Showing posts with label T-Mobile. Show all posts
Showing posts with label T-Mobile. Show all posts

Thursday, March 19, 2020

T-Mobile say it has the funding to complete the Sprint Merger

T-Mobile US issued a statement saying it is currently financially prepared to close its planned merger with Sprint.

The company, which previously secured commitments for bridge financing and senior credit facility financing, said it has been in communication with all sixteen banks and has not received any notification that any of the banks are unprepared to fund their commitments to support the closing of the merger transaction. The companies continue to drive forward toward closing the merger as soon as possible.

“I’m pleased that right now we have broad support from the banks to finance the closing of this merger - we are very close to unleashing the capabilities of the New T-Mobile, and that is even more important for consumers during the current COVID-19 pandemic,” said John Legere, CEO of T-Mobile. “Our nation is more dependent than ever on connectivity, and we will continue to deliver our essential wireless service today and when we merge with Sprint, with a Nationwide 5G service that is broader and more robust than anything else in America. We can see the finish line and are prepared to close the merger very soon so our teams can get to work building a supercharged Un-carrier.”

“We are very happy to have assembled sixteen leading U.S. and global banks in our committed bridge financing for the acquisition of Sprint. This diversification of banks, and the spreading of the committed bridge financing creates a very high-quality bridge,” said Braxton Carter, Chief Financial Officer of T-Mobile.

http://www.NewTMobile.com

Saturday, March 14, 2020

Expecting a surge, T-Mobile US increases network capacity

To address an expected surge in network usage during the COVID-19 national emergency, T-Mobile US is activating 600 MHz spectrum from multiple companies, including Bluewater, Channel 51, Comcast, DISH, Grain Management affiliate NewLevel, LLC, LB Holdings and Omega Wireless, LLC in the markets where it can be quickly deployed.

“In trying times like this, we understand how important it is for people to remain connected – to family and friends, to resources and information, to their jobs via teleworking or schools via virtual classrooms. And we take our responsibility to keep our customers connected incredibly seriously,” said Neville Ray, President of Technology for T-Mobile. “We can’t thank these partners and the FCC enough for coming together to provide people across the country with the critical connectivity they’re relying on right now.”

T-Mobile also expanded roaming access for Sprint customers to use the T-Mobile network.

The following additional measures have been put in place by T-Mobile:

  • All current T-Mobile and Metro by T-Mobile customers who have plans with data will have unlimited smartphone data for the next 60 days (excluding roaming).
  • Providing T-Mobile and Metro by T-Mobile customers an additional 20GB of mobile hotspot / tethering service for the next 60 days – coming soon.
  • Increased the data allowance for free to schools and students using its digital learning programs to ensure each participant has access to at least 20GB of data per month for the next 60 days.
  • Offering free international calling for ALL current T-Mobile and Metro by T-Mobile customers to Level 3 impacted countries.


https://www.t-mobile.com/news/tmobile-to-increase-network-capacity-and-expand-roaming-for-sprint-customers

DISH lends 600 MHz spectrum to T-Mobile US for 60 days

DISH is providing its entire portfolio of 600 MHz spectrum to T-Mobile at no cost for 60 days during the COVID-19 national emergency

"DISH is proud to support Americans' personal and professional connectivity needs during this challenging time," said Jeff Blum, DISH SVP of public policy and government affairs. "As we take this step, we'd like to thank the FCC for their leadership on the technological needs arising as a result of the virus, including the increased need for broadband access to help consumers respond to the impact of COVID-19 on daily life."

http://about.dish.com/2020-03-13-COVID-19-Response-DISH-Lends-Critical-Spectrum-to-T-Mobile-in-Effort-to-Bolster-Nationwide-Wireless-Capacity-to-Help-Consumers


Earlier this year, DISH announce plans to release a Request for Information and Request for Proposal (RFI/RFP) for Telecom Transport Services in support of its plans to deploy a virtualized 5G Stand-Alone network across the United States. DISH has committed to building a standalone 5G broadband network available to at least 70 percent of the U.S. population by June 2023.

The Telecom Transport Services RFI/RFP, the fifth in a series of RFPs for different elements of the national network, will include requests for telecom transport service companies to facilitate lit and dark fiber connectivity to cell towers, buildings and data centers.

As part of the T-Mobile US + Sprint deal, Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets be divested to DISH. Sprint and T-Mobile must also provide DISH wireless customers access to the New T-Mobile network for seven years and offer standard transition services arrangements to DISH during a transition period of up to three years. DISH will also have an option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile, subject to any assignment restrictions.


Thursday, February 20, 2020

T-Mobile and Sprint amend merger terms

T-Mobile US and Sprint amended the terms of their pending merger as follows:

  • Immediately following the closing, and after the surrender of shares by SoftBank, Deutsche Telekom and SoftBank are expected to hold approximately 43% and 24%, respectively, of the fully diluted New T-Mobile shares, with the remaining approximately 33% held by public shareholders.
  • T-Mobile has agreed to re-issue to SoftBank the previously surrendered shares upon the achievement of certain stock price milestones by New T-Mobile during a specified measurement period, and subject to certain additional terms, as outlined in the letter agreement that will be filed by each of T-Mobile and Sprint with the SEC.
  • In addition, the amendment extends the “outside date” under the Business Combination Agreement to July 1, 2020, and modifies certain other provisions of the Business Combination Agreement as described in the companies’ SEC filings.

