T-Mobile US, Inc.(TMUS)- NASDAQ
  • Jul. 9, 2015, 9:40 AM
    • T-Mobile (TMUS +2.6%) says it gained 2.1M customers last quarter as it pushes to overtake Sprint (NYSE:S) as the country's third-largest wireless carrier.
    • The adds brought T-Mobile to 58.9M users. Early figures suggest that branded new monthly phone users were 760K.
    • The carrier also said it was adding Canada and Mexico to its roaming plan, calling its Simple Choice the "first and only wireless plan to span an entire continent" -- a tweak at AT&T (T +0.5%) and its ambitions for a U.S.-Mexico zone.
    • Previously: Sprint's Claure to T-Mobile's Legere: Tired of 'Uncarrier bullshit' (Jul. 02 2015)
    | Jul. 9, 2015, 9:40 AM | 25 Comments
  • Jul. 8, 2015, 7:25 PM
    • On a down day for U.S. markets at large and the sector in particular, Sprint (NYSE:S) still led telecom decliners, -8.3% (its biggest one-day drop in eight months) on a day where NYSE trading was interrupted for more than three hours.
    • Analyst Craig Moffett thinks the government may take a different stance than it did before on a merger between Sprint and T-Mobile (NYSE:TMUS) -- if Sprint "really is in severe financial distress, as we think they will be within a relatively short period of time."
    • A Sprint/T-Mobile tie-up, though, wouldn't happen until after the next presidential election, if at all, he said.
    • Asked about merger talk between T-Mobile and Dish Network (NASDAQ:DISH), meanwhile, Moffett thinks that's "unlikely" and "not about the business synergy between two businesses."
    • "Although it was touted as Dish buying T-Mobile, it would really be T-Mobile buying Dish's spectrum through a complicated transaction."
    • This spring, Moffett has pointed to cash burn in saying that if T-Mobile goes to another acquirer, "Sprint's in a world of hurt" and running out of good options. "At the current rate of cash burn, the company will run out of cash in a year."
    • Previously: T-Mobile and Dish Network: Other options, other suitors (Jun. 12 2015)
    | Jul. 8, 2015, 7:25 PM | 40 Comments
  • Jun. 30, 2015, 9:48 AM
    • U.S. wireless firms are all trading higher out of the open as RBC Capital raises price targets on AT&T (T +0.2%), T-Mobile (TMUS +1.3%) and Sprint (S +1.1%).
    • Verizon (VZ +0.2%) is also up comparably with AT&T.
    • The firm's best rating of the three goes to T-Mobile, with an Outperform. RBC raised its price target to $41; it's currently trading at $39.17.
    • AT&T gets a Sector Perform rating and a raised price target of $37 (currently trading at $35.83), and Sprint gets a Sector Perform and a higher target of $6 (currently at $4.56).
    | Jun. 30, 2015, 9:48 AM | 5 Comments
  • Jun. 23, 2015, 3:43 PM
    • T-Mobile (TMUS +0.9%) is keeping up the (spectrum) pressure, asking the FCC to block a low-band spectrum purchase by AT&T (T +2.9%) from East Kentucky Network, using the agency's "public-interest" mandate.
    • AT&T, it said, had failed to meet "applicable heightened standards for demonstrating that the proposed transaction is in the public interest when balanced with the serious anticompetitive risks posed by the increased concentration of below-1-GHz spectrum."
    • Keeping up a multi-front attack, T-Mobile's also teasing a new set of Un-carrier updates -- "Un-carrier Amped" -- starting this Thursday.
    • Meanwhile, it's also made a literally comical new video in its fight over spectrum set-asides, portraying the company and the "FCC Five" as superheroes trying to defeat a villainous duopoly.
    • Previously: Bloomberg: FCC Chairman urging rejection of T-Mobile spectrum appeal (Jun. 17 2015)
    | Jun. 23, 2015, 3:43 PM | 5 Comments
  • Jun. 17, 2015, 3:45 PM
    | Jun. 17, 2015, 3:45 PM | 9 Comments
  • Jun. 17, 2015, 8:48 AM
    | Jun. 17, 2015, 8:48 AM | 9 Comments
  • Jun. 11, 2015, 5:45 PM
    • Dish Network (NASDAQ:DISH) is talking to banks about funding a bid to acquire T-Mobile (NYSE:TMUS), to the tune of $10B-$15B in borrowing for the cash part of the deal, The Wall Street Journal is reporting.
    • T-Mobile is up 3.6% after hours; Dish is up 1.7%.
    • The deal's in early stages, but as discussed, the stock portion would leave T-Mobile parent Deutsche Telekom (OTCQX:DTEGY) with a significant minority stake in the combo.
    • No word on how much Dish would pay for T-Mobile, but talking with banks shows it's moving forward.
