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T-Mobile US (TMUS)

T-Mobile US, Inc. is a leading provider of mobile communications services in the United States, Puerto Rico, and the U.S. Virgin Islands, offering voice, messaging, and data services primarily through its 4G LTE and 5G networks . The company operates under the flagship brands T-Mobile and Metro by T-Mobile and provides a wide selection of wireless devices, including smartphones, tablets, wearables, and home broadband routers, along with accessories and equipment installment plans (EIP) for financing device purchases . T-Mobile's most popular service plan is Go5G Plus, which offers unlimited talk, text, and data, 5G access, and other features . In addition to mobile services, T-Mobile provides High Speed Internet through a fixed wireless product that utilizes their 5G network, offering an alternative to traditional landline internet services .

  1. Postpaid Services - Offers mobile communication services to customers who are billed after usage, contributing significantly to service revenues .
  2. Prepaid Services - Provides mobile services to customers who pay in advance, catering to those who prefer not to commit to long-term contracts .
  3. Wholesale Wireless Services - Allows partners to sell services using T-Mobile's network, expanding the company's reach through third-party vendors .
  4. High Speed Internet - Delivers internet services through a fixed wireless product utilizing the 5G network, providing an alternative to traditional landline internet .
  5. Wireless Devices and Accessories - Sells a variety of devices such as smartphones, tablets, wearables, and home broadband routers, along with related accessories .
  6. Specialized Service Plans - Offers tailored plans for specific customer segments, including Military and Veterans, First Responders, and customers aged 55 and over .

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NamePositionExternal RolesShort Bio

Callie Field

Executive

President of the Business Group

None

Callie Field has been with T-Mobile since 2004, leading business growth and customer experience initiatives.

Deeanne King

Executive

Executive Vice President and Chief People Officer

None

Deeanne King joined T-Mobile in April 2020 following the merger with Sprint. She leads human resources and diversity initiatives.

G. Michael Sievert

Executive

President and CEO

Board of Directors of Starbucks Corporation

G. Michael Sievert has been the President and CEO of T-Mobile US, Inc. since April 2020. He joined T-Mobile in November 2012 and has held various leadership roles, contributing significantly to the company's growth and innovation.

View Report →

Jon Freier

Executive

President of the Consumer Group

None

Jon Freier has been with T-Mobile for nearly 30 years, leading consumer operations and strategic growth.

Mark W. Nelson

Executive

Executive Vice President and General Counsel

None

Mark W. Nelson has been EVP and General Counsel since October 2021, overseeing legal and government affairs.

Michael J. Katz

Executive

President, Marketing, Strategy & Products

None

Michael J. Katz has been with T-Mobile for over 20 years, holding various roles. He is currently responsible for marketing, strategy, and product development.

Néstor Cano

Executive

Executive Vice President, Transformation and Chief Information and Digital Officer

None

Néstor Cano joined T-Mobile in April 2020 and leads digital transformation and IT operations.

Peter Osvaldik

Executive

Executive Vice President and CFO

None

Peter Osvaldik joined T-Mobile in January 2016 and became CFO in July 2020. He oversees financial, procurement, and supply chain functions.

Srinivasan Gopalan

Executive

Chief Operating Officer

None

Srinivasan Gopalan became COO in March 2025, focusing on technology initiatives and go-to-market operations.

View Report →

Ulf Ewaldsson

Executive

President of Technology

Member of the Royal Swedish Academy of Engineering Sciences, Chairman of the Board of Governors at 5G Americas, Member of the Board of Trustees of the National Nordic Museum in Seattle, Director at Corporate Fiber AB

Ulf Ewaldsson became President of Technology in April 2023, focusing on network advancements and 5G development.

André Almeida

Board

Director

Head of Investment and Portfolio Management at Deutsche Telekom AG

André Almeida joined the TMUS Board in 2023, bringing extensive telecommunications experience.

Christian P. Illek

Board

Director

CFO of Deutsche Telekom AG

Christian P. Illek has been a director since 2018, with a background in finance and human resources.

Dominique Leroy

Board

Director

Member of the Board of Management, Europe, at Deutsche Telekom AG, Director at Compagnie de Saint-Gobain S.A. and Hellenic Telecommunications Organization (OTE)

Dominique Leroy has been a director since 2020, with over 30 years of experience in consumer goods and telecommunications.

