U.S., covering 310 million people, nearly twice as large as AT&T's network.