T-Mobile Touts Its Move Past AT&T
The second quarter of 2020 was a momentous one for T-Mobile (NASDAQ: TMUS). Long chasing the two largest mobile networks in the U.S., Verizon (NYSE: VZ) and AT&T (NYSE: T), the pink-logoed "Un-carrier" merged with Sprint and its more than 29 million subscribers on April 1 and had industry-best net subscriber additions of 1.25 million in the quarter. At the end of June, that equated to 98.3 million T-Mobile-branded mobile customers, more than the 92.9 million at AT&T but fewer than the nearly 120 million at Verizon.
The company noted in its press release that the quarter was highlighted by "overtaking AT&T in total branded customers as America’s No. 2 wireless provider and another quarter of industry-leading customer growth."
With the new 5G era dawning, T-Mobile is in good shape to compete in the competitive mobile-service space. The company has launched its nationwide 5G network, which covers 250 million consumers over 1.3 million square miles, which it says is more than double AT&T’s geographic coverage. Verizon trails both of its smaller rivals, although its 5G aspirations are decidedly different, focusing on millimeter wave technology that has limited coverage but speeds rivaling that of connected-fiber internet. Also, in some speed tests, Verizon's 4G LTE network was as fast or faster than both T-Mobile's and AT&T's 5G.
Source Fool.com