    • In the previous discussions, one key issue already seems sorted out among the personality-laden leaders: Dish CEO Charlie Ergen would serve as chairman, while T-Mobile's John Legere would be CEO.
    | Jun. 11, 2015, 5:45 PM | 12 Comments
  • Jun. 5, 2015, 5:39 PM
    • The current wisdom holds that Dish Network (NASDAQ:DISH) and T-Mobile's (NYSE:TMUS) combination bid might have a relatively easy time with regulators, and it shouldn't face debt problems either, says one analyst.
    • “Dish bond covenants are very loose,” says Covenant Review analyst Scott Josefsberg, and the satellite provider would have “wide latitude to structure a transaction." Meanwhile, T-Mobile covenants allow for the firm to issue at least $10B more in debt. Dish Network has an enterprise value of $45.8B; T-Mobile's is $52.9B.
    • Meanwhile, Citigroup's Michael Rollins says the other option is clear for spectrum-rich Dish: Sell itself to Verizon (NYSE:VZ).
    • He thinks that's the likely outcome for a number of reasons, including the need for Verizon to keep up with AT&T/DirecTV, the spectrum shortage that Verizon currently faces heading into next year's incentive auction, and the chance for Dish to make a shift to IP video to "dramatically" increase magnitude and duration of video cash flows.
    • He has Dish and T-Mobile rated at Buy and raised T-Mobile's price target to $46, while maintaining Dish's target at $94. Today: DISH +1.7% to $75.51; TMUS +2.3% to $40.24; VZ -1.8% to $47.25.
    | Jun. 5, 2015, 5:39 PM | 6 Comments
  • Jun. 4, 2015, 10:40 AM
    • Dish Network (DISH +5.9%) and T-Mobile (TMUS +4.6%) are on the rise this morning -- and Sprint (NYSE:S) is down 4.2% -- in the wake of reports that Dish and T-Mobile are talking merger.
    • It's not the first time the two have been linked by observers due to strategic sense: T-Mobile needs spectrum and Dish Network has it, and Dish needs growth and broadband service that T-Mobile could provide as AT&T and DirecTV near the closing of their merger. (Though the broadband isn't a perfect fit.)
    • T-Mobile has been amassing wireless spectrum, and while Dish's Charlie Ergen has been circumspect as recently as this week about what the company would do with it, one thing he's made clear is that the company didn't plan to start a wireless network from scratch.
    • A deal may take some time in coming, in part because of its size -- both companies have $30B-plus market caps -- and the fact that the FCC prohibits strategic talks during spectrum auctions, leaving a window before the broadcast incentive auction for discussions.
    • Sprint, meanwhile, is trading down on fears that it could be left out in the cold, having a potential merger with T-Mobile dematerialize last year, and subscriber momentum that is likely to see it passed by T-Mo to fall to the fourth-largest carrier in the U.S., with a cash burn problem to boot.
    | Jun. 4, 2015, 10:40 AM | 16 Comments
  • Jun. 4, 2015, 9:14 AM
    | Jun. 4, 2015, 9:14 AM | 3 Comments
  • Jun. 2, 2015, 6:46 PM
    • Mogul John Malone floated an interesting idea today: Forget Sprint and T-Mobile -- the wireless industry could get its third major alternative to Verizon and AT&T (NYSE:T) with the merger of Charter Communications (CHTR -1.6%) and Time Warner Cable (TWC -0.9%).
    • Malone was speaking at his various Liberty companies' annual meetings and noted that in 2012, the cable consortium SpectrumCo got an option to participate in a wireless MVNO service with Verizon (NYSE:VZ) after the wireless firm bought $3.9B in frequencies.
    • Charter wasn't in SpectrumCo then, but merger partners TWC and Bright House are. “The concept that Comcast, a greatly enlarged Charter and Cox could together offer a WiFi-optimized connectivity service with a default to a Verizon MVNO is an interesting concept," Malone said.
    • He thinks "there's very little dirty underwear" left to be found in a regulatory review of Charter-TWC after the past year's scrutiny.
    • Also of interest regarding Charter capex and the dividend: “Everybody's going to say, ‘Oh he’s spending too much capital,’ but I think the end result with be worth it ... To a large degree we’re betting on Tom Rutledge and his team to wake up a sleepy cable company that was treading water in all honesty for a while and trying to satisfy shareholder pressures with buybacks and dividends as opposed to putting the money into having a competitive service offering.”
    • Malone company shares today: LMCA -0.1%; LMCB flat; LMCK flat; LTRPA -0.9%; LTRPB +2.2%; QVCA +0.8%; LBRDA +0.1%; OTCQB:LBRDB flat; LBRDK -0.1%.
    | Jun. 2, 2015, 6:46 PM | 10 Comments
  • Apr. 22, 2015, 1:08 PM
    • T-Mobile (NYSE:TMUS) is up 1.9% as Citigroup's Michael Rollins adds the stock to the "Citi Focus List," citing improving operating income over the next three quarters.
