“Q3 2019 was another blockbuster quarter for T-Mobile! Once again we set new records, including our 26th quarter in a row with more than 1 million net additions,” said their ever-exuberant CEO, John Legere. “Our team has been hard at work deploying 600 MHz spectrum and we have accelerated our plans to launch a foundational layer of 5G nationwide later this year. On top of that, the tremendous benefits of our merger with Sprint are just as compelling today as when we announced the deal and we look forward to completing the remaining steps so the New T-Mobile can get started delivering the incredible benefits to American consumers!”
Cash purchases of property and equipment, excluding capitalized interest of approximately $450 million (up from prior guidance of $400 million), are expected to be $5.9 to $6.0 billion, up $200 to $300 million from the high end of the prior guidance range. This reflects the rapid rollout of 600 MHz spectrum, which sets the foundation for its accelerated plan to launch a nationwide 5G network this year.
Legere said the company has taken the following steps toward a 5G network;
- Accelerated the planned launch of a nationwide 5G network to this year, utilizing 600 MHz spectrum, forming the foundational 5G coverage layer for New T-Mobile
- 600 MHz now reaching nearly 8,300 cities and towns in 48 states and Puerto Rico
- 4G LTE on 600 MHz now covers 200 million people and 1.4 million square miles
- More than 26 million 600 MHz compatible devices already on the network
October 29, 2019