T-Mobile Rolls Out Faster Speeds in Upstate New York with Expanded 5G Network

Rhea-AI Summary

T-Mobile (NASDAQ: TMUS) has completed extensive network upgrades to provide 5G coverage across more than 48,000 square miles of Upstate New York, expanding its 5G coverage footprint and increasing capacity. The company now covers nearly 97% of the region, bringing faster service to more customers. The upgrades also enabled T-Mobile to bring 5G Home Internet and Business Internet to Upstate New York, available to 40% of homes in the area.

Insights

Telecommunications Industry Analyst

The expansion of T-Mobile's 5G network in Upstate New York represents a significant enhancement to its infrastructure, potentially increasing its competitive edge in the region. This expansion is likely to appeal to both residential and business customers seeking improved connectivity and could lead to increased customer retention and acquisition. By covering nearly 97% of the region and adding 400 new cell sites, T-Mobile is addressing the growing demand for high-speed internet in suburban and rural areas, which have historically been underserved in terms of broadband access.

For investors, this strategic move may indicate a focus on long-term growth and customer satisfaction. The increased capacity and coverage should enable T-Mobile to handle more data traffic, which is crucial given the exponential increase in data consumption. Additionally, the introduction of 5G Home Internet and Business Internet services positions T-Mobile as a direct competitor to traditional ISPs, potentially disrupting the market and diversifying its revenue streams.

Market Research Analyst

The deployment of 5G technology is a transformative event for the telecommunications sector, offering faster speeds and lower latency. T-Mobile's investment in Upstate New York is likely to enhance the user experience, which is a key differentiator in a market where consumers are increasingly reliant on mobile technology for both personal and professional use. The expansion into areas like Albany Airport and Niagara Falls, which are high-traffic tourist destinations, might not only improve service for residents but also cater to the needs of visitors, potentially increasing brand exposure and loyalty.

From a market perspective, T-Mobile's announcement could signal to investors the company's commitment to infrastructure development, which is essential for sustaining growth in the highly competitive telecom industry. The ability to provide 5G Home Internet to 40% of homes in Upstate New York may also alter the competitive landscape, challenging incumbent service providers and possibly leading to price and service quality competition.

Financial Analyst

The financial implications of T-Mobile's network upgrade are multifaceted. On the one hand, the capital expenditure required for such an extensive rollout is considerable and investors should monitor how this affects the company's financial health and cash flow. On the other hand, the long-term benefits, including the potential for higher Average Revenue Per User (ARPU) and reduced churn due to improved service quality, could offset these initial costs. Furthermore, the ability to offer 5G Home Internet services might attract a new customer segment, leading to diversified income and possibly better margins due to the lower operational costs associated with wireless services compared to wired infrastructure.

It's also important to consider the strategic timing of these upgrades. As remote work and digital services continue to grow, the demand for reliable broadband is surging. T-Mobile's proactive expansion in Upstate New York could position the company to meet this demand ahead of competitors, potentially capturing a significant market share and strengthening its financial position in the long run.

The Un-carrier now covers nearly 97% of the region, bringing enhancements to more customers

BELLEVUE, Wash.--(BUSINESS WIRE)-- T-Mobile (NASDAQ: TMUS) today announced that it has completed extensive network upgrades that now provide 5G coverage across more than 48,000 square miles of Upstate New York. These investments over the last two years are bringing faster service to more T-Mobile customers across the region.

T-Mobile Rolls Out Faster Speeds in Upstate New York with Expanded 5G Network. The Un-carrier now covers nearly 97% of the region, bringing enhancements to more customers.

From Albany to Buffalo and in places everywhere in between, T-Mobile's multi-year investment added nearly 400 new cell sites and upgrades to more than 800 existing towers across Upstate New York — expanding its 5G coverage footprint as well as increasing capacity to keep pace with the area’s suburban and rural growth.

