Press Release: T-Mobile Caps Best Year Ever in -2-
The following table includes the impact of the Sprint merger on a prospective basis from the close date of April 1, 2020. Historical results have not been restated and reflect standalone T-Mobile.
Merger Synergies and Customer Migrations Ahead of Schedule
T-Mobile remains highly confident in its ability to deliver the Sprint merger synergies and achieve the annualized savings from a combination of expense reductions and cost avoidance. The company delivered $1.3 billion of synergies in full-year 2020, exceeding its guidance from last quarter:
The network team is quickly adding 5G and LTE capacity to the T-Mobile network. Customer network migrations began in the fourth quarter and more than 4 million have been completed, moving the company one step closer to full decommissioning and shut down of the Sprint network. Additionally, 25 percent of Sprint postpaid customer traffic has already been moved to the T-Mobile network, inclusive of customer network migrations and Sprint customers with compatible devices that can roam on the T-Mobile network.
Largest 5G Network in America is Now the Fastest Too
T-Mobile is America's network leader, delivering the fastest 5G speeds in more places. With the first and largest nationwide 5G network, T-Mobile's Extended Range 5G covers 280 million people across 1.6 million square miles -- offering nearly 4x more geographic coverage than Verizon and nearly 2.5x more than AT&T.
With Sprint now part of T-Mobile, the Un-carrier is widening its lead, using dedicated spectrum to bring customers download speeds of around 300 Mbps and peak speeds up to 1 Gbps on compatible 5G devices. T-Mobile is upgrading cell sites with high-performance Ultra Capacity 5G to cover not just parts of some cities, but entire metropolitan areas. The Un-carrier's Ultra Capacity 5G already reaches 2,400 cities and towns and covers 106 million people, over 50x more than Verizon covers with Ultra Wideband, and is expected to reach 200 million people nationwide by the end of 2021.
New independent data from Opensignal, based on customer usage from billions of device measurements, shows T-Mobile customers now get the fastest 5G download speeds, fastest 5G upload speeds, and a 5G signal more often than anyone else. Additionally, extensive mobile testing from research firm umlaut (formerly P3) across multiple major markets including Chicago, Houston, New York City and Washington DC also shows T-Mobile leading in 5G speeds.
Strong 2021 Outlook and Analyst Day Coming After Auction 107
T-Mobile continues to plan on hosting a live webcast of its Analyst Day presentation following the expected end of the FCC quiet period for Auction 107. The presentation will include updated merger synergies, medium and long-term guidance, a strategic overview of the business and other updates from members of T-Mobile's senior leadership team. More details related to the exact date and accessing the event will be shared at a later time.
For more details on T-Mobile's Q4 2020 financial results, including the Investor Factbook with detailed financial tables, please visit T-Mobile US, Inc.'s Investor Relations website at http://investor.t-mobile.com.
Earnings Call Information
Access via Phone (audio only)
Please plan on accessing the call 10 minutes prior to the scheduled start time.
Access via Webcast
The earnings call will be broadcast live via our Investor Relations website at http://investor.t-mobile.com. A replay of the earnings call will be available for two weeks starting shortly after the call concludes and can be accessed by dialing 888-203-1112 (toll free) or +1-719-457-0820 (international). The passcode required to listen to the replay is 1183288.
Submit Questions via Twitter
Send a tweet to @TMobileIR or @MikeSievert using $TMUS
T-Mobile Social Media
Investors and others should note that we announce material financial and operational information to our investors using our investor relations website, press releases, SEC filings and public conference calls and webcasts. We also intend to use certain social media accounts as means of disclosing information about us and our services and for complying with our disclosure obligations under Regulation FD (the @TMobileIR Twitter account (https://twitter.com/TMobileIR) and the @MikeSievert Twitter (https://twitter.com/MikeSievert) account, which Mr. Sievert also uses as a means for personal communications and observations). The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our investor relations website.
About T-Mobile US, Inc.
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February 04, 2021 16:01 ET (21:01 GMT)