TMUS - T-Mobile US, Inc.
| Previous close | 76.84 |
| Open | 77.56 |
| Bid | 77.61 x 1300 |
| Ask | 77.62 x 800 |
| Day's range | 77.33 - 77.72 |
| 52-week range | 59.96 - 85.22 |
| Volume | 1,215,621 |
| Avg. volume | 2,527,758 |
| Market cap | 65.456B |
| Beta (3Y monthly) | 0.41 |
| PE ratio (TTM) | 19.95 |
| EPS (TTM) | 3.89 |
| Earnings date | 5 Feb 2020 - 10 Feb 2020 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | 2013-05-01 |
| 1y target est | 89.74 |
- Zacks
T-Mobile & Sprint Unveil Location of New Support Center
T-Mobile (TMUS) and Sprint (S) will establish Customer Experience Center in Nassau County for the creation of employment opportunities and enhanced customer support.
- Financial Times
John Legere, the ‘bad boy’ of telecoms being wooed by WeWork
Visitors to T-Mobile’s Bellevue headquarters in Washington eight years ago were greeted by dull grey walls and what one described as a “strange German atmosphere”. T-Mobile first approached him in a week when he sealed his divorce and closed the sale of Global Crossing, the network company he had led for a decade. The US industry veteran, who had looked like any other suited and booted leader at Global, Dell and AT&T, grew his hair long and donned a leather jacket, magenta-coloured T-Mobile T-shirt and sneakers, and started throwing rocks at his larger rivals.
- Zacks
Sprint Unveils Community Lab to Boost OpenRAN 5G NR Project
Sprint (S) introduces Telecom Infra Project Community Lab to develop OpenRAN 5G NR project for enhanced connectivity solutions.
- Zacks
InterDigital Invests $50K for Mobile Edge Computing Research
InterDigital (IDCC) is committed to fostering edge computing research and development opportunities to boost future technologies in IT and telecommunications industry.
- Bloomberg
WeWork’s Quarterly Loss Doubled to $1.3 Billion as IPO Faltered
(Bloomberg) -- WeWork reported a net loss of $1.25 billion in the third quarter, eclipsing its sales and more than doubling its loss from the same period last year. The quarter coincided with a spending spree in anticipation of an initial public offering that veered off the rails, a combination of events that nearly brought the company down.Revenue in the quarter was $934 million, up from $482 million a year earlier but failing to keep pace with the steeper losses, according to a financial document that was presented to bondholders Wednesday and reviewed by Bloomberg. A spokeswoman for WeWork parent company We Co. declined to comment on the report.In an email to staff Wednesday that was seen by Bloomberg, WeWork’s co-chief executive officers, Artie Minson and Sebastian Gunningham, described the quarter as a “difficult chapter” for the company and said they’re developing a plan to “provide a clear path to profitability.” That will include selling assets and cutting jobs, they wrote. Dismissals have already begun and are expected to number in the thousands.WeWork had always prized growth above profit, but it took the approach to another level on the eve of its expected IPO. The deal was set to raise at least $9 billion for the business in a combination of equity and debt. So WeWork spent the summer filling up office space with about 115,000 new desks in the quarter, a record for the company. That brought total desks to 719,000. Partly thanks to that push, the occupancy rate in its offices declined to 79%, from 84% a year before.It wasn’t until the final weeks of the quarter, which ended in September, that WeWork realized how doomed its fundraising plans were. Investors recoiled at the office rental company’s deep losses and flimsy corporate governance. Adam Neumann, the longtime CEO, stepped down in late September under pressure from investors, and the company pulled its IPO prospectus on the final day of the month. WeWork had $2 billion in cash that day, according to the document.The money evaporated fast. WeWork was on track to run out of funds by November and needed an emergency financing from its largest investor, SoftBank Group Corp., to stay alive. SoftBank took majority ownership in that deal and has installed an executive, Marcelo Claure, to help turn around the business. The company is seeking a new CEO, and T-Mobile US Inc.’s John Legere is among the candidates.SoftBank has said it will buy stock from employees and other shareholders at a discounted rate, but that deal has yet to happen, according to the financial document. When it does, SoftBank will own about 78% of the company and less than half of voting stock. Employees are sitting on a lot of stock, much of which is now underwater. WeWork doled out $220 million in stock-based compensation in the first three quarters, nearly five times what it spent in the same period last year.Based on the company’s performance in September, WeWork estimated it would generate $4.2 billion in revenue over the next 12 months, compared with $1.8 billion in 2018. But the business may look very different soon, as the company prepares to dismiss employees and refocus on the core business of renting office space.(Updates with staff email in the third paragraph.)To contact the reporters on this story: Ellen Huet in San Francisco at ehuet4@bloomberg.net;Gillian Tan in New York at gtan129@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Zacks
Amdocs (DOX) Q4 Earnings Surpass, Revenues Meet Estimates
Amdocs' (DOX) fiscal fourth-quarter performance benefits from new customer gains, strong traction in managed services and solid growth across all regions.