    • He points to a possible market-share pickup as T-Mobile and Verizon (which reported earnings yesterday) are "increasingly segmenting" the category between reliable quality and urban value.
    • The analyst believes T-Mobile could grow service revenue by 9.9% in Q1 and about 10% for the full year, to near $25B.
    • Rollins has a Buy rating on the shares with a $40 price target; T-Mobile is trading at $33.98.
    | Apr. 22, 2015, 1:08 PM | 1 Comment
  • Mar. 17, 2015, 12:16 PM
    • Sprint (S -1.8%) is launching its "Workplace-as-a-Service" connectivity solution, a product suite it says has "all the technology needed to run a business, offered on a predictable per-user, per-month basis."
    • The comprehensive offering (including managed Wi-Fi, WAN connectivity and voice along with device management) is one of a few recent carrier moves toward Unified Communications.
    • The service will start at $200 per user per month, and Sprint says it offers up to 50% savings based on its IT spending research.
    • The move gets a one-day head-start on T-Mobile (NYSE:TMUS), widely expected to use its event tomorrow to promote new business solutions.
    • Previously: T-Mobile event may focus on business market (Mar. 09 2015)
    | Mar. 17, 2015, 12:16 PM | 9 Comments
  • Feb. 26, 2015, 12:43 PM
    • Michael Rollins met with T-Mobile (TMUS +2%) management and says he learned catalysts that could provide 2016 upside in revenue and OIBDA, as Citigroup has upgraded the carrier to Buy, from Neutral.
    • Citi raised its price target to $40 from $37. Shares are trading at $32.86.
    • Rollins says T-Mobile can expand its addressable market as well as capture remaining synergies with MetroPCS, and that it might be a strategic partner to "multiple companies in multiple forms" over a key couple of years in the increasingly competitive wireless industry.
    | Feb. 26, 2015, 12:43 PM | 2 Comments
  • Feb. 19, 2015, 9:02 PM
    • T-Mobile (NYSE:TMUS) gained 2.7% today (and another 0.5% in late trading) following its strong Q4 report this morning.
    • In the company's call today, CEO John Legere stretched like Armstrong to make a technical point that TMUS is actually the third-biggest U.S. carrier: He says most carriers stop counting "dead" MVNO accounts after 60-90 days, while Sprint (NYSE:S) waits six months. So Legere says Sprint is overcounting by 1.7M customers and is actually behind T-Mobile.
    • CFO Braxton Carter tells the Financial Times that the company's guidance (on the low side of expectations) is "conservative" and expectations are high: "We are still taking major flow from the duopoly (T, VZ) ... We are very pleased with our first-quarter momentum."
    • T-Mobile should take a Q1 hit in front-loading customer acquisition, but it expects free cash flow to turn positive at some point this year.
    • Aside from record customer growth (fueled in part by aggressive promotion), the company pointed to highly watched synergies with its MetroPCS brand -- projecting to reach full run-rate synergies of at least $1.5B by 2016. Net present value there is expected to be $9B-10B, up from original $6B-7B projection.
    • That's finally "kicking in," says Craig Moffett: "Synergies from the PCS deal, a key driver of our bull case, are coming in sooner and higher than expected" and that the firm "has at last turned the profitability corner."
    • Related: T-Mobile US (TMUS) Q4 2014 Results - Earnings Call Transcript (Feb. 19 2015)
    | Feb. 19, 2015, 9:02 PM | 15 Comments
  • Feb. 19, 2015, 8:36 AM
    • "We killed it," says T-Mobile (NYSE:TMUS) CEO John Legere of the company's Q4 earnings that rose 19.4% and swung from a Q3 loss.
    • Adjusted EBITDA of $1.8B (up 41.3%) beat expectations of $1.62B.
    • Customer growth: A record year culminated in 2.1M net subscriber adds (1.3M branded postpaid net adds, 1M branded postpaid phone net adds). The company says it captured nearly 80% of industry postpaid phone growth in Q4 and nearly 100% for the full year.
    • For the full year, T-Mobile added 8.3M net customers to end with 55M total. (Total branded postpaid net adds in 2014 were 4.9M -- more than 4M phone net adds and 839K mobile broadband.)
    • Branded postpaid average billings per user up 5.1% to record $61.80; branded postpaid phone ARPU of $48.26.
    • The company guided to 2015 EBITDA of $6.8B-7.2B vs. an expected $7.22B, and targeted 2.2M-3.2M branded postpaid net customer adds. It expects 2015 cash capex of $4.4B-$4.7B.
    • Conference call at 9 a.m. ET.
    • Shares are up 3.2% premarket.
    | Feb. 19, 2015, 8:36 AM | 1 Comment
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