- What’s the news: T-Mobile is
starting an invitation-only pilot for in-home internet service on
LTE with the goal of connecting up to 50,000 homes this year in
rural and underserved areas of the country, laying the foundation
for the New T-Mobile’s plans to disrupt the home broadband
market.
- Why it matters: With its scale
and network capacity, the New T-Mobile can disrupt one of the most
un-competitive and un-customer-friendly industries in existence and
save American consumers billions of dollars in the process.
- Who it’s for: For now, only a
limited few T-Mobile customers – the goal is to reach 50,000
households this year, less than .04% of U.S. households. But the
New T-Mobile plans to cover more than half of U.S. zip codes by
2024 with the capacity for 9.5 million households to cut the
cord.
The Un-carrier is prepping to disrupt one of the most
uncompetitive industries in existence. Today, T-Mobile (NASDAQ:
TMUS) began piloting home Internet service, sending invites to a
limited group of T-Mobile customers in rural and underserved
markets for high-speed fixed wireless service. It’s all part of the
Un-carrier’s effort to give Americans real choice and competition
for home broadband – and save consumers billions – with the New
T-Mobile.
The T-Mobile Home Internet pilot is offered exclusively in areas
we expect to deliver speeds of around 50 Mbps through fixed
unlimited wireless service over LTE – with no data caps. It’s just
$50 per month with AutoPay, and because it’s from T-Mobile, there
are no annual service contracts, no hidden fees and no equipment
costs. Setting up the in-home router is simple, and pilot customers
get support from a dedicated team of real people – from the company
that consistently ranks #1 in customer service satisfaction year
after year.
Due to LTE network and spectrum capacity constraints, the
T-Mobile Home Internet 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. But if T-Mobile’s pending merger with
Sprint is approved, with the added scale and capacity of the New
T-Mobile, the Un-carrier plans to cover more than half of U.S.
households with 5G broadband service – in excess of 100 Mbps – by
2024. And Americans stand to save billions. Today, consumers
typically pay around $80 per month for wired in-home broadband
service – $960 per year. Thanks to lower prices and more
competition, one economist estimates that the New T-Mobile will
save customers up to $13.65 billion a year on home broadband 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.”
Almost half of American households have no competitive choice
for high-speed in-home broadband with speeds of 100 Mbps, and in
rural areas, more than three quarters have no high-speed broadband
service or only one option available. And when there’s no choice,
customers suffer. It’s no wonder internet service providers and
cable and satellite TV companies have the lowest customer
satisfaction ratings out of 46 industries according to ACSI
(American Customer Satisfaction Index)! The New T-Mobile will be
armed with spectrum and network assets that will build the highest
capacity wireless network in U.S. history, covering millions with
5G, not just a few people in a few blocks of a few cities like the
other guys. The New T-Mobile will have the capability to cover more
than half of U.S. zip codes with un-wired and un-cabled in-home
broadband by 2024 and will be able to support 9.5 million American
households for its high-speed in-home broadband service.
Current T-Mobile customers in select areas eligible to
participate in the pilot will receive T-Mobile Home Internet
invitations this week by email and U.S. mail with information on
how to sign up.
For more about New T-Mobile Home Internet, you can read the
company’s FCC filing here. For more information about the New
T-Mobile’s plans to lead the 5G revolution, check out
www.NewTMobile.com.
During congestion, Home Internet customers may notice speeds
lower than other customers due to data prioritization. Sales tax
& regulatory fees included in monthly service price for
qualifying accounts. Qualifying account and credit approval
required. For use only with T-Mobile LTE Wi-Fi Gateway for in-home
use at location provided at activation. If canceling service,
return gateway or pay $207. Video streaming resolution depends on
available speeds. AutoPay: Without AutoPay, $5 more. May not be
reflected on 1st bill.
About T-Mobile US, Inc.
As America's Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is
redefining the way consumers and businesses buy wireless services
through leading product and service innovation. Our advanced
nationwide 4G LTE network delivers outstanding wireless experiences
to 79.7 million customers who are unwilling to compromise on
quality and value. Based in Bellevue, Washington, T-Mobile US
provides services through its subsidiaries and operates its
flagship brands, T-Mobile and Metro by T-Mobile. For more
information, please visit http://www.t-mobile.com.
Important Additional Information
In connection with the proposed transaction, T-Mobile US, Inc.
(“T-Mobile”) has filed a registration statement on Form S-4 (File
No. 333-226435), which was declared effective by the U.S.