James J. Kavanaugh

Board

Director

CFO of IBM

James J. Kavanaugh joined the TMUS Board in 2023, bringing extensive finance and technology experience.

Kelvin R. Westbrook

Board

Director

President and CEO of KRW Advisors, LLC, Board Member at Archer Daniels Midland Company, Camden Property Trust, and The Mosaic Company

Kelvin R. Westbrook has been a director since 2013, with expertise in telecommunications and legal analysis.

Letitia A. Long

Board

Director

Rector at Virginia Tech Board of Visitors, Chair of the Board of the Intelligence & National Security Alliance, Director at Parsons Corporation, Corporate Office Properties Trust (COPT Defense Properties), and Chain Bridge I

Letitia A. Long has been a director since 2021, with expertise in intelligence and national security.

Marcelo Claure

Board

Director

Founder & CEO of Claure Group, Group Vice Chairman at SHEIN, Board Member at Likewize and Carnegie Hall, Co-Chair of Digital Data Design (D^3) Institute at Harvard Business School

Marcelo Claure has been a director since 2020, with a strong background in telecommunications and technology.

Raphael Kübler

Board

Director

Senior Vice President of the Corporate Operating Office at Deutsche Telekom

Raphael Kübler has been a director since 2013, with expertise in telecommunications and financial management.

Srikant M. Datar

Board

Director

George F. Baker Professor of Administration and Dean at Harvard Business School, Board Member at ICF International Inc. and Stryker Corporation

Srikant M. Datar has been a director since 2013, with expertise in finance, accounting, and governance.

Teresa A. Taylor

Board

Director

CEO of Blue Valley Advisors, LLC, Director at Black Hills Corporation

Teresa A. Taylor has been a director since 2013, serving as Lead Independent Director and Chair of the Nominating and Corporate Governance Committee.

Thorsten Langheim

Board

Director

Member of the Board of Management at Deutsche Telekom AG, Chairman of Deutsche Funkturm, Supervisory Board Member at Deutsche Sporthilfe and FC Bayern München AG

Thorsten Langheim has been a director since 2013, with experience in telecommunications investments and strategy.

Timotheus Höttges

Board

Chairman of the Board of Directors

CEO of Deutsche Telekom AG, Board Member of Mercedes-Benz Group AG

Timotheus Höttges has been a director since 2013 and Chairman of the Board, overseeing strategic direction and governance.

  1. Given your recent spectrum transactions involving the 3.45 GHz and 2.5 GHz bands, can you elaborate on how these moves align with your long-term spectrum strategy and network deployment plans, particularly regarding urban versus rural coverage priorities?

  2. With Deutsche Telekom expressing intentions to increase its ownership stake in T-Mobile, how might this impact your capital allocation strategies, especially concerning share buybacks and investments in growth opportunities, and what should minority shareholders expect from this development?

  3. Your guidance for postpaid phone net additions implies a potential deceleration in the fourth quarter; is this due to increasing competitive pressures or other factors, and how confident are you in achieving or exceeding this target?

  4. Can you provide specific quantification of the expected cost savings or margin improvements from your digitalization initiatives, and how will you ensure these efforts translate into tangible financial benefits over the next few years?

  5. Regarding the U.S. Cellular acquisition, can you detail the anticipated regulatory challenges and how you plan to integrate their assets to deliver both lower prices and better network experiences without disrupting your existing operations?

