— Companies Complete World’s First Low-Band
Data Session on a Commercial 5G Modem —
— Low-Band FDD Spectrum to Enable Wider
Coverage and Deeper Signal Penetration for Accelerated 5G Network
Deployments Around the Globe —
T-Mobile (NASDAQ: TMUS), Qualcomm Technologies, Inc., a
subsidiary of Qualcomm Incorporated (NASDAQ: QCOM), and Ericsson
(NASDAQ: ERIC) today announced they’ve achieved the world’s first
low-band 5G data session on a commercial 5G modem. The data session
was conducted in T-Mobile’s lab in Bellevue, Washington on 600 MHz
– the same spectrum T-Mobile is using to roll out broad, nationwide
5G in the U.S. – marking a major milestone in delivering 5G across
America beyond urban areas.
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the full release here:
https://www.businesswire.com/news/home/20190711005239/en/
One Step Closer to Nationwide 5G:
T-Mobile, Qualcomm and Ericsson take Massive Step Toward Delivering
Broad 5G on Low-Band Spectrum (Photo: Business Wire)
The data session was completed on a mobile test device powered
by the second-generation Qualcomm® Snapdragon™ X55 5G modem, RF
transceiver and RF Front-End (RFFE) solution, as well as commercial
5G radios from the Ericsson Radio System portfolio. The
demonstration is an important step toward the launch of the first
commercial 5G network using low-band spectrum.
“This is a key step toward achieving our vision of 5G for All,”
said Neville Ray, Chief Technology Officer at T-Mobile. “This modem
will power devices that tap into the 600 MHz low-band spectrum
we’ll use to blanket the country with 5G. And we’re not stopping
there. If regulators approve our merger with Sprint, we’ll have the
crucial mid-band spectrum and resources needed to supercharge our
network and deliver broad AND deep, transformational 5G across the
U.S.”
T-Mobile’s 600 MHz low-band spectrum will offer several unique
advantages as the foundation for its 5G network, including wider
coverage area and deeper signal penetration in buildings than
millimeter wave spectrum. T-Mobile’s low-band deployment strategy
will enable the rapid expansion of its 5G network by allowing the
Un-carrier to easily leverage existing 4G LTE assets and
infrastructure.
Similarly, along with bringing low-band support to mobile
devices, the Snapdragon X55 5G modem offers advanced multi-mode
support for virtually any combination of spectrum bands and modes,
including mmWave, sub-6 GHz, standalone and non-standalone, and
more – ensuring mobile devices powered by the Snapdragon X55 5G
modem and RFFE solutions are compatible with current and future
multi-mode 5G networks rolling out around the globe.
“Today’s data call marks a significant milestone in 5G’s ongoing
rollout across the United States, paving the way for the launch of
commercial networks and devices on low-band FDD spectrum,” said
Cristiano Amon, president, Qualcomm Incorporated. “This call
demonstrates the ability to dramatically increase 5G’s global
footprint and we look forward to continuing our work with industry
leaders like Ericsson and T-Mobile to unlock the full potential of
5G for consumers and new industries around the world.”
“Ericsson and Qualcomm Technologies have successfully tested and
commercialized 5G globally across different spectrum bands, and
together with T-Mobile we have now reached another major milestone
as we are enabling 5G on low bands,” said Fredrik Jejdling,
executive vice president and head of business area networks,
Ericsson. “This shows that our industry is now ready for building
wider 5G coverage that will enhance end user experience.”
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 81.3 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.
About Qualcomm
Qualcomm invents breakthrough technologies that transform how
the world connects, computes and communicates. When we connected
the phone to the Internet, the mobile revolution was born. Today,
our inventions are the foundation for life-changing products,
experiences, and industries. As we lead the world to 5G, we
envision this next big change in cellular technology spurring a new
era of intelligent, connected devices and enabling new
opportunities in connected cars, remote delivery of health care
services, and the IoT — including smart cities, smart homes, and
wearables. Qualcomm Incorporated includes our licensing business,
QTL, and the vast majority of our patent portfolio. Qualcomm
Technologies, Inc., a subsidiary of Qualcomm Incorporated,
operates, along with its subsidiaries, substantially all of our
engineering, research and development functions, and substantially
all of our products and services businesses, including the QCT
semiconductor business. For more information, visit Qualcomm’s
website, OnQ blog, Twitter and Facebook pages.
About Ericsson
Ericsson enables communications service providers to capture the
full value of connectivity. The company’s portfolio spans Networks,
Digital Services, Managed Services, and Emerging Business and is
designed to help our customers go digital, increase efficiency and
find new revenue streams. Ericsson’s investments in innovation have
delivered the benefits of telephony and mobile broadband to
billions of people around the world. The Ericsson stock is listed
on Nasdaq Stockholm and on Nasdaq New York. www.ericsson.com
Qualcomm and Snapdragon are trademarks of
Qualcomm Incorporated, registered in the United States and other
countries.
Qualcomm Snapdragon is a product of Qualcomm
Technologies, Inc. and/or its subsidiaries.
Important Additional Information
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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Media Contacts T-Mobile US, Inc. Media Relations
MediaRelations@t-mobile.com
Investor Relations Contact T-Mobile US, Inc.
investor.relations@t-mobile.com http://investor.t-mobile.com
Qualcomm Contacts: Pete Lancia, Corporate Communications Phone:
1-858-845-5959 Email: corpcomm@qualcomm.com
Mauricio Lopez-Hodoyan, Investor Relations Phone: 1-858-658-4813
Email: ir@qualcomm.com
Ericsson Contacts: Jannie Tong, External Communications Phone:
1-214-415-0815 Email: jannie.tong@ericsson.com
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