T-Mobile US, Inc. (TMUS) - NASDAQ
  • Yesterday, 12:28 PM
    • T-Mobile (NASDAQ:TMUS) is rebounding strong, up 1.5% after setting new 52-week highs this morning on Q2 results with revenues and user gains way up.
    • Profits slipped, but the company once again took subscribers from rivals. Of 1.9M total net adds, it logged 890,000 branded postpaid net adds, 646,000 of those lucrative phone adds. It's the 10th straight quarter that it's led the industry in branded postpaid phone net adds, T-Mobile says.
    • Postpaid phone churn fell 5 basis points Y/Y to a record low 1.27%. It also added 476,000 branded prepaid net adds.
    • Service revenues grew 12.1% to $6.9B and overall revenue rose to $9.2B.
    • The strong customer numbers prompted T-Mobile to upgrade subs guidance for the year: It now sees branded postpaid net adds of 3.4M-3.8M, up from a previous 3.2M-3.6M. It's also narrowing its adjusted EBITDA target to $9.8B-$10.1B (vs. consensus for $9.87B).
    • It's expecting cash capex for 2016 of $4.5B-$4.8B.
    • Press Release
    | Yesterday, 12:28 PM
  • Fri, Jul. 22, 5:04 PM
    • As other providers move away from unlimited-data plans, Sprint (S +0.4%) is quietly testing capless plans in a handful of markets at $60/month -- cheaper than it or even T-Mobile (TMUS +1.7%) offers currently.
    • The "Unlimited Freedom" plan is reportedly being advertised in Milwaukee and Boston at $60/month with a second line for $40/month and additional lines at $25/month; Oklahoma and parts of Arizona are seeing that offer at $50/month for each of the first two lines and extras at $25/month.
    • Sprint currently offers unlimited plans at $75/month for first, $45/month for second and extras at $30/month.
    • In another positioning against T-Mobile, it looks to be throttling streaming data for those subscribers, similar to how T-Mobile runs its Binge On and Music Freedom video and music-streaming offerings.
    | Fri, Jul. 22, 5:04 PM | 43 Comments
  • Tue, Jul. 19, 1:13 PM
    • The typical metrics that telecom investors examine may not matter as much to their holdings as a favorable macroeconomic environment, industry analyst Craig Moffett writes.
    • That's accounting for the price war as well as common bellwethers like average revenue per user, he says. In most industries, developments like telecom has seen in the past year (Verizon's (VZ -0.5%) recent moves to reset pricing; T-Mobile's (TMUS -0.3%) un-carrier promotions; aggressive phone financing revamps) would spur meaty debates about valuation and growth: "But telecom isn't most industries. It has now been a full decade since fundamentals were last a major part of the telco equity performance story (good or bad)."
    • Fundamentals may matter again soon, ahead of a new iPhone introduction (that could benefit T-Mobile and Sprint (S -3.9%) more than AT&T and Verizon), and AT&T's (T -0.2%) full integration of DirecTV finances.
    • But in the meantime, macro factors are still prevalent: "When interest rates are falling and the dollar is rising, the story appears to have been pretty straightforward, after all: Buy telecom."
    | Tue, Jul. 19, 1:13 PM | 20 Comments
  • Thu, Jul. 14, 5:49 PM
    • Never one to miss out on a marketing opportunity, T-Mobile (TMUS -0.4%) has found its approach to the Pokémon Go game phenomenon by promising free data for the gamers.
    • The company is using its next "T-Mobile Tuesday" to offer free, unlimited data ("for a full year") on Pokémon Go, so playing the game won't touch users' data buckets (along with music services in the carrier's Music Freedom offering and videos in its "Binge On" product).
    • The carrier's also promising a sweepstakes for five U.S. trips and 250 winners of $100 in "PokéCoins," along with free Lyft rides and a Wendy's Frosty.
    • For its part, after a dip yesterday, Nintendo ADRs (OTCPK:NTDOY) finished up 15.2% today, and the stock was up 15.9% in Tokyo. ADRs are up 72.2% in the past five trading days.
    | Thu, Jul. 14, 5:49 PM | 6 Comments
  • Thu, Jul. 14, 3:38 PM
    • The FCC voted unanimously today to open up four bands of frequencies above 24 GHz for 5G wireless service, setting the stage for exploiting next-generation technologies for mobile transmission.