- Zacks
Wireless National Stock Outlook Portrays Bullish Sentiments
Wireless National Stock Outlook Portrays Bullish Sentiments
- IPO-Edge.com
IPO Edge’s Jannarone on Cheddar TV: Legere is High Potential, But Risky Choice for WeWork
T-Mobile US, Inc. CEO John Legere has some leadership qualities that could help him turn WeWork around, but he also comes with little experience in real estate, indicating he's a risky choice. That's according to IPO Edge Editor-in-Chief John Jannarone, who spoke to Cheddar TV in an interview available here. Jannarone pointed out that WeWork's […]
- Bloomberg
Adam Neumann's Older Look-Alike Might Make We Work
(Bloomberg Opinion) -- John Legere may be exactly the kind of CEO WeWork needs. He brings much of the eccentricity and charisma that was initially appreciated about ousted founder Adam Neumann, but without all the headaches and liabilities. Is Legere ready to retire his closet of magenta T-shirts? We Co., the parent of the beleaguered office-sharing startup, is in discussions to recruit Legere, the current head of wireless carrier T-Mobile US Inc., as its next CEO, the Wall Street Journal reported on Monday. The talks come after WeWork’s plans for an initial public offering imploded in grand fashion in recent weeks, as a litany of questionable decisions and conflicts of interests involving then-CEO Neumann came to light in a saga that has captivated Wall Street. WeWork, for a short time one of the world’s most valuable startups, had said in its summer IPO prospectus that its “future success depends in large part on the continued service of Adam Neumann.” Weeks later, Neumann was considered such a risk that the company decided it was better to effectively give him $1.2 billion to step away.Hiring Legere would immediately help improve WeWork’s tarnished reputation, though repairing the business is another story. Office vacancies increased in the third quarter, and the company was at risk of running out of cash next year. Legere’s garish style and hectoring on Twitter may also cause some to wonder whether he’s just another Neumann; it’s certainly hard not to notice the physical resemblance between the long hair, loud personality and signature T-shirt-and-sports-coat pairing.But few CEOs can say they’ve taken on a challenge as difficult as reviving T-Mobile — and succeeded. That’s Legere’s claim to fame. As I wrote in July 2018, even the groaners who are tired of his shtick and Twitter snark can’t argue against his track record.When Legere became CEO of T-Mobile in 2012, it was a distant fourth-place competitor in the U.S. wireless market and losing customers. Now it’s the fastest-growing member of the industry, and its displaced Sprint as the No. 3 carrier. T-Mobile’s lower-priced plans and marketing mojo have even given AT&T Inc. and Verizon Communications Inc. a run for their money. In the last five years, shares of all its closest rivals advanced anywhere from 12% to 21%. T-Mobile’s nearly tripled. Legere may seem like an odd choice given that he’s spent his career working in the telecommunications and technology industries. The connection becomes clearer when considering SoftBank Group Corp.’s role. The Japanese conglomerate built by billionaire Masayoshi Son not only controls WeWork — the result of a $9.5 billion rescue package — but also Sprint Corp., T-Mobile’s closest competitor and hopeful merger partner. Sprint Executive Chairman Marcelo Claure, who is also chief operating officer of SoftBank, was tapped to help fix WeWork’s problems. He’s spent a lot of time with Legere these last two years as they worked to sway federal and state officials to support the merger of the two wireless carriers. Legere has done with T-Mobile what Claure and his predecessors couldn’t with Sprint, even as SoftBank injected billions along the way. One might think that WeWork would seek out a lower-profile leader, given the roller-coaster it has been on the past few months; Legere is anything but that. And at 61 years old, it’s a little surprising that he would consider following up such a successful run at T-Mobile with a stint at a company as troubled as WeWork. T-Mobile has become part of his identity — he’s spotted in magenta T-Mobile gear whether he’s going for runs in New York City or filming his Facebook Live cooking show from his kitchen. T-Mobile shareholders wouldn't be happy to see Legere go. Worse, there's the appearance of a conflict of interest if SoftBank is pursuing Legere while the companies are separately renegotiating the terms of the Sprint merger.That aside, it’s clear that Legere likes a challenge, and WeWork is the ultimate one.To contact the author of this story: Tara Lachapelle at tlachapelle@bