TMUS · T-Mobile US, Inc.

T-Mobile US Inc TMUS

Provides wireless voice, messaging, and data telecommunications services to consumers and businesses.

Industry
Telecommunication
Listed on
Nasdaq NMS
IPO
2007-04-19
Website
t-mobile.com

Daily brief

T-Mobile drops hardest among carriers on SpaceX spectrum purchase

-13.27% to $148.58 from $171.31

What moved TMUS

  • T-Mobile shares fell 13.27% on Friday, the steepest decline among the major wireless carriers.
  • The decline began in after-hours trading Thursday evening, when T-Mobile shares had already lost about 6%.
  • SpaceX agreed to buy an 800 MHz spectrum portfolio from Grain Management for about $8 billion, a deal that requires FCC approval before it can close.
  • Investors weighed the prospect of a fourth nationwide wireless competitor built around SpaceX’s Starlink network.

Sources: CNBC · The Wall Street Journal · Yahoo Finance

Daily brief

T-Mobile Downgraded by Wolfe Research on Competitive Pressure

-0.42% to $182.61 from $183.38

What moved TMUS

  • Wolfe Research downgraded T-Mobile to Peer Perform from Outperform, citing mounting competitive pressure in its core wireless market.
  • The firm said long-term revenue growth forecast risk has tilted negative as competitors expand within T-Mobile’s core business.
  • The downgrade adds to a string of recent analyst notes flagging concerns about T-Mobile’s consumer value proposition following recent pricing changes.

Sources: Investing.com

More on T-Mobile US, Inc.

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