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T-Mobile US, Inc. (TMUS)

  • Jul. 9, 2013, 2:38 PM
    T-Mobile USA (TMUS +4.2%) spikes higher as Bloomberg reports the company will announce at tomorrow's annual meeting it added postpaid subs in Q2, breaking a long string of sub losses months ahead of plan. T-Mobile's iPhone 5 launch is undoubtedly a big reason why; Kantar Worldpanel thinks the launch helped the iPhone's U.S. share rise 350 bps Y/Y to 41.9% in the March-May period.
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  • Jul. 3, 2013, 10:07 AM
    Leap Wireless (LEAP +3.4%) jumps following an upgrade to Neutral from Macquarie's Kevin Smithen, which thinks the odds of a $10+/share acquisition by T-Mobile USA or Dish have grown. Smithen thinks the recent run-up in T-Mobile (TMUS) shares has made a deal easier for the #4 U.S. carrier to swallow, and considers the concentration of Leap's equity in a few holders "both a catalyst and an obstacle for a sale." He cautions Leap's "already eroding operating business" could be further pressured by T-Mobile's plans to enter Leap markets (via MetroPCS), but adds it could "drive Leap's Board and key holders to sell now."
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  • Jun. 25, 2013, 2:50 PM
    T-Mobile USA (TMUS +3.6%) is back near its post-merger highs after Bloomberg suggests the #4 U.S. carrier may be Dish's (DISH +2.1%) only remaining option if it wants to be a major mobile player, now that it has abandoned its Sprint bid. Stifel's Chris King: "T-Mobile is the only option left on a national scale. The pay-TV business in the U.S. is shrinking ... It’s not good being essentially 100% exposed to that.” However, past remarks (I, II) from Charlie Ergen suggest Dish could also sell its spectrum, if not the entire company. There's also the possibility Dish could up its tender offer for Clearwire, and use it as leverage for a Sprint partnership.
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  • Jun. 20, 2013, 3:55 PM
    T-Mobile USA (TMUS +3.1%) jumps after Sprint raises its offer for Clearwire to $5/share, thereby trumping Dish's $4.40/share tender offer. The #4 U.S. carrier has been talking with Sprint merger partner SoftBank and is viewed by many as a backup option for both SoftBank and Dish. This morning, Goldman declared T-Mobile "could offer the last chance for a new entrant looking to control a nationwide wireless network."
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  • Jun. 14, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: PANW +4%. TMUS +4%. SKUL +3%. CYH +2%. RUSHB +2%.
    After-hours top losers: LAS -4%. LITB -3%. PBYI -3%. APFC -2%. BSBR -2%.
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  • Jun. 14, 2013, 11:21 AM
    T-Mobile USA (TMUS +3.3%) is "Plan B" for SoftBank (SFTBF.PK) if its merger with Sprint (S +0.3%) doesn't go through, says CEO Masayoshi Son. But Son adds he "[plans] to go with Plan A if possible." Reuters reported last week SoftBank is talking with Deutsche Telekom (DTEGY.PK) about buying its 74% stake in T-Mobile USA if the Sprint merger fails thanks to a rival bid from Dish (DISH). For now, Sprint's board (unlike Clearwire's) is spurning Dish. As always, Son isn't lacking for confidence. "I am determined to be No. 1 in the world very soon in my industry ... You are lucky not to be my competitor."
  • Jun. 7, 2013, 3:54 PM
    While Sprint (S -1.3%) slumps on a report SoftBank (SFTBF.PK) is talking with Deutsche Telekom (DTEGY.PK) about buying its 74% stake in T-Mobile USA (TMUS +4.1%) should the Sprint deal falter, Dish (DISH +1.5%) has spiked higher, as investors take the report as a sign SoftBank would rather abandon its Sprint efforts than significantly raise its bid. Sources tell Reuters SoftBank and DT have been talking since last year, but that talks "intensified" following Dish's $25.5B offer for Sprint. Clearwire (CLWR +3.3%) has also moved higher, and is now $0.02 above Dish's $4.40/share offer price. (previous)
  • Jun. 7, 2013, 3:43 PM
    SoftBank (SFTBF.PK) is reportedly in talks with Deutsche Telekom (DTEGY.PK) about buying its stake in T-Mobile (TMUS +4.9%) should the deal with Sprint (S -0.8%) fall apart, according to Reuters. Sprint is off more than 1% from its session high on the news.
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  • May. 20, 2013, 1:34 PM
    T-Mobile USA (TMUS +2.2%) hits new post-merger highs after catching an upgrade to Buy from Deutsche: the firm thinks the carrier's operating momentum "looks sustainable," and considers its valuation discount relative to peers "too wide" even if adjusting for "accounting differences and some strategic uncertainty." UBS upgraded shares a week ago - they're up 25% since T-Mobile and MetroPCS began trading as a combined entity on May 1.
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  • May. 17, 2013, 9:10 AM
    Leap Wireless (LEAP) -2.5% after Barclays starts coverage with an Underweight and $4 PT as part of a broader coverage launch of U.S. telecom service providers. Tower owners SBA (SBAC) and American Tower (AMT) have been started at Overweight, and so has Verizon (VZ). AT&T (T) and T-Mobile USA (TMUS) have been started at Equal Weight.
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  • May. 14, 2013, 9:27 AM
    The Lumia 925 (NOK) is officially revealed. Thanks to its aluminum frame, it's ~50g lighter than the 920, and ~30g lighter than the 928. Otherwise, the specs resemble the 928's: a 4.5," 1280x768, OLED display, a dual-core, 1.5 GHz., Qualcomm (QCOM) processor, and an 8.7MP camera with optical image stabilization. There's no xenon flash, but there is an advanced camera app that leverages Scalado. Nokia will be charging a steep unsubsidized price of €469 ($609) when the 925 hits China and Europe this June. But T-Mobile USA (TMUS) is expected to sell it for less than $100 subsidized. Shares -5%. Were investors expecting a 41MP sensor PureView phone?
  • May. 13, 2013, 11:15 AM
    UBS upgrades T-Mobile USA (TMUS +3.7%) to Buy and hikes its PT to $24, arguing the #4 U.S. carrier is near an inflection point and should see growing postpaid net adds (after many quarters of losses). T-Mobile, which just began selling the iPhone, lost 199K postpaid subs in Q1, prior to its merger with MetroPCS (which has also been losing subs).
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  • Apr. 29, 2013, 9:55 AM
    Leap Wireless (LEAP -5.1%) tumbles after JPMorgan's Philip Cusick downgrades shares to Underweight 6 months after cutting shares to Neutral. "The company's mostly 3G-level products and network seem more and more commoditized as MVNOs get more aggressive," writes Cusick, who worries Leap a 4G transition will require heavy capex. He also expects T-Mobile USA to bring the MetroPCS (PCS -0.3%) brand to many Leap markets by year's end. Leap, long propped up by M&A hopes, delivers its Q1 report tomorrow afternoon. Also: Morgan Stanley has resumed coverage on MetroPCS with an Equal-Weight.
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  • Apr. 15, 2013, 11:03 AM
    MetroPCS (PCS -3.6%) and Leap Wireless (LEAP -2.5%) slump in the wake of Dish Network's $25.5B offer for Sprint. The offer, which comes shortly after Bloomberg reported Dish had proposed a tie-up with T-Mobile USA (DTEGY.PK), removes T-Mobile/MetroPCS as an M&A target (for now, at least), and lowers the odds of an offer for Leap. Should a Dish/Sprint merger happen, it would also potentially create a tougher rival for the low-end carriers, though Sprint/SoftBank would arguably do the same.
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  • Apr. 10, 2013, 6:08 PM
    MetroPCS (PCS) +2.5% AH after Deutsche Telekom (DTEGY.PK) submits what it calls its "best and final offer" for merging the prepaid carrier with T-Mobile USA. The new offer reduces the combined company's debt by $3.8B to $11.2B, cuts the interest rate on the debt by 50 bps, and extends the lockup on DT's stake in the company by 6 months to 18 months. The proposed ownership structure remains the same - DT would own 74% of the company, and MetroPCS shareholders 26%. (previous)
  • Apr. 10, 2013, 12:52 PM
    Deutsche Telekom (DTEGY.PK) is "reviewing a sweeter bid" for MetroPCS (PCS +3.8%) and could announce the terms as soon as today, the WSJ reports. Many have been expecting a higher offer to arrive since shareholder advisory firm ISS joined Paulson & Co and disgruntled MetroPCS shareholders in opposing the current deal. Bloomberg notes DT is able to monitor shareholder voting in real-time, giving it a chance to adjust its offer if it looks like the current bid will fail. (previous)
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Company Description
T-Mobile US Inc provideswireless communication servicesin the postpaid, prepaid, and wholesale markets.The Company's products and services includevoice, messaging, data services,wireless devices, smartphones and other mobile communication devices.