Program DetailsProgram 1
Approval DateSeptember 6, 2023
End Date/DurationOctober 1, 2023 - December 31, 2024
Total additional amount$19.0 billion
Remaining authorization amount$6.4 billion (as of October 18, 2024)
DetailsThe program is designed to return value to shareholders through share repurchases and cash dividends. The timing and amount depend on factors like share prices, economic conditions, and company performance. The program can be suspended or discontinued at any time.
YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
2025$4,068 3.500% Senior Notes 3.500 5.2% = (4,068 / 78,300) * 100
2025$3,131 4.738% Series 2018-1 A-1 Notes 4.738 4.0% = (3,131 / 78,300) * 100
2026$5,500 1.500% Senior Notes 1.500 7.0% = (5,500 / 78,300) * 100
2027$4,500 3.750% Senior Notes 3.750 5.7% = (4,500 / 78,300) * 100
2028$9,689 2.050% Senior Notes 2.050 12.4% = (9,689 / 78,300) * 100
2029$5,671 2.400% Senior Notes 2.400 7.2% = (5,671 / 78,300) * 100
2030$7,000 3.875% Senior Notes 3.875 8.9% = (7,000 / 78,300) * 100
2031$7,950 2.250% Senior Notes 2.250 10.1% = (7,950 / 78,300) * 100
2032$3,777 2.700% Senior Notes 2.700 4.8% = (3,777 / 78,300) * 100
2033$3,850 5.050% Senior Notes 5.050 4.9% = (3,850 / 78,300) * 100
2034$2,250 5.150% Senior Notes 5.150 2.9% = (2,250 / 78,300) * 100
2035$900 4.700% Senior Notes 4.700 1.1% = (900 / 78,300) * 100
2036$673 3.850% Senior Notes (EUR-denominated) 3.850 0.9% = (673 / 78,300) * 100
2040$2,000 4.375% Senior Notes 4.375 2.6% = (2,000 / 78,300) * 100
2041$2,500 3.000% Senior Notes 3.000 3.2% = (2,500 / 78,300) * 100
2050$3,000 4.500% Senior Notes 4.500 3.8% = (3,000 / 78,300) * 100
2051$3,000 3.300% Senior Notes 3.300 3.8% = (3,000 / 78,300) * 100
2052$2,800 3.400% Senior Notes 3.400 3.6% = (2,800 / 78,300) * 100
2053$1,750 5.650% Senior Notes 5.650 2.2% = (1,750 / 78,300) * 100
2054$3,250 5.750% Senior Notes 5.750 4.1% = (3,250 / 78,300) * 100
2055$1,650 5.250% Senior Notes 5.250 2.1% = (1,650 / 78,300) * 100
2060$1,700 3.600% Senior Notes 3.600 2.2% = (1,700 / 78,300) * 100
2062$750 5.800% Senior Notes 5.800 1.0% = (750 / 78,300) * 100

Competitors mentioned in the company's latest 10K filing.

CompanyDescription

A major competitor in the wireless communications services industry, offering fixed wireless products that compete with the company's High Speed Internet service. Competitive factors include pricing, market saturation, service offerings, and network quality.

Another significant competitor in the wireless communications services industry, also providing fixed wireless products that compete with the company's High Speed Internet service. Competitive factors include pricing, market saturation, service offerings, and network quality.

DISH Network Corporation

A competitor that is growing its network and competes in the wireless communications services industry.

A smaller or regional provider offering no-contract, postpaid, and prepaid service plans, competing in the wireless communications services industry.

A smaller or regional provider offering no-contract, postpaid, and prepaid service plans, competing in the wireless communications services industry.

Cox Communications, Inc.

A smaller or regional provider offering no-contract, postpaid, and prepaid service plans, competing in the wireless communications services industry.

A smaller or regional provider offering no-contract, postpaid, and prepaid service plans, competing in the wireless communications services industry.

NameStart DateEnd DateReason for Change
Deloitte & Touche LLP2022 PresentCurrent auditor.
PricewaterhouseCoopers LLP (PwC)N/AApril 13, 2022 The change was made as part of a comprehensive selection process and to align with Deutsche Telekom AG's auditor, Deloitte, in compliance with European Union regulations on auditor rotation requirements.

Notable M&A activity and strategic investments in the past 3 years.

CompanyYearDetails

Vistar Media Inc.

2025

T-Mobile’s planned acquisition of Vistar Media Inc. involves a deal valued at approximately $625 million (subject to adjustments), expected to close in the first quarter of 2025, aiming to leverage Vistar’s digital out-of-home advertising technology to enhance measurability and impact tracking capabilities.

Lumos (Joint Venture)

2025

T-Mobile is entering a joint venture with Fund VI (operated by EQT) to acquire Lumos’ fiber-to-the-home platform by investing approximately $950 million for a 50% equity stake and future investment of an additional $500 million planned for 2027/2028, with the goal of expanding its fiber network capabilities.

Metronet (Joint Venture)

2025

In partnership with KKR, T-Mobile’s joint venture for Metronet Holdings involves investing approximately $4.9 billion for a 50% equity interest in a fiber-to-the-home platform, including all existing residential fiber customers, aligning with its strategy to broaden fiber service offerings.

