KeyBanc Capital Markets downgraded T-Mobile from sector weight to underweight, citing concerns about the carrier being 'fiber deficient in a converged/bundled world.' Their analysis indicated issues with T-Mobile’s fiber infrastructure and consumer value following recent pricing changes, raising concerns of customer churn. The downgrade was influenced by expectations that T-Mobile would benefit less than peers from potential tax changes due to the OBBB (Optimized Broadband Buildout Benefits). This change comes on the heels of T-Mobile’s launch of its Fiber Home Internet service, promising a five-year price guarantee.
T-Mobile has informed the Federal Communications Commission that it's joining the long list of companies that are pulling back on diversity, equity, and inclusion - known as DEI - initiatives. The company said it would end its DEI-related policies "not just in name, but in substance," stating it would "no longer have any individual roles or teams focused on DEI" and would remove all references to the concept on its website.
"With more than 560 satellites in orbit, T-Satellite is the first, largest and only wireless provider with a satellite-to-mobile network in the U.S. that automatically connects to existing phones."
T-Mobile is already the fastest-growing broadband provider in America, and expanding into fiber helps us take the next big step in delivering what customers truly want - faster, more reliable internet that simply works.
"We are very pleased with the terms we reached with Grain and think the deal represents a great value for both parties," Dirk Mosa, T-Mobile senior vice president, spectrum, partnerships and acquisitions, said in the announcement.