    • That's nearly 11 GHz of spectrum (3.85 GHz in licensed bands at 28 GHz, 37 GHz and 39 GHz, and 7 GHz in an unlicensed band between 64 GHz and 71 GHz).
    • The agency says companies will be able to exploit the spectrum for "fiber-fast" capabilities, up to 100 times faster than current 4G networks.
    • In addition, the agency pledged to push for opening up more millimeter wave bands as quickly as it can, via a Further Notice of Proposed Rulemaking that looks to apply today's rules to another 18 GHz of spectrum (in eight additional high-frequency bands)
    • In related stocks: (T +0.5%); (VZ -0.2%); (TMUS -0.5%); (S +1.9%); (DISH +1%); (CMCSA +0.4%); (STRP +5.7%); (GSAT -1.2%)
    | Thu, Jul. 14, 3:38 PM | 38 Comments
  • Tue, Apr. 26, 12:17 PM
    • T-Mobile (NASDAQ:TMUS), up as much as 2.5% after it swung to a profit in Q1, has turned down 2.3% on the day even as analyst takes start to roll in with positivity around a strong quarter and expectations that the carrier can outperform guidance that was raised but still looks easily attainable.
    • The company raised guidance on net postpaid customer adds this year to 3.2M-3.6M; JPMorgan's Phil Cusick called that "typically conservative" and said he's looking for more upside through the year. Cusick has the stock rated at Overweight with a price target of $49, implying 21% upside.
    • Oppenheimer's Tim Horan also thinks the net add forecast looks conservative and praised cash EBITDA margin of 25% vs. his forecast of 23% -- "which given the strong adds was exceptional."
    • Meanwhile, Craig Moffett called it a "blowout" result where the company cut bad debt (amid industry concerns about phone financing) and also sported "near record-low postpaid customer turnover."
    • Oppenheimer's Horan has an Outperform rating and price target of $48.
    • Now read T-Mobile: The Price Of Peace With YouTube Is High »
    | Tue, Apr. 26, 12:17 PM | 3 Comments
  • Tue, Apr. 26, 9:27 AM
    • T-Mobile (NASDAQ:TMUS) is up 2% in premarket trading following Q1 results where it swung to a profit, crested 2M net subscriber additions again and guided for still more adds this year.
    • Revenues overall were up 10.5% and service revenues grew 13% to $6.6B, making up for flatter equipment sales. Its EPS of $0.56 was a swing from a year-ago loss per share of $0.09, aided by a $0.46 after-tax impact from spectrum gains.
    • Net customer adds of 2.2M surpassed solid estimates that saw it adding just under 2M on a net basis. The company's now guiding to add 3.2M-3.6M net postpaid customers this year, raising its earlier target of 2.4M-3.4M.
    • Churn rose a bit, to 1.33% from a year-ago 1.3%. Branded postpaid phone ARPU was $46.21, down 0.5% Y/Y and down 3.8% sequentially.
    • Along with raising its postpaid adds target, it's raising its target on EBITDA to $9.7B-$10.2B from a previous forecast of $9.1B-$9.7B (and vs. consensus for $9.42B).
    • Press Release
    | Tue, Apr. 26, 9:27 AM | 3 Comments
  • Thu, Apr. 14, 1:13 PM
    • A take from Wells Fargo that T-Mobile (NASDAQ:TMUS) was again set to grab all the industry's postpaid phone growth drew a seemingly skeptical response from Sprint (NYSE:S) chief Marcelo Claure.
    • "Hmm??" he tweeted, with a link to Wells' position. Sprint shares have gained 2.6% as some observers wonder whether that means Sprint's adding phones for Q1 as well.
    • Citi expects the company may have added net phones in Q1 and is likely to maintain or even improve gross adds Q/Q. T-Mobile, though, will keep increasing share as it has, Citi believes, with phone net adds of 775,000 (that, vs. Wells' estimate that T-Mobile added a net 768,000 handsets).