A separate arrangement entered into by SoftBank Group Corp. in connection with the amendment will result in an effective exchange ratio of approximately 11.00 Sprint shares for each T-Mobile share immediately following the closing of the merger, an increase from the originally agreed 9.75 shares. This is a result of SoftBank agreeing to surrender approximately 48.8 million T-Mobile shares acquired in the merger to New T-Mobile immediately following the closing of the transaction, making SoftBank’s effective ratio 11.31 Sprint shares per T-Mobile share. Sprint shareholders other than SoftBank will continue to receive the original fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share, or the equivalent of approximately 9.75 Sprint shares for each T-Mobile share.

“Today’s announcement is another significant step forward toward finally closing this transaction! Throughout this journey, T-Mobile and Sprint have been singularly focused on one thing: building a supercharged Un-carrier that will offer U.S. consumers a broad and deep nationwide 5G network, more choice and greater competition. We are now on the threshold of achieving our goal. And did I mention how fun it’s going to be sticking it to Dumb, Dumber and Big Cable along the way? This is going to be epic!” said John Legere, CEO of T-Mobile.

“With today’s agreement in place, we are now turning our attention toward our goal of closing this transaction and creating the New T-Mobile as early as April 1, 2020,” said Mike Sievert, COO and President of T-Mobile, and appointed CEO of the company starting on May 1, 2020. “We are on the verge of being able to do what we’ve set out to do from day one -- reshape a broken wireless industry and create the new standard for consumers when it comes to value, speed, quality and service. The New T-Mobile is literally going to change wireless for good and now we’re almost ready to get to the fun part: bringing our teams together, building this supercharged Un-carrier and becoming the envy of the wireless industry and beyond!”

“Completing this step is yet another critical milestone in securing Sprint’s future, and it brings us one step closer to closing this historic transaction that has been years in the making,” said Marcelo Claure, Sprint Executive Chairman. “I’m incredibly thankful for the perseverance and resilience of everyone that has gotten us to this point.”

Tuesday, February 11, 2020

Court approves T-Mobile US + Sprint merger

The U.S. Federal Court in New York approved the merger of T-Mobile US and Sprint. The companies said they are now taking final steps to complete their merger to create the New T-Mobile.

“Today was a huge victory for this merger … and now we are FINALLY able to focus on the last steps to get this merger done! We want to thank the Court for its thorough review of the facts we presented in our case. We’ve said it all along: the New T-Mobile will be a supercharged Un-carrier that is great for consumers and great for competition. The broad and deep 5G network that only our combined companies will be able to bring to life is going to change wireless … and beyond. Look out Dumb and Dumber and Big Cable – we are coming for you … and you haven’t seen anything yet!” said John Legere, Chief Executive Officer of T-Mobile.

“Judge Marrero’s decision validates our view that this merger is in the best interests of the U.S. economy and American consumers,” said Sprint Executive Chairman Marcelo Claure. “Today brings us a big step closer to creating a combined company that will provide nationwide 5G, lower costs, and a high-performing network that will invigorate competition to the benefit of all mobile wireless and in-home broadband consumers. With the support of federal regulators and now this Court, we will focus on quickly completing the few remaining necessary steps to close this transaction. I am proud of my Sprint team’s dedication, passion and resilience throughout the merger review process, and we are ready to make the vision of a New T-Mobile a reality.”

FCC approves T-Mobile + Sprint merger

The FCC voted to approve the merger of T-Mobile and Sprint with the following commitments from the new T-Mobile:

  • Within three years, the company will deploy 5G service to cover 97% of the American people, and within six years to reach 99% of all Americans. This commitment includes deploying 5G service to cover 85% of rural Americans within three years and 90% of rural Americans within six years.
  • Within six years, 90% of Americans would have access to mobile service with speeds of at least 100 Mbps and 99% of Americans would have access to speeds
  • of at least 50 Mbps. This includes two-thirds of rural Americans having access to mobile service with speeds of at least 100 Mbps, and 90% of rural Americans having access to speeds of at least 50 Mbps. 

The FCC ruled that the merger would not harm competition and that the transaction is in the public interest.

In connection with the merger, the FCC also proposed modifications to construction deadlines related to DISH licenses and the Department of Justice’s consent decree, where DISH pledged to become a new entrant into the wireless industry. DISH has committed to offering 5G to over two-thirds of Americans within four years.

FCC Commissioner Ajit Pai stated "New T-Mobile will be far better positioned to deploy Sprint’s extensive 2.5 GHz spectrum holdings than would Sprint standing alone, given that company’s financial situation. Indeed, New TMobile’s network will cover at least 88% of Americans with mid-band 5G within six years, a far wider deployment than either Sprint or T-Mobile would be able to accomplish on their own."