Areas where T-Mobile launched 5G include:

• Albany Airport
• Clarkson University
• Fair Haven State Park
• Fort Drum
• Lake Placid
• SUNY Plattsburgh

Some of the counties which saw the most significant network enhancements include:

• Albany
• Cayuga
• Chautauqua
• Erie
• Monroe
• Niagara
• Onondaga
• Rensselaer
• Saratoga
• St. Lawrence

“Whether it’s the Catskill Mountains or Niagara Falls, Upstate New York is home to some of the country’s most popular tourist destinations, so our 5G network upgrades and expansion will better serve customers who both live in and visit this part of the Empire State,” said Luis Reyes, Vice President, Field Engineering for the Northeast Region at T-Mobile. “Network coverage, reliable service and speed are among the top priorities for wireless consumers, businesses, and public safety organizations, and we plan to continue building new installations and making upgrades to existing sites in Upstate New York in 2024.”

Access to a fast, reliable broadband connection has never been more important and these network improvements helped T-Mobile bring 5G Home Internet and Business Internet to Upstate New York. Today, 5G Home Internet is available to 40% of homes in Upstate New York — that’s over 1.6 million households. This means households across the area can finally ditch traditional ISPs for fast, reliable internet that’s easy to set up and has no annual contracts or hidden fees. Plus, the Un-carrier makes business internet simple and can connect all of a businesses’ stores and remote offices almost anywhere within its wireless footprint. Residents can learn more and check eligibility at www.t-mobile.com/home-internet, and businesses can learn more about T-Mobile Business Internet by visiting www.t-mobile.com/business-internet.

T-Mobile's Ongoing Commitment to New York

In addition to the recent network enhancements, T-Mobile also announced the soft opening this month of its new Customer Experience Center in Henrietta. The company also opened new retail stores across Upstate New York including in Bath, Camillus, Cobleskill, Geneseo, Jamestown, Johnstown, New Paltz, Oneida, Ontario, Rochester, Springville, and Vestal in 2023 — with more on the way.

With an expanding presence in New York, T-Mobile is also focused on helping to make a difference in communities across the state. T-Mobile’s Hometown Grants provide funding to 100 small towns each year to use towards city beautification projects, public improvements and more. Since launching the five-year program in 2021, five towns in New York — Akwesasne, Otisville, Potsdam, Town of Poughkeepsie, and Village of Arcade — have already received grants totaling nearly $225,000.

T-Mobile is also actively engaged in connecting students across the state through its $10.7B initiative, Project 10Million. The initiative is aimed at helping close the digital divide in education by offering free internet connectivity and mobile hotspots to up to 10 million eligible student households nationwide. Through T-Mobile’s education program, the company has connected over 690,000 students across 215 New York school districts and is also offering school districts free and heavily subsidized data plans and access to affordable laptops and tablets.

Square mileage coverage values are based on outdoor coverage levels. See 5G device, coverage, & access details at T-Mobile.com. Fast & Reliable Home Internet: Based on T-Mobile analysis of eligible customer speed data reflecting consistent broadband speeds. Delivered via 5G cellular network; speeds vary due to factors affecting cellular networks. See T-Mobile.com/OpenInternet for additional details.

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/20240130067238/en/

T-Mobile US, Inc. Media Relations

MediaRelations@t-mobile.com

Source: T-Mobile US, Inc.

FAQ

What is the extent of T-Mobile's 5G coverage in Upstate New York?

T-Mobile now provides 5G coverage across more than 48,000 square miles of Upstate New York, covering nearly 97% of the region.

How many new cell sites did T-Mobile add in Upstate New York?

T-Mobile added nearly 400 new cell sites and upgrades to more than 800 existing towers across Upstate New York.

What percentage of homes in Upstate New York can access 5G Home Internet?

5G Home Internet is available to 40% of homes in Upstate New York, which is over 1.6 million households.

What are the benefits of T-Mobile's network upgrades for businesses in Upstate New York?

The upgrades enable T-Mobile to provide fast and reliable Business Internet, connecting all of a businesses’ stores and remote offices almost anywhere within its wireless footprint.

Where can residents and businesses learn more about T-Mobile's home and business internet services in Upstate New York?

Residents can learn more and check eligibility at www.t-mobile.com/home-internet, and businesses can learn more about T-Mobile's business internet services.