    • Now read Seeking Alpha's Market Challenge: Connecting With Telecom »
    | Thu, Apr. 14, 1:13 PM | 15 Comments
  • Fri, Apr. 8, 12:41 PM
    • Deutsche Telekom (OTCQX:DTEGY +0.5%) may take a cue from its customer-stealing U.S. business for its unit in the Netherlands, and reformulate strategy more like T-Mobile US (TMUS -0.8%).
    • That would mean an emphasis on disruption and perhaps a similar focus on mobile rather than fixed service. In contrast to T-Mobile's U.S. operation, the Dutch business has been losing customers over the past three years, and with a longtime presence in the market, it isn't ripe for reinvention.
    • Other, smaller players like Tele2 have actually claimed the mantle of aggression on price in the Netherlands, while there's hot competition from the recently combined Vodafone (VOD +2.3%)/Liberty Global (LBTYA +1.6%) there, as well as Royal KPN (OTCPK:KKPNY -2.3%).
    • DT had floated a sale of T-Mobile Netherlands, but withdrew it as a possibility in February after terms from two bidders didn't rise to its expectations.
    • Now read T-Mobile: The Price Of Peace With YouTube Is High »
    | Fri, Apr. 8, 12:41 PM | 3 Comments
  • Tue, Mar. 29, 2:52 PM
    • T-Mobile (TMUS +4.1%) today announced an offer for $1B in senior notes to continue building its war chest for the FCC's broadcast incentive spectrum auction, set to begin in a few hours.
    • The company says it's offering senior notes due 2024 with plans to put proceeds into buying 700 MHz A-block spectrum, "and other spectrum purchases."
    • Earlier this month, T-Mobile had elected to issue $2B in senior notes to sell to parent Deutsche Telekom in order to amass more funds for the auction.
    | Tue, Mar. 29, 2:52 PM | 1 Comment
  • Thu, Mar. 24, 6:07 PM
    • T-Mobile (TMUS -0.2%) faces limited organic growth in the future as it runs into capacity challenges, FBR notes in launching coverage of the stock at Market Perform.
    • Analysts David Dixon and Mike He set a price target of $40, implying just 8.1% upside from today's close of $37. TMUS is up 11.7% over the past 12 months, but is down 5.4% so far for 2016.
    • T-Mobile's network is set for near-term needs, and it should be an active player in the 600 MHz broadcast spectrum auction, but "expect BingeOn elasticity and the addition of low-band coverage spectrum to create a 4x multiplier increase for capacity demand."
    • Meanwhile, dramatically improving Sprint (S +3.8%) could gain momentum with low-cost capacity additions, they say: "We believe a resurgent Sprint could potentially overtake T-Mobile. If our view proves to be correct, we believe a stronger Sprint could make a successful attempt to acquire a potentially weakened T-Mobile under a new FCC administration."
    | Thu, Mar. 24, 6:07 PM | 10 Comments
  • Tue, Feb. 23, 7:24 PM
    • Deutsche Bank launched coverage of U.S. telecom companies late today, picking "select pockets of opportunity" in a challenging sector.
    • Specifically, the firm's Matthew Niknam has three top growth picks: T-Mobile (TMUS +1%), Crown Castle International (CCI -0.5%), and American Tower (AMT -1.4%), all rated Buy.
    • He assigned a $46 price target to T-Mobile, implying 27% upside from today's close of $36.20, noting "best-in-class growth, margin/FCF expansion, and strategic appeal to potential industry partners." A price target of $98 implies 13.5% upside for Crown Castle, while a target of $104 implies 18.2% upside for AMT.
    • Of the group, AT&T (T -0.4%) and Frontier (FTR +12.6%) also received Buys, with respective price targets of $40 (8.9% upside) and $5.50 (8.3% upside from today's significantly higher close).
    | Tue, Feb. 23, 7:24 PM | 2 Comments
  • Mon, Feb. 22, 2:52 PM
    • Deutsche Telekom (OTCQX:DTEGY +2.1%) has a unique new project on the way: A smartwatch based on a tie-up with musician will.i.am (a k a Black Eyed Peas frontman William Adams).
    • The watch -- called "dial" -- will be targeted to European countries and mostly voice controlled, with an understandable focus on music.
    • It will have a SIM card embedded, differentiating it from competitors whose watches depend on a smartphone connection.