New T-Mobile to provide network access to DISH for 7 years

The U.S. Department of Justice (DOJ) approved the merger of T-Mobile US and Sprint with the following conditions: Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets be divested to DISH. Sprint and T-Mobile must also provide DISH wireless customers access to the New T-Mobile network for seven years and offer standard transition services arrangements to DISH during a transition period of up to three years. DISH will also have an option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile, subject to any assignment restrictions.

The T-Mobile + Sprint deal was first announced on 29-April-2019. Deutsche Telekom holds approximately 62% stake in T-Mobile US. Softbank holds an 83% stake in Sprint.

"The T-Mobile and Sprint merger we announced last April will create a bigger and bolder competitor than ever before – one that will deliver the most transformative 5G network in the country, lower prices, better quality, unmatched value and thousands of jobs, while unlocking an unprecedented $43B net present value in synergies. We are pleased that our previously announced target synergies, profitability and long-term cash generation have not changed," said T-Mobile CEO and New T-Mobile CEO John Legere.

“This is an important day for our country and, most important, American consumers and businesses,” said Sprint Executive Chairman Marcelo Claure. “Today’s clearance from the DOJ, along with our anticipated approval from the FCC, will allow the U.S. to fiercely compete for 5G leadership. We plan to build one of the world’s most advanced 5G networks, which will massively revolutionize the way consumers and businesses use their connected devices to enhance their daily lives. The powerful combination of 5G, artificial intelligence and the Internet of Things will unleash endless possibilities.”

https://www.t-mobile.com/news/t-mobile-sprint-merger-doj-clearance

New T-Mobile and DISH Agreements that become effective upon completion of the T-Mobile+Sprint merger

Agreement to Divest Sprint’s Prepaid Businesses
The New T-Mobile will be committed to divest Sprint’s entire prepaid businesses including Boost Mobile, Virgin Mobile and Sprint-branded prepaid customers (excluding the Assurance brand Lifeline customers and the prepaid wireless customers of Shenandoah Telecommunications Company and Swiftel Communications, Inc.), to DISH for approximately $1.4 billion. These brands serve approximately 9.3 million customers in total.

Agreements Upon Closing of Prepaid Divestiture 

Master Services Agreement for Network Access
Boost Mobile, Virgin Mobile, and Sprint-branded prepaid customers, as well as new DISH wireless customers, will have full access to the legacy Sprint network and the New T-Mobile network in a phased approach. Access to the New T-Mobile network will be through an MVNO arrangement, as well as through an Infrastructure MNO arrangement enabling roaming in certain areas until DISH’s 5G network is built out.

Transition Services Agreement to Support Prepaid Customers
The New T-Mobile will offer standard transition services arrangements to DISH for up to three years following the close of the divestiture transaction. The transition services provided by the New T-Mobile will result in the orderly transfer of prepaid customers to DISH and will also ensure the continued and seamless operation of Boost Mobile, Virgin Mobile, and Sprint-branded prepaid businesses following transition to DISH's ownership.

Agreement to Divest Sprint’s 800 MHz Spectrum Licenses to DISH
DISH has agreed to acquire Sprint’s portfolio of nationwide 800 MHz spectrum for a total value of approximately $3.6 billion in a transaction to be completed, subject to certain additional closing conditions, following an application for FCC approval to be filed three years following the closing of T-Mobile’s merger with Sprint. This will permit the New T-Mobile to continue to serve legacy Sprint customers during network integration, pending later FCC approval of the license transfer. The companies have also entered into an agreement providing the New T-Mobile the option to lease back a portion of the spectrum sold to DISH for an additional two years following closing of the spectrum sale.

Option for DISH to Take Over Decommissioned Cell Sites and Retail Locations
Following the closing of T-Mobile’s merger with Sprint and subsequent integration into the New T-Mobile, DISH will have the option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile for five years following the closing of the divestiture transaction, subject to any assignment restrictions.

Agreement to Engage in Negotiations Regarding T-Mobile Leasing DISH's 600 MHz Spectrum
The companies have also committed to engage in good faith negotiations regarding the leasing of some or all of DISH’s 600 MHz spectrum to T-Mobile.

Thursday, February 6, 2020

T-Mobile US posts its strongest quarterly and yearly financials to date

T-Mobile US reported 1.9 million total net customer additions for the fourth quarter of 2019, bringing its total customer count to 86.0 million, and marking the 27th straight quarter in which T-Mobile generated more than 1 million total net customer additions. For full-year 2019, total net customer additions were 7.0 million.

Total service revenues increased 6% to a record-high of $8.7 billion in Q4 2019 and 6% to a record-high of $34.0 billion in full-year 2019. These results represent the best quarterly and full-year performance for the company.

“T-Mobile continues to deliver incredible results quarter after quarter! In Q4 we set new financial records across the board and recorded our 27th consecutive quarter with over 1 million total net customer additions,” said John Legere, CEO of T-Mobile. “We achieved these spectacular results all while launching the first and only nationwide 5G network, announcing Un-carrier 1.0 for New T-Mobile, and delivering a compelling and fact-based argument in court to support our pending merger. Our results continue to show that the Un-carrier strategy works, and it delivers for both customers and shareholders. I couldn’t be more confident and excited about our future and We Won’t Stop!”

Branded postpaid phone Average Revenue per User (ARPU) decreased 1.1% to $45.79 in Q4 2019 and decreased 0.8% to $46.04 in full-year 2019.
Branded prepaid ARPU was essentially flat at $38.54 in Q4 2019 and down 1.5% to $37.95 in full-year 2019.
 In December 2019, T-Mobile launched its nationwide 5G network, including prepaid 5G with Metro by T-Mobile, covering more than 200 million people and more than 5,000 cities and towns across the United States with 5G.
At the end of Q4 2019, T-Mobile owned a nationwide average of 31 MHz of 600 MHz low-band spectrum.
As of December 31, 2019, T-Mobile  had cleared 275 million POPs and the company expects to clear the remaining 600 MHz POPs in 2020.
T-Mobile continues its deployment of 4G LTE on 600 MHz spectrum, using 5G-ready equipment, with 1.5 million square miles already lit up, covering 248 million POPs in nearly 8,900 cities and towns in 49 states and Puerto Rico.

Sunday, February 2, 2020

5G Super Bowl 2020 Commercials

Tuesday, January 7, 2020

T-Mobile US added 1.9M subs in Q4 2019

T-Mobile US had 1.9 million total net additions in Q4 2019, the 27th quarter in a row with more than 1 million total net additions. For full-year 2019, T-Mobile had 7.0 million total net additions, including 4.5 million branded postpaid net additions - beating its increased customer guidance range of 4.1 to 4.3 million for the full-year 2019.

T-Mobile's total customer base was 86.0 million at year-end 2019, an increase of approximately 53 million since T-Mobile launched the Un-carrier in 2013.

“T-Mobile delivered another incredible fourth quarter with strong customer growth, despite a very competitive environment - and we did it while lighting up the country's first nationwide 5G network and working to close our merger with Sprint,” said John Legere, CEO of T-Mobile. “7 million net customers have chosen to join the Un-carrier movement in 2019, and they are choosing T-Mobile because we treat them right, we eliminate their pain points, and we are changing the rules of this industry for customers everywhere."

T-Mobile US activates 5G on 600 MHz nationwide spectrum

T-Mobile activated commercial 5G service using its 600 MHz spectrum. T-Mobile 5G is now active across its nationwide network, covering more than 200 million people and more than 5,000 cities and towns.

T-Mobile is offering two new 5G phones: the exclusive OnePlus 7T Pro 5G McLaren and the Samsung Galaxy Note10+ 5G. Both units are ready to use Sprint’s 5G spectrum (2.5 GHz) when available from the New T-Mobile if the merger closes.

5G access costs the same as LTE.

“5G is here on a nationwide scale. This is a HUGE step towards 5G for All,” said John Legere, CEO of T-Mobile. “While Dumb and Dumber focus on 5G for the (wealthy) Few, launching in just a handful of cities — and forcing customers into their most expensive plans to get 5G — we’re committed to building broad, deep nationwide 5G that people and businesses can access at no extra cost with the New T-Mobile … and today is just the start of that journey.”

Monday, December 2, 2019

T-Mobile US activates 5G on 600 MHz nationwide spectrum

T-Mobile activated commercial 5G service using its 600 MHz spectrum. T-Mobile 5G is now active across its nationwide network, covering more than 200 million people and more than 5,000 cities and towns.

T-Mobile is offering two new 5G phones: the exclusive OnePlus 7T Pro 5G McLaren and the Samsung Galaxy Note10+ 5G. Both units are ready to use Sprint’s 5G spectrum (2.5 GHz) when available from the New T-Mobile if the merger closes.

5G access costs the same as LTE.

“5G is here on a nationwide scale. This is a HUGE step towards 5G for All,” said John Legere, CEO of T-Mobile. “While Dumb and Dumber focus on 5G for the (wealthy) Few, launching in just a handful of cities — and forcing customers into their most expensive plans to get 5G — we’re committed to building broad, deep nationwide 5G that people and businesses can access at no extra cost with the New T-Mobile … and today is just the start of that journey.”

“The carriers have been over-hyping 5G for years now, setting expectations beyond what they can deliver. When Verizon says #5GBuiltRight, they must mean sparse, expensive and limited to outdoors only,” said Neville Ray, T-Mobile President of Technology. “Meanwhile at T-Mobile, we built 5G that works for more people in more places, and this is just the start. With the New T-Mobile, we’ll see 5G speeds follow the same path as LTE, increasing exponentially over time. Plus, real broad and deep 5G will unleash whole new categories of innovation that will touch almost every area of the economy. The 5G future is bright, and it starts today.”

Monday, November 18, 2019

John Legere to step down as CEO of T-Mobile US

John Legere will step down as CEO of T-Mobile US when his contract expires on April 30, 2020. T-Mobile's Board of Directors named Mike Sievert as Chief Executive Officer.

Sievert currently serves as President, Chief Operating Officer and a Board Director.

