T-Mobile US Inc (TMUS) News & EventsTMUSNews & EventsT-Mobile US Inc

T-Mobile Completes Spectrum Deal with Grain Management for $2.9B

T-Mobile announced the completion of its previously announced spectrum transaction with Grain Management. Under the transaction, T-Mobile transferred its 800 MHz spectrum portfolio to Grain in exchange for $2.9B in cash and all of Grain's 600 MHz spectrum licenses.

SpaceX Plans Starlink Mobile, Telecom Stocks Drop

Shares of telecom stocks are trading lower after SpaceXoutlined plans to compete with the largest U.S. mobile carriers with its own Starlink Mobile service. During the company's earnings call, President and COO Gwynne Shotwell said she expects SpaceX to win customers from AT&T, Verizon, and T-Mobile, arguing the company's service will be stronger.EARNINGS:SpaceX reported its first quarterly results as a public company, showing its AI business growing rapidly and swinging to an adjusted profit. However, the company also disclosed nearly $16B in AI infrastructure spending for the quarter – more than six times the segment's revenue – sending the stock down as much as 10% in early Wednesday trading.PLANS TO COMPETE WITH CARRIERS:During its earnings call, the company detailed plans to compete with the largest U.S. mobile carriers. COO Gwynne Shotwell said, "I anticipate us being able to acquire quite a few of their customers, because I think our service will be better," adding that she's "quite excited about Starlink Mobile going forward.""We definitely intend to build out the terrestrial component," Shotwell said. "So, you will have not only the capacity from the satellites themselves, but you will have a build-out of the hardware and systems necessary to make a true mobile service.""We will eliminate dead zones, leveraging the – basically the satellites in orbit, it will be better during any sort of natural disaster because surprisingly, even though space movies make space look super dangerous, is a pretty quiescent environment."Bernstein analyst Laurent Yoon said the key takeaway wasn't that Starlink is suddenly becoming a direct threat to broadband and wireless incumbents, but rather that SpaceX is still investing toward that outcome, and that the debate could hang over the sector for years, not quarters.PRICE ACTION:In morning trading, shares of T-Mobile and Verizon dropped about 2.5%, AT&T slid about 2%, while Crown Castleand American Towerplunged roughly 8% and 6%, respectively.

T-Mobile Launches New Plans to Lower Upfront Costs for Users

T-Mobile is "tackling the financial barrier of upfront costs and making a better wireless experience even more accessible," with the launch of new plans that include Equipment Installment Plan Flex 36. "Today's news is another important step in our mission to continue reinventing consumer wireless, making it better for all customers - and our industry-leading NPS scores show it's working," said Andre Almeida, Chief Marketing, Brand and Broadband Officer, T-Mobile. "Last year, we made switching faster and more convenient. Today, we're making it more affordable and giving customers more choice in how they join and experience America's Best Network. Lowering upfront costs with EIP Flex 36 and making our plans more accessible through Student Perks are just the latest ways T-Mobile is continuing to remove the barriers that keep people from experiencing everything T-Mobile has to offer."