T-Mobile is set to acquire US Cellular's wireless operations in a $4.4 billion deal which will enhance its coverage, especially in rural areas. This move is crucial for T-Mobile's market expansion and 5G leadership. T-Mobile's shares surged reflecting investors' positivity. Concurrently, T-Mobile's Director and 10% owner, Telekom Deutsche, has been selling shares. Despite this, T-Mobile stock continued to outperform competitors on strong trading days. Further expansions are underway as shown by T-Mobile's recent approvals, like their deal to buy budget provider Mint Mobile. T-Mobile ended 2023 with soaring Net Income and EPS and started 2024 strong by surpassing analyst expectations in Q1. T-Mobile's customer base continues to expand and the company has affirmed it's ready to respond when connections matter most. However, it underperformed when compared to competitors on certain days. Looking forward, T-Mobile plans to invest $950 million in a venture with EQT to acquire fiber optic network provider Lumos.
T-Mobile Us TMUS News Analytics from Wed, 25 Oct 2023 07:00:00 GMT to Sat, 01 Jun 2024 08:11:00 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor -3