“John Legere has had an enormously successful run as CEO. As the architect of the Un-carrier strategy and the company’s complete transformation, John has put T-Mobile US in an incredibly strong position. I have the highest respect for his performance as a manager and as a friend, I am very grateful to him for the time together,” said Tim Höttges, Deutsche Telekom CEO, and Chairman of the Board of T-Mobile US. “John taught everyone at T-Mobile that if you listen to customers and empower employees, you can change a culture – and by doing so – change a company and an entire industry. On behalf of the Board of Directors, I would like to thank John, and of course Mike, and all the employees for everything they have achieved over the past seven years. We have tremendous respect for John’s leadership and appreciate his incredible contributions to T-Mobile’s success. The Board is pleased that John will support this leadership transition while focusing on closing our pending acquisition of Sprint.”

“I hired Mike in 2012 and I have great confidence in him. I have mentored him as he took on increasingly broad responsibilities, and he is absolutely the right choice as T-Mobile’s next CEO,” said John Legere. “Mike is well prepared to lead T-Mobile into the future. He has a deep understanding of where T-Mobile has been and where it needs to go to remain the most innovative company in the industry. I am extremely proud of the culture and enthusiasm we have built around challenging the status quo and our ongoing commitment to putting customers first. Together, these attributes have distinguished T-Mobile in the marketplace and on Wall Street, giving us a powerful business advantage that is instilled throughout every level of T-Mobile. I am confident it will thrive under Mike’s leadership.”

“In the months ahead, my focus will be on ensuring a smooth leadership transition and continuing to work closely with the Board and Mike to complete the Sprint transaction,” added John Legere. “This merger will create the New T-Mobile – a company that is uniquely positioned to continue disrupting the wireless category – and beyond. This marks the beginning of a dynamic new chapter for T-Mobile.”

Tuesday, November 5, 2019

FCC approves T-Mobile + Sprint merger

The FCC voted to approve the merger of T-Mobile and Sprint with the following commitments from the new T-Mobile:

  • Within three years, the company will deploy 5G service to cover 97% of the American people, and within six years to reach 99% of all Americans. This commitment includes deploying 5G service to cover 85% of rural Americans within three years and 90% of rural Americans within six years.
  • Within six years, 90% of Americans would have access to mobile service with speeds of at least 100 Mbps and 99% of Americans would have access to speeds
  • of at least 50 Mbps. This includes two-thirds of rural Americans having access to mobile service with speeds of at least 100 Mbps, and 90% of rural Americans having access to speeds of at least 50 Mbps. 

The FCC ruled that the merger would not harm competition and that the transaction is in the public interest.

In connection with the merger, the FCC also proposed modifications to construction deadlines related to DISH licenses and the Department of Justice’s consent decree, where DISH pledged to become a new entrant into the wireless industry. DISH has committed to offering 5G to over two-thirds of Americans within four years.

FCC Commissioner Ajit Pai stated "New T-Mobile will be far better positioned to deploy Sprint’s extensive 2.5 GHz spectrum holdings than would Sprint standing alone, given that company’s financial situation. Indeed, New TMobile’s network will cover at least 88% of Americans with mid-band 5G within six years, a far wider deployment than either Sprint or T-Mobile would be able to accomplish on their own."

New T-Mobile to provide network access to DISH for 7 years

The U.S. Department of Justice (DOJ) approved the merger of T-Mobile US and Sprint with the following conditions: Sprint’s prepaid businesses and Sprint’s 800 MHz spectrum assets be divested to DISH. Sprint and T-Mobile must also provide DISH wireless customers access to the New T-Mobile network for seven years and offer standard transition services arrangements to DISH during a transition period of up to three years. DISH will also have an option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile, subject to any assignment restrictions.

The T-Mobile + Sprint deal was first announced on 29-April-2019. Deutsche Telekom holds approximately 62% stake in T-Mobile US. Softbank holds an 83% stake in Sprint.

"The T-Mobile and Sprint merger we announced last April will create a bigger and bolder competitor than ever before – one that will deliver the most transformative 5G network in the country, lower prices, better quality, unmatched value and thousands of jobs, while unlocking an unprecedented $43B net present value in synergies. We are pleased that our previously announced target synergies, profitability and long-term cash generation have not changed," said T-Mobile CEO and New T-Mobile CEO John Legere.

“This is an important day for our country and, most important, American consumers and businesses,” said Sprint Executive Chairman Marcelo Claure. “Today’s clearance from the DOJ, along with our anticipated approval from the FCC, will allow the U.S. to fiercely compete for 5G leadership. We plan to build one of the world’s most advanced 5G networks, which will massively revolutionize the way consumers and businesses use their connected devices to enhance their daily lives. The powerful combination of 5G, artificial intelligence and the Internet of Things will unleash endless possibilities.”

https://www.t-mobile.com/news/t-mobile-sprint-merger-doj-clearance

New T-Mobile and DISH Agreements that become effective upon completion of the T-Mobile+Sprint merger

Agreement to Divest Sprint’s Prepaid Businesses
The New T-Mobile will be committed to divest Sprint’s entire prepaid businesses including Boost Mobile, Virgin Mobile and Sprint-branded prepaid customers (excluding the Assurance brand Lifeline customers and the prepaid wireless customers of Shenandoah Telecommunications Company and Swiftel Communications, Inc.), to DISH for approximately $1.4 billion. These brands serve approximately 9.3 million customers in total.