UScellular Wireless Operations

2025

T-Mobile’s planned acquisition of UScellular’s wireless operations is valued at approximately $4.4 billion (with a cash component and debt assumption) and is expected to close in mid-2025; the deal includes a 15-year tower license agreement and is projected to yield around $1.0 billion in cost synergies.

Ka’ena Corporation

2024

The completed acquisition of Ka’ena Corporation on May 1, 2024, was valued at a maximum of $1.35 billion (with 39% paid in cash and 61% in T-Mobile common stock), and it brought under T-Mobile’s umbrella its subsidiaries Mint Mobile LLC and Ultra Mobile, thereby strengthening its prepaid wireless business.

Recent press releases and 8-K filings for TMUS.

T-Mobile US reports record Q3 2025 subscriber growth and raises full-year guidance
·$TMUS
Earnings
Guidance Update
Management Change
  • T-Mobile US added a record 2.3 million postpaid customers in Q3 2025, the highest Q3 net additions in a decade, bringing total postpaid accounts to nearly 34 million.
  • The company reported $21.96 billion in revenue and $2.41 EPS, topping expectations, though its share price dipped amid concerns over an elevated $10 billion capex plan.
  • Full-year 2025 guidance was raised to up to 7.4 million new postpaid customers and $18 billion in adjusted free cash flow.
  • An upcoming CEO transition will see Srini Gopalan replacing Mike Sievert, marking a significant leadership change during strong operational performance.
  • Profitability remains robust with a 23.08% operating margin, 14.53% net margin, current ratio of 1.21, and debt-to-equity ratio of 1.93.
7 days ago
T-Mobile US launches Edge Control and T-Platform for mission-critical connectivity
·$TMUS
Product Launch
  • T-Mobile US introduced Edge Control and T-Platform, two new Advanced Network Solutions on its 5G Advanced network designed for mission-critical business operations.
  • Edge Control combines 5G Advanced with Local Breakout to provide private network–like performance with ultra-low latency, enhanced security, and simplified scalability by routing traffic through fewer hops and supporting on-premises or private cloud processing.
  • T-Platform is a unified management portal that centralizes visibility and control across all T-Mobile for Business solutions — from 5G Business Internet to IoT deployments — enabling real-time decision-making and streamlined operations.
  • Early adopters in healthcare, sports (including the PGA of America and Formula 1), and the military are piloting these solutions to improve real-time data processing and maintain data sovereignty.
Oct 20, 2025, 1:00 PM
T-Mobile US expands cybersecurity capabilities and launches 5G home internet service
·$TMUS
Product Launch
New Projects/Investments
  • T-Mobile (NASDAQ: TMUS) unveiled new Cyber Defense Center and Executive Briefing Center, integrating them with its Business Operations Center to enhance real-time cyber threat detection, disruption, and response.
  • Mint Mobile (NASDAQ: TMUS) launched MINTernet, a 5G home internet service starting at $30/month, powered by T-Mobile’s network.
Oct 15, 2025, 5:26 PM
T-Mobile US launches 5G home MINTernet service
·$TMUS
Product Launch
  • T-Mobile’s Mint Mobile introduced MINTernet, a 5G home internet service powered by its industry-leading network, with plans starting at $30/month with a Mint phone plan and $40/month standalone.
  • Introductory pricing offers 3 months at $30/month ($90 upfront) with a Mint voice line or 3 months at $40/month ($120 upfront) standalone; customers can renew on a 12-month plan or another 3-month term thereafter.
  • Service features include plug-and-play setup in under 15 minutes, no monthly equipment fees, and a 14-day money-back guarantee.
  • The launch targets the 66% of internet subscribers ready to switch for lower rates, positioning MINTernet as a simple, transparent alternative to cable bundles.
Oct 15, 2025, 1:30 PM
T-Mobile US proposes public offering of senior notes
·$TMUS
Debt Issuance
  • T-Mobile US, Inc. subsidiary T-Mobile USA, Inc. plans to offer senior notes in a registered public offering, subject to market and other conditions (proposed debt issuance).
  • Net proceeds from the offering are intended for refinancing existing indebtedness and for general corporate purposes.
  • Barclays Capital Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, and Wells Fargo Securities, LLC will serve as joint book-running managers for the transaction.
  • A registration statement (including a prospectus) has been filed with the SEC; investors may obtain the prospectus via EDGAR or by contacting any of the underwriters.
Oct 9, 2025, 8:53 PM
T-Mobile US plans multi-part senior notes offering
·$TMUS
Debt Issuance
  • T-Mobile US is issuing multi-part senior notes to refinance existing debt and support general corporate needs.
  • The offering comprises three tranches, including a 30-year security with yields 1.25–1.3 points above Treasuries.
  • Notes are expected to receive investment-grade ratings: Baa1 (Moody’s), BBB (S&P), BBB+ (Fitch).
  • The senior notes will be issued by T-Mobile USA, the company’s direct wholly-owned subsidiary.
  • The deal is managed by Barclays, Citigroup, Goldman Sachs & Co., and Wells Fargo Securities as joint book-running managers.
Oct 6, 2025, 1:17 PM
T-Mobile expands T-Satellite to power off-grid apps
·$TMUS
Product Launch
  • T-Mobile, powered by 650+ Starlink satellites, has expanded T-Satellite from text messaging to support app-based voice/video chat and data for apps like WhatsApp, AllTrails, AccuWeather, Google Maps and X, launched just over two months after its commercial debut.
  • The T-Life app now integrates satellite support, enabling location sharing, live in-app help, and direct access to satellite-ready apps on compatible devices at no extra charge for premium plans or $10/month for others.
  • Business customers on SuperMobile and T-Priority plans gain secure satellite connectivity for enterprise apps such as Dialpad, FLORIAN, MultiLine, and T-Mobile Direct Connect, unlocking mission-critical communications in remote or disaster-stricken areas.
  • The service automatically switches to satellite when terrestrial signals drop, delivering essential navigation, weather, voice, and video capabilities beyond traditional network coverage, enhancing safety and connectivity.
Oct 1, 2025, 1:00 PM
T-Mobile US appoints Srini Gopalan as CEO
·$TMUS
CEO Change
Management Change
Executive Compensation
  • T-Mobile US names Srini Gopalan as CEO effective November 1, 2025, succeeding Mike Sievert, who becomes Vice Chairman of the company and Board.
  • Gopalan, current COO since March 2025, will join the Board on the effective date and receive an initial $1.4 M base salary, a prorated $3.5 M short-term incentive for 2025, and an annual LTI target of $19.5 M starting in 2026.
  • Sievert’s Vice Chairman role carries an annual base salary of $7 M, continuation of benefits, no new STI or LTI grants, and severance plus accelerated vesting under amended terms.
  • Compensation amendments also extend CFO Peter Osvaldik’s term through July 2027 and set President of Marketing Michael Katz’s base salary at $975 K with an LTI target of $8.575 M.
Sep 22, 2025, 11:14 AM
T-Mobile US launches SuperMobile 5G enterprise plan nationwide
·$TMUS
Product Launch
New Projects/Investments
  • T-Mobile US launched SuperMobile, an enterprise-focused 5G plan integrating network slicing, satellite connectivity, and built-in security for business customers.
  • Network slicing on 5G-Advanced provides a nationwide enterprise-optimized slice for lower latency and consistent high speeds, even during peak congestion.
  • Satellite connectivity leverages a fleet of over 650 satellites to ensure reliable coverage in rural and remote areas, with early adopters like Delta Air Lines and Axis Energy Services citing improved operations.
  • SuperMobile includes enterprise-grade security (end-to-end encryption, device authentication, Threat Protect) and offers a 30-day free trial to accelerate adoption amid competitive pressures from AT&T and Verizon.
Aug 27, 2025, 1:17 PM
T-Mobile US announces final exchange results
·$TMUS
Debt Issuance
M&A
  • On August 1, 2025, T-Mobile US and T-Mobile USA announced the expiration and final results of their exchange offers and consent solicitations for Array Digital Infrastructure’s senior notes.
  • The Company accepted $488.94 M of 6.700% 2033 notes, $394.18 M of 6.250% 2069 notes, $401.50 M of 5.500% March 2070 notes and $395.45 M of 5.500% June 2070 notes, issuing $488.86 M, $393.48 M, $400.80 M and $394.75 M of new T-Mobile USA notes, respectively.
  • No cash proceeds were received from the exchange offers.
  • Settlement was expected to occur on or about August 5, 2025.
Aug 5, 2025, 12:00 AM