Here are some better-ranked stocks from the industry. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. T-Mobile currently carries a Zacks Rank #4 (Sell). Shares of the company have gained 35.1% in the past year against the industry’s decline of 9.4%. T-Mobile’s 2.5 GHz 5G delivers superfast speeds and extensive coverage with signals that go through walls and trees, unlike 5G networks that are controlled by the mmWave spectrum. It plans to continue lighting up this 5G spectrum at an aggressive pace. T-Mobile’s business plan is built on covering 90% of rural America with average 5G speeds of 50 Mbps, up to two times faster than broadband. It is likely to provide average 5G speeds of above 100 Mbps to 90% of the population. T-Mobile continues to deploy 5G with the mid-band 2.5 GHz spectrum from Sprint. The company is further strengthening its mid-band coverage by adding more towers and spectrum in places that already have 5G network connectivity. To its credit, T-Mobile reportedly has the largest nationwide 5G network, with its Extended Range 5G covering more than 320 million people. The proposed buyout of Mint Mobile will further increase its customer count in the long run.įollowing its merger with Sprint, T-Mobile boasts an unrivaled bouquet of high- and low-band spectrum for a faster nationwide 5G rollout, undeniably disrupting the competitive landscape of the U.S. The total customer count at the end of 2022 increased to a record high of 113.6 million as it extended its coverage across the length and breadth of the country. Total net customer additions were 1.8 million in the fourth quarter, bringing the tally to a record 6.8 million for 2022.
#MINT MOBILE STOCK FULL#
Postpaid phone net customer additions were 927,000 in the fourth quarter, while prepaid net customer additions were 25,000 and 338,000 for the full year. The company registered 314,000 postpaid net account additions in the fourth quarter, bringing the tally for 2022 to a record-high figure of 1.4 million. T-Mobile is currently on a roll, witnessing a record customer increase in 2022, driven by 5G network strength and a differentiated growth strategy. This, in turn, is likely to make the proposed deal a seamless transition for its customers. It utilizes the T-Mobile network as a mobile virtual network operator (MVNO), whereby it offers wireless mobile services using the latter’s communications network infrastructure without actually owning it. Offering budget cell phone plans starting at $15 per month, Mint Mobile has established itself as a more affordable option for larger telecom companies. However, spokespersons of both companies have refused to comment on the rumored buyout of the budget wireless provider backed by actor Ryan Reynolds. TMUS is reportedly mulling to acquire Mint Mobile to consolidate its position as one of the leading wireless service providers in the country. According to industry grapevines, T-Mobile US, Inc.
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