Agreements Upon Closing of Prepaid Divestiture 

Master Services Agreement for Network Access
Boost Mobile, Virgin Mobile, and Sprint-branded prepaid customers, as well as new DISH wireless customers, will have full access to the legacy Sprint network and the New T-Mobile network in a phased approach. Access to the New T-Mobile network will be through an MVNO arrangement, as well as through an Infrastructure MNO arrangement enabling roaming in certain areas until DISH’s 5G network is built out.

Transition Services Agreement to Support Prepaid Customers
The New T-Mobile will offer standard transition services arrangements to DISH for up to three years following the close of the divestiture transaction. The transition services provided by the New T-Mobile will result in the orderly transfer of prepaid customers to DISH and will also ensure the continued and seamless operation of Boost Mobile, Virgin Mobile, and Sprint-branded prepaid businesses following transition to DISH's ownership.

Agreement to Divest Sprint’s 800 MHz Spectrum Licenses to DISH
DISH has agreed to acquire Sprint’s portfolio of nationwide 800 MHz spectrum for a total value of approximately $3.6 billion in a transaction to be completed, subject to certain additional closing conditions, following an application for FCC approval to be filed three years following the closing of T-Mobile’s merger with Sprint. This will permit the New T-Mobile to continue to serve legacy Sprint customers during network integration, pending later FCC approval of the license transfer. The companies have also entered into an agreement providing the New T-Mobile the option to lease back a portion of the spectrum sold to DISH for an additional two years following closing of the spectrum sale.

Option for DISH to Take Over Decommissioned Cell Sites and Retail Locations
Following the closing of T-Mobile’s merger with Sprint and subsequent integration into the New T-Mobile, DISH will have the option to take on leases for certain cell sites and retail locations that are decommissioned by the New T-Mobile for five years following the closing of the divestiture transaction, subject to any assignment restrictions.

Agreement to Engage in Negotiations Regarding T-Mobile Leasing DISH's 600 MHz Spectrum
The companies have also committed to engage in good faith negotiations regarding the leasing of some or all of DISH’s 600 MHz spectrum to T-Mobile.

Monday, October 28, 2019

T-Mobile adds 1.7 million subs in Q3 as it readies 5G launch

T-Mobile US hit 1.7 million total net additions in Q3 2019 - a record 26th consecutive quarter of more than 1 million total net additions. Branded postpaid phone churn was at a record-low of 0.89% in Q3 2019, down 13 bps YoY.

Q3 revenues reached a record $11.1 billion, up 2% in Q3 2019. Service revenues were a record $8.6 billion, up 6% in Q3 2019 with Branded postpaid revenues up 10%.

Branded postpaid phone Average Revenue per User (ARPU) was essentially flat at $46.22 in Q3 2019.

T-Mobile highlighted its accelerated plan to launch its nationwide 5G network on 600 MHz spectrum later this year. The 600 MHz spectrum will be the foundational layer for the New T-Mobile’s 5G Network that once combined with Sprint’s spectrum, will result in a broad and deep nationwide 5G experience.

“Q3 2019 was another blockbuster quarter for T-Mobile! Once again we set new records, including our 26th quarter in a row with more than 1 million net additions. And the Un-carrier is leading the industry in postpaid phone net adds - again,” said John Legere, CEO of T-Mobile. “Our team has been hard at work deploying 600 MHz spectrum and we have accelerated our plans to launch a foundational layer of 5G nationwide later this year. On top of that, the tremendous benefits of our merger with Sprint are just as compelling today as when we announced the deal and we look forward to completing the remaining steps so the New T-Mobile can get started delivering the incredible benefits to American consumers!”

Sunday, October 6, 2019

T-Mobile commits to more wind energy

T-Mobile US is launching its Solomon Forks Wind Project with ENGIE US Wind in Kansas and signing agreements with five additional clean energy sources across the country. These initiatives will bring the company to 95% of its RE100 commitment to use 100% renewable energy by 2021. Along with reducing energy consumption and building green facilities nationwide, T-Mobile is buying enough green power annually to account for every unit of electricity the company consumes. With the addition of today’s five new contracts, the Un-carrier is now participating in a total of EIGHT clean energy projects across the U.S. Once they’re all up and running, they will bring 3,017,000 MWh of green energy online.

"In 2018 we made a big industry-leading commitment to power ALL of T-Mobile — from cell towers to customer care centers to retail stores to headquarters — with renewable energy. Why? Simple. We know our operations have an impact on the environment and we want to do what we can to reduce that. Efforts like the ones we announced today just prove we continue to be ALL IN!” said John Legere, CEO at T-Mobile. “And by the way, I still challenge the other guys to do better and join us in our commitment to 100% green energy."

Wednesday, July 31, 2019

T-Mobile tests Standalone 5G with multivendor radio/core

T-Mobile completed a standalone 5G data session on a multi-vendor 5G radio access and core network -- an industry first according to the company.