    • DT has an exclusive in some European countries where it already has a presence. Will.i.am has a similar deal with U.K. carrier Three (OTCPK:HUWHY), but no such arrangement with Deutsche Telekom's U.S. unit, T-Mobile (TMUS +1.8%).
    | Mon, Feb. 22, 2:52 PM | 1 Comment
  • Wed, Feb. 17, 9:27 AM
    • T-Mobile (NASDAQ:TMUS) is up 4.9% premarket after nearly tripling earnings on the back of 2.1M customer adds in Q4, while promotions continued to nip at revenues per customer.
    • Net income rose to $297M from $101M. Total revenues were up 1.1%; service revenues were up 11.7%. Adjusted EBITDA rose 30.2% to $2.3B.
    • Branded postpaid net adds came to 1.3M in Q4; of those, 917K in phones. Branded postpaid phone churn was down 27 basis points to 1.46%. Branded prepaid net adds were 469K for Q4 (and 1.3M for the year).
    • Average revenue per postpaid user dropped to $48.05 from $48.26.
    • For 2016, the carrier is targeting 2.4M to 3.4M branded postpaid net adds -- vs. 4.5M it added in 2015 -- and adjusted EBITDA of $9.1B-$9.7B (a bit light of consensus at $9.98B). Cash capex is forecast at $4.5B-$4.8B.
    • Press release
    • 10-K filing
    | Wed, Feb. 17, 9:27 AM | 7 Comments
  • Tue, Feb. 16, 8:21 PM
    • Earnings tomorrow morning should give T-Mobile (TMUS +3.8%) followers their first peek into any effects of Binge On, the carrier's free mobile video offering, on its data financials.
    • The company should also give some color into subscriber numbers that it proudly released in the first week of the year, along with how leasing is affecting full-year forecasts.
    • T-Mobile announced 2M net subscriber adds (for the third straight quarter) that led to its second straight year of more than 8M net customer adds. It added 917K branded postpaid phone subscribers on net, easily leading Sprint (366K) and Verizon (449K), as well as a postpaid customer-losing AT&T (-342K) -- though AT&T and Verizon say they are focusing not on sheer subscriber numbers but the profitability and credit profile of those customers.
    • Capital IQ consensus says that T-Mobile will report earnings per share of $0.16 on revenues of $8.23B, a 0.8% Y/Y gain. EBITDA is expected to come in at $2.02B.
    • After running drinking games for competitors' earnings calls, sporting T-Mobile has suggested rules for its own.
    • Previously: T-Mobile adds 2M net customers for third straight quarter (Jan. 06 2016)
    • Related: Cramer Likes T-Mobile - Cramer's Lightning Round (1/28/16) (Jan. 29 2016)
    • Related: T-Mobile: Can The Wireless Provider Do More Than Add Customers? (Jan. 08 2016)
    | Tue, Feb. 16, 8:21 PM | 3 Comments
  • Fri, Feb. 5, 6:35 PM
    • Verizon (VZ +1%) is following in the footsteps of T-Mobile's (TMUS -7.9%) Binge On -- at least partway -- by offering Verizon's postpaid customers the chance to watch content from the Go90 video service without touching the monthly data allowance.
    • The latest versions of Go90 apps (for iOS/Android) are tied to Verizon's FreeBee Data 360 sponsored data service, a form of "zero rating" content so it doesn't detract from a data limit.
    • Binge On still is more expansive, offering free streaming (downcoded) video from a variety of partners instead of only Go90. But it's an interesting step for Verizon, especially with the FCC taking a closer look at zero rating and its relation to new net neutrality regulations.
    • Verizon notes that video streaming is free of the cap, but other app activity, including commenting, download, etc., will count against data plans.
    • Previously: Wheeler: FCC's look at data exemptions is still lower level (Jan. 28 2016)
    • Previously: Verizon informs FCC of sponsored data plans (Jan. 20 2016)
    | Fri, Feb. 5, 6:35 PM | 3 Comments
Company Description
T-Mobile US, Inc. provides mobile communications services under the T-Mobile, MetroPCS, and GoSmart brands in the U.S., Puerto Rico, and the U.S. Virgin Islands. It offers postpaid and prepaid wireless voice, messaging and data services, and wholesale wireless services. The company also provides... More
Sector: Technology
Industry: Wireless Communications
Country: United States