T-Mobile to Accelerate Winning 5G Strategy After Auction 108

Rhea-AI Summary

T-Mobile (NASDAQ: TMUS) has secured over 7,000 licenses in the FCC's Auction 108, investing $304 million for 2.5 GHz spectrum, covering 81 million people, primarily in rural areas. This investment will enhance Ultra Capacity 5G coverage and bandwidth, addressing connectivity needs in underserved markets. Following this licensing, T-Mobile will quickly deploy the new spectrum to boost performance nationwide. T-Mobile aims to expand its 5G network leadership, with expectations to cover 300 million people by 2023.

Positive

• Acquired over 7,000 licenses, enabling expansion of Ultra Capacity 5G coverage.
• Investment of $304 million enhances network capabilities and performance.
• Targeting to cover 300 million people with 5G by 2023.

Negative

• None.

The Un-carrier won more than 7,000 2.5 GHz licenses in areas covering 81 million people

T-Mobile will immediately begin deploying the new mid-band spectrum for 5G once licenses are issued

BELLEVUE, Wash.--(BUSINESS WIRE)-- The Un-carrier is playing the 5G long game … and winning. T-Mobile (NASDAQ: TMUS) invested $304 million in Auction 108 – the FCC’s recent 2.5 GHz spectrum auction – taking home more than 7,000 county-based licenses covering 81 million people primarily in rural areas. This new spectrum will enable T-Mobile to expand Ultra Capacity 5G coverage to new communities and significantly increase bandwidth in many places Ultra Capacity 5G already covers. Following licensing, the Un-carrier will immediately begin deploying the new spectrum for 5G, boosting performance for customers across the country, especially in underserved markets.

With the investment, T-Mobile continues to execute on its years-long strategy to build the highest-capacity, broadest network in U.S. history. It started back In 2017 when the Un-carrier revealed plans for nationwide 5G with 600 MHz. That strategy was accelerated in 2018 when T-Mobile announced its planned merger with Sprint which, when finalized in 2020, catapulted the Un-carrier into a 5G network leadership position and created a fierce competitor to better take on industry behemoths Verizon and AT&T for the benefit of consumers and businesses across the country.

“We’ve been clear in our mission for years. We've supercharged the Un-carrier by building the leading wireless network in America – with leading breadth and depth – and paired it with the best value, backed by the best customer experience from the best team. This additional spectrum only accelerates that mission,” said Mike Sievert, CEO of T-Mobile. “Our competitors have been distracted, whether they were trying to become media conglomerates or were betting on the wrong 5G strategy, and their customers are paying the price. Meanwhile, we have been laser focused on being the best in wireless, and we’re seeing the results of that focus play out now.”

Following Auction 108, T-Mobile can now expand Ultra Capacity 5G and deliver even greater performance and connectivity to those in underserved areas, for customers of both its mobile and broadband Internet services, bringing much needed choice and competition to millions more Americans.

T-Mobile is the leader in 5G with the country’s largest, fastest and most reliable 5G network. The Un-carrier’s Extended Range 5G covers nearly everyone in the country – 320 million people, delivering more 5G coverage than Verizon and AT&T combined. 235 million people nationwide are covered with super-fast Ultra Capacity 5G, and T-Mobile expects to cover 260 million in 2022 and 300 million next year.

For more information on T-Mobile’s 5G network, visit: www.t-mobile.com/coverage/coverage-map.

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

5G: Capable device required. Fastest: Based on median, overall combined 5G speeds according to analysis by Ookla® of Speedtest Intelligence® data 5G download speeds for Q2 2022. Ookla trademarks used under license and reprinted with permission. Most Reliable: According to an audit report conducted by independent third-party umlaut containing crowdsourced data for user experience including task completion collected from November 2021 to May 2022. Full details at: www.umlaut.com/en/benchmarking/USA.

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/20220916005580/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 licenses did T-Mobile acquire in Auction 108?

T-Mobile acquired over 7,000 county-based licenses in the 2.5 GHz spectrum auction.

How much did T-Mobile invest in Auction 108?

T-Mobile invested $304 million in the FCC's Auction 108.

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

The new licenses will cover 81 million people, primarily in rural areas.

What is the expected coverage of T-Mobile's 5G network by 2023?

T-Mobile expects to cover 300 million people with its 5G network by 2023.