“This major 5G breakthrough is another example of how the T-Mobile engineering team continues to innovate and drive the entire industry forward. I could not be more proud of them,” said Neville Ray, Chief Technology Officer at T-Mobile. “5G brings a new era in wireless, and if our merger with Sprint is approved, the New T-Mobile will bring together the resources and vision necessary to ensure America has a network that’s second to none.”

The standalone 5G milestone data session was carried out at T-Mobile's Bellevue, Washington lab with the participation of Ericsson, Nokia, Cisco and MediaTek.

T-Mobile said it is on track to introduce standalone 5G in 2020.

https://www.t-mobile.com/5g




Thursday, July 25, 2019

T-Mobile US reports a solid Q2 - its best quarter in 3 years

T-Mobile US reported accelerated customer growth in Q2 2019 along with improved financials. The company described the quarter as its strongest performance in the past three years and said it on track to capture more than two-thirds of industry growth in the U.S. market.

T-Mobile ended Q2 2019 with 83.1 million total customers.

Accelerated Customer Growth
  • 1.8 million total net additions in Q2 2019, up 11% YoY
  • 1.1 million branded postpaid net additions in Q2 2019, up 9% YoY, expected to be best in the industry
  • 710,000 branded postpaid phone net additions in Q2 2019, up 3% YoY, expected to be best in the industry
  • 131,000 branded prepaid net additions in Q2 2019, up 44% YoY
  • All-time record-low branded postpaid phone churn of 0.78% in Q2 2019, down 17 bps YoY
Record Q2 Financial Performance (all percentages year-over-year)
  • Record Service revenues of $8.4 billion, up 6% in Q2 2019 with Branded postpaid service revenues up 9%
  • Record Q2 Total revenues of $11.0 billion, up 4% in Q2 2019
  • Record Q2 Net income of $939 million, up 20% in Q2 2019
  • Record Q2 Diluted earnings per share (“EPS”) of $1.09, up 18% in Q2 2019
  • Record Adjusted EBITDA(1) of $3.5 billion, up 7% in Q2 2019
  • Record Q2 Net cash provided by operating activities of $2.1 billion, up 70% in Q2 2019
  • Record Q2 Free Cash Flow(1) of $1.2 billion, up 51% in Q2 2019
Network rollout
  • On track to launch the first nationwide 5G network available next year; 99% of Americans now covered with 4G LTE
  • Aggressive deployment of 600 MHz using 5G-ready equipment; 4G LTE on 600 MHz now covering 156 million people and 1.2 million square miles
  • 5G millimeter wave (mmWave) network introduced in 6 cities including New York and Los Angeles
  • Successful participation in mmWave auctions; average nationwide mmWave spectrum position more than quadrupled

https://investor.t-mobile.com/investors/financial-performance/quarterly-results/default.aspx

Wednesday, July 24, 2019

T-Mobile activates LTE over 60,000 square miles of the Gulf of Mexico

T-Mobile has activated LTE coverage over 60,000 square miles of the Gulf of Mexico. The rollout leverages T-Mobile’s 600 MHz and RigNet’s 700 MHz spectrum Gulf of Mexico digital microwave infrastructure mounted on oil rigs. T-Mobile used 5G-ready equipment to light up LTE in the Gulf.

“We’re putting an end to the pain that businesses and consumers in the Gulf have felt for years with limited connectivity – and in some cases, none at all,” said Neville Ray, Chief Technology Officer at T-Mobile. “We already cover 99% of Americans with an advanced LTE network, and we cover places no one else does – like the soldiers, families and civilians at Naval Station Guantanamo Bay in Cuba. Now, T-Mobile has you covered, even in the Gulf, and of course…we won’t stop!”

Thursday, April 25, 2019

T-Mobile US adds 1.7 million customers in Q1

T-Mobile US reported accelerated customer growth, all-time record-low postpaid phone churn of 0.88%, and record first quarter financials.

Q1 marked the 24th quarter in a row where T-Mobile delivered greater than 1 million total customer net additions.

Some highlights:

  • Total net customer additions were 1.7 million in Q1 2019, bringing our total customer count to 81.3 million, and marking the 24th straight quarter in which T-Mobile generated more than 1 million total net customer additions.
  • Branded postpaid net customer additions were 1.0 million in Q1 2019.
  • Branded postpaid phone net customer additions were 656,000 in Q1 2019, up 39,000 from Q1 2018, and Q1 2019 is expected to be the 21st consecutive quarter in which T-Mobile leads the industry in this category. Branded postpaid phone net customer additions increased year-over-year primarily due to record-low churn.
  • Branded postpaid other net customer additions were 363,000 in Q1 2019 primarily due to continued strength in gross customer additions driven by wearables.
  • Branded prepaid net customer additions were 69,000 in Q1 2019, down year-over-year primarily due to continued promotional activities in the marketplace, partially offset by lower churn.
  • Branded prepaid churn was 3.85% in Q1 2019, down 9 basis points year-over-year.
  • Total service revenues increased 6% to a record-high of $8.3 billion in Q1 2019. These results represent our best quarterly performance ever and we expect to lead the industry for the 20th consecutive quarter in year-over-year service revenue percentage growth. Branded postpaid revenues increased 8% year-over-year.
  • Total revenues increased 6% to $11.1 billion in Q1 2019 driven by growth in both Service revenues and Equipment revenues.
  • Branded postpaid phone Average Revenue per User (ARPU) decreased to $46.07 in Q1 2019, down 1.3%. The decrease was primarily due to a reduction in regulatory program revenues from the continued adoption of tax inclusive plans, a reduction in certain non-recurring charges, the growing success of new customer segments and rate plans, including T-Mobile for Business, and the impact of the ongoing growth in our Netflix offering, partially offset by higher premium services revenue and a net reduction in promotional activities. For 2019 as a whole, we still expect ARPU to be generally stable within a range from plus 1% to minus 1%.
  • Branded prepaid ARPU decreased to $37.65 in Q1 2019, down 3.2%, primarily due to dilution from promotional rate plans and growth in our Amazon Prime offering, partially offset by certain non-recurring charges.
  • Net income increased 35% to $908 million and EPS increased 36% to $1.06 in Q1 2019 primarily due to higher Operating income and lower Interest expense. The negative impact from merger-related costs on Net income and EPS was $93 million and $0.11, respectively.

“Our results speak for themselves and our business continues to fire on all cylinders! Record Service revenues, record Q1 Net income and record Adjusted EBITDA - all while we continue to share the story and lay out the facts that our game changing merger with Sprint will be a win for consumers,” said John Legere, CEO of T-Mobile. “We’re off to a fast start in 2019 with customer growth that accelerated year-over-year, record low churn and we expect to lead the industry in postpaid phone growth. We’re executing on our business plan and our guidance shows that we expect our momentum to continue.”

Thursday, April 11, 2019

T-Mobile US to launch video service

T-Mobile US is preparing to launch TVision Home service featuring a set-top box that is an upgraded version of Layer3 TV. The service will offer content from Amazon Prime, Netflix and other providers.

“5G will transform entertainment, and the New T-Mobile will transform 5G if our merger with Sprint is approved,” said Mike Sievert, President and COO of T-Mobile. “Having Prime Video on board with TVision speaks volumes about 5G’s potential to disrupt entertainment and give customers better ways to get the content they care about.”

Vision Home is launching in Chicago, Dallas-Fort Worth, Los Angeles, New York City, Philadelphia, San Francisco, and Washington, D.C. metro areas, as well as Longmont, CO, with other markets coming later this year.

T-Mobile also announced that Netflix and other streaming apps will be available on TVision Home, and the Un-carrier shared plans for TVision to run on popular third-party TV platforms in the future.

Following on its deal with Viacom last week, T-Mobile also announced they will launch nationwide streaming services later in 2019 “We love giving our customers more ways to conveniently access Prime Video and are thrilled to work with T-Mobile,” said Andrew Bennett, Director of Worldwide Business Development for Prime Video. “The launch will give Prime members easy access to new favorites like Hanna and upcoming seasons of Bosch, Good Omens and Sneaky Pete.”

http://www.tvision.com

Sunday, March 31, 2019

T-Mobile US brings back the phone booth

T-Mobile is bringing back the phone booth -- a private
, soundproof cube for letting its customers take and make calls or browse their smartphone in peace.

The first T-Mobile Phone BoothE units are being installed in NYC, Washington D.C. and Seattle. T-Mobile will be able to use an app to gain access to a booth.

“It’s 2019 and people are walking around with a finger in their ear, trying to have a conversation! The T-Mobile Phone BoothE solves this problem,” said John Legere, CEO of T-Mobile. “The whole point of having a mobile phone is so you can converse on the go, but there are certain conversations that call for privacy. This is a major evolution in how we think about mobility – now the busiest street corner can be your cellular sanctuary.”


https://www.t-mobile.com/brand/t-mobile-boothe?icid=WMD_TM_19BOOTHE_LA21NJYA1ZG1ZY89816712_HP

Thursday, March 21, 2019

T-Mobile US tests LTE fixed broadband service

T-Mobile US is piloting a fixed Internet home service delivered over its LTE network.

T-Mobile is inviting a limited group of T-Mobile customers in rural and underserved to test the service.

The T-Mobile Home Internet fixed service expects to deliver speeds of around 50 Mbps. The pilot service is priced at $50 per month and has no data cap.

T-Mobile said that due to LTE network and spectrum capacity constraints, the pilot is limited by invitation-only to existing customers in specific areas, with the goal of reaching 50,000 households by the end of the year – or slightly less than 0.04% of U.S. households.

If T-Mobile’s pending merger with Sprint is approved, the company said the New T-Mobile will cover more than half of U.S. households with 5G broadband service – in excess of 100 Mbps – by 2024.

“Two weeks ago, I laid out our plans for home broadband with the New T-Mobile. Now, we’re already hard at work building toward that future,” said John Legere, CEO of T-Mobile. “We’re walking the walk and laying the foundation for a world where we can take the fight to Big Cable on behalf of consumers and offer real choice, competition and savings to Americans nationwide.”

See also