5G Is a Winning Strategy for T-Mobile, Analyst Says
MoffettNathanson’s Craig Moffett told investors he's skeptical about the benefits of 5G in general, but T-Mobile is the exception. “At the industry level, 5G will require enormous capital investment but promises very little in the way of incremental revenue,” Nathanson…
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said: “T-Mobile, on the other hand, can benefit from 5G simply by taking share. T-Mobile’s 5G network will be the first to offer significant midband coverage, and therefore to deliver meaningfully higher-than-4G speeds, and that advantage is likely to last for years into the future.” The biggest surprise in T-Mobile results Thursday (see 2011050062) was the “capture” of $600 million in network synergies in 2020, said New Street’s Jonathan Chaplin. Management “expects this to escalate in 2021 and seemed to say the network integration would be complete in 2022,” he said. Subscriber growth also exceeded expectations, he said.