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T-Mobile expands ultra capacity 5G network, surpasses rivals in coverage

Published Oct 24, 2023 18:20
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T-Mobile US, Inc. (NASDAQ:TMUS) has achieved a significant milestone by expanding its Ultra Capacity 5G network to cover 300 million people, thereby exceeding its set goals. The Bellevue, Washington-based company has also broadened its overall 5G coverage to reach over 330 million people, which is more than the combined coverage of the other two leading U.S. wireless providers.

The company's shares saw a gain of 2% Tuesday. The firm's "most advanced 5G network" now covers over 98% of the population. This is particularly noteworthy considering T-Mobile's market capitalization stands at a sizable 165.37B USD, according to InvestingPro data. The firm's P/E Ratio is 28.09, indicating a high level of investor confidence in the company's earnings potential.

T-Mobile's President of Technology, Ulf Ewaldsson, emphasized their leadership in the 5G era and the company's ability to provide "best value" while outpacing other U.S. operators focused on mid-band 5G networks and "millimeter wave". The company's multi-band spectrum strategy, which combines low-band 5G for nationwide coverage with mid-band 5G (Ultra Capacity) for high-speed connectivity, has given it a significant lead in terms of coverage and speed.

InvestingPro Tips highlight that T-Mobile is a prominent player in the Wireless Telecommunication Services industry, with management aggressively buying back shares, indicating their confidence in the company's future. While the company does not pay a dividend to shareholders, it has been profitable over the last twelve months and is expected to continue this trend. However, it's worth noting that the company's total debt has increased for consecutive years, and short-term obligations exceed liquid assets.

This strategy has resulted in T-Mobile's Ultra Capacity 5G network covering more area than the combined mid-band 5G networks of other providers. In Q3 2023, T-Mobile was recognized by Ookla and Opensignal for best overall network performance and worldwide 5G availability, based on Speedtest Intelligence® data.

T-Mobile is also leading in new wireless capabilities such as voice over NR, 5G carrier aggregation, and network slicing.

The company's revenue for LTM2023.Q2 stood at 78.58B USD, with a gross profit of 48.37B USD, according to InvestingPro data.

The company operates its flagship brands, T-Mobile, Metro by T-Mobile, and Sprint, continuing to push the boundaries of wireless connectivity. For more such insights, consider checking out InvestingPro, which offers additional tips for investors here.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

T-Mobile expands ultra capacity 5G network, surpasses rivals in coverage
 

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