Securities and Exchange Commission (the “SEC”) on October 29, 2018,
and which contains a joint consent solicitation statement of
T-Mobile and Sprint Corporation (“Sprint”), that also constitutes a
prospectus of T-Mobile (the “joint consent solicitation
statement/prospectus”), and each party will file other documents
regarding the proposed transaction with the SEC. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE JOINT CONSENT SOLICITATION
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. The documents filed by T-Mobile may be obtained free
of charge at T-Mobile’s website, at www.t-mobile.com, or at the
SEC’s website, at www.sec.gov, or from T-Mobile by requesting them
by mail at T-Mobile US, Inc., Investor Relations, 1 Park Avenue,
14th Floor, New York, NY 10016, or by telephone at 212-358-3210.
The documents filed by Sprint may be obtained free of charge at
Sprint’s website, at www.sprint.com, or at the SEC’s website, at
www.sec.gov, or from Sprint by requesting them by mail at Sprint
Corporation, Shareholder Relations, 6200 Sprint Parkway, Mailstop
KSOPHF0302-3B679, Overland Park, Kansas 66251, or by telephone at
913-794-1091.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains certain forward-looking statements
concerning T-Mobile, Sprint and the proposed transaction between
T-Mobile and Sprint. All statements other than statements of fact,
including information concerning future results, are
forward-looking statements. These forward-looking statements are
generally identified by the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “could” or similar
expressions. Such forward-looking statements include, but are not
limited to, statements about the benefits of the proposed
transaction, including anticipated future financial and operating
results, synergies, accretion and growth rates, T-Mobile’s,
Sprint’s and the combined company’s plans, objectives, expectations
and intentions, and the expected timing of completion of the
proposed transaction. There are several factors which could cause
actual plans and results to differ materially from those expressed
or implied in forward-looking statements. Such factors include, but
are not limited to, the failure to obtain, or delays in obtaining,
required regulatory approvals, and the risk that such approvals may
result in the imposition of conditions that could adversely affect
the combined company or the expected benefits of the proposed
transaction, or the failure to satisfy any of the other conditions
to the proposed transaction on a timely basis or at all; the
occurrence of events that may give rise to a right of one or both
of the parties to terminate the business combination agreement;
adverse effects on the market price of T-Mobile’s or Sprint’s
common stock and on T-Mobile’s or Sprint’s operating results
because of a failure to complete the proposed transaction in the
anticipated timeframe or at all; inability to obtain the financing
contemplated to be obtained in connection with the proposed
transaction on the expected terms or timing or at all; the ability
of T-Mobile, Sprint and the combined company to make payments on
debt or to repay existing or future indebtedness when due or to
comply with the covenants contained therein; adverse changes in the
ratings of T-Mobile’s or Sprint’s debt securities or adverse
conditions in the credit markets; negative effects of the
announcement, pendency or consummation of the transaction on the
market price of T-Mobile’s or Sprint’s common stock and on
T-Mobile’s or Sprint’s operating results, including as a result of
changes in key customer, supplier, employee or other business
relationships; significant transaction costs, including financing
costs, and unknown liabilities; failure to realize the expected
benefits and synergies of the proposed transaction in the expected
timeframes or at all; costs or difficulties related to the
integration of Sprint’s network and operations into T-Mobile; the
risk of litigation or regulatory actions; the inability of
T-Mobile, Sprint or the combined company to retain and hire key
personnel; the risk that certain contractual restrictions contained
in the business combination agreement during the pendency of the
proposed transaction could adversely affect T-Mobile’s or Sprint’s
ability to pursue business opportunities or strategic transactions;
effects of changes in the regulatory environment in which T-Mobile
and Sprint operate; changes in global, political, economic,
business, competitive and market conditions; changes in tax and
other laws and regulations; and other risks and uncertainties
detailed in the Form S-4, as well as in T-Mobile’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2018 and in its
subsequent reports on Form 10-Q, including in the sections thereof
captioned “Risk Factors” and “Cautionary Statement Regarding
Forward-Looking Statements,” as well as in its subsequent reports
on Form 8-K, all of which are filed with the SEC and available at
www.sec.gov and www.t-mobile.com. Forward-looking statements are
based on current expectations and assumptions, which are subject to
risks and uncertainties that may cause actual results to differ
materially from those expressed in or implied by such
forward-looking statements. Given these risks and uncertainties,
persons reading this communication are cautioned not to place undue
reliance on such forward-looking statements. T-Mobile assumes no
obligation to update or revise the information contained in this
communication (whether as a result of new information, future
events or otherwise), except as required by applicable law.
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version on businesswire.com: https://www.businesswire.com/news/home/20190321005391/en/
Media ContactsT-Mobile US, Inc. Media
RelationsMediaRelations@t-mobile.com
Investor Relations ContactT-Mobile US,
Inc.investor.relations@t-mobile.comhttp://investor.t-mobile.com
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