T-Mobile US has increased its guidance on Capex to $12.1-12.3 billion for 2021 as compared with $12-12.3 billion estimated earlier.
T-Mobile said its Extended Range 5G covers 308 million people. T-Mobile’s Ultra Capacity 5G is covering 190 million people, and can deliver speeds approximately 10x faster than LTE.
A dozen network benchmarking reports recognized T-Mobile as the 5G leader. AT&T and Verizon are the other 5G network operators in the US.
OpenSignal said T-Mobile’s 5G is 2x faster than AT&T and Verizon and has the highest 5G availability globally with average speeds that have increased 36 percent since last quarter.
Ookla said T-Mobile is ranked first or tied for first across all network performance categories measured. Umlaut said T-Mobile is ranked #1 for the third time in a row for 5G speed, coverage and reliability, as well as overall 5G performance, taking top honors in every 5G measure.
PC Mag said T-Mobile has a commanding lead in 5G, delivering the fastest 5G speeds in the US Network.
Mike Sievert, CEO of T-Mobile, said: “With our Magenta business firing on all cylinders and our Sprint integration ahead of schedule, we are well positioned for the future — and poised to continue winning with assets and a formula for growth that is differentiated from the other wireless players.”
T-Mobile revenues increased 2 percent year-over-year to $19.6 billion and total service revenues increased 4 percent yearover-year to $14.7 billion in Q3 2021, driven by customer growth.
Net income of T-Mobile decreased year-over-year to $691 million in Q3 2021, primarily due to merger-related costs of $707 million.
The company is raising its merger synergies guidance range to $3.2 billion to $3.5 billion in 2021, up from the previous range of $2.9 billion to $3.2 billion.
It achieved $1.6 billion to $1.75 billion of sales, general, and administrative (SG&A) synergies achieved through SG&A expense reductions.
It also achieved $600 million to $750 million of network synergies achieved through cost of service expense reductions.
Approximately $1.0 billion of network synergies will be related to avoided costs from new site builds, T-Mobile said.
