T-Mobile US, Inc. (TMUS) New Street Research 5G Conference Call (Transcript)

Nov. 14, 2022 3:02 PM ETT-Mobile US, Inc. (TMUS)
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T-Mobile US, Inc. (NASDAQ:TMUS) New Street Research 5G Conference Call November 14, 2022 12:25 PM ET

Company Participants

Neville Ray - President, Technology

Conference Call Participants

Jonathan Chaplin - New Street Research

Jonathan Chaplin

Good afternoon, everybody and thanks for joining us. So Neville Ray began rolling out 2.5 gigahertz spectrum in New York and Philadelphia at the very beginning of COVID in May 2020. Just 2.5 years later, it covers more than 250 people. It got to that milestone sooner than the company anticipated. It’s now being enriched with 600 megahertz spectrum, which will reach 250 million people ahead of schedule. Having completed the first standalone 5G call in 2020, more recently, this summer, Neville made T-Mobile the first carrier to launch VoNR across several markets.

He has just finished decommissioning 35,000 towers running the Sprint CDMA and LTE networks, having migrated 30 million customers over in just 820 days, not much longer that it took to migrate about 10 million MetroPCS customers to the T-Mobile network after the merger. And it was all done also ahead of schedule. And by the way, I am running through these accolades, so that Neville doesn’t have to. But it really is a fairly phenomenal track record. By moving this fast on the integration, Neville has helped unlock $3.5 billion or $5 billion in synergies that come from the deal which has accelerated the free cash flow growth of the company. After having taken on what we – what they think of as red and blue, Neville’s 2.5 gigahertz spectrum is now enabling T-Mobile to get into the broadband industry, taking on cable with fixed wireless broadband.

As I think about sort of the list of accomplishments, I think this is undoubtedly the most seamless network integration we have seen of the scale

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