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T-Mobile US becomes number two on the US market, reaching 98.3 mln customers during mixed Q2

2020-08-07 00:14:00| Telecompaper Headlines

(Telecompaper) T-Mobile US said revenues got a boost in the second quarter from its merger with Sprint, while the net profit got hit by the effects of the coronavirus pandemic and one-off costs related to the merger. The number of customers added came well within the company's wide guidance, with total customers reaching 98.3 million at the end of the quarter, pushing the company to second place on the US market after Verizon, overtaking AT&T. This is T-Mobile US' first quarter since closing its merger with Sprint.

Tags: number market customers mixed

T-Mobile launches standalone 5G network across US

2020-08-04 16:00:00| Telecompaper Headlines

(Telecompaper) T-Mobile US has launched its standalone 5G network, claiming a world first with nationwide coverage for the technology. The launch expands its 5G coverage to nearly 2,000 additional cities and towns, while also bringing 5G deeper into buildings.

Tags: us network launches standalone

T-Mobile US asks California to ease conditions imposed during merger with Sprint

2020-06-24 09:48:00| Telecompaper Headlines

(Telecompaper) T-Mobile US has filed a request to California's Public Utilities Commission, asking for an easing of certain conditions imposed on the company when the state cleared its takeover of Sprint. Among the commitments, the operator said it would add at least 1,000 jobs in California, compared to the total number of Sprint and T-Mobile US employees pre-merger, and that it would provide 5G, with speeds of at least 100 Mbps, to virtually all (99%) of the state's population by end 2026, with 300 Mbps provided to 93 percent by 2024.

Tags: with conditions california ease

Softbank agrees T-Mobile exit in share sale, call option with Deutsche Telekom

2020-06-23 09:08:00| Telecompaper Headlines

(Telecompaper) Softbank Group has agreed to reduce its stake in T-Mobile US, selling around two-thirds of its stake to its co-shareholder Deutsche Telekom. It also gave the German operator a call option on most of its remaining shares in T-Mobile. Telekom plans to sell on the initial Softbank shares through a rights offering and trust securities.

Tags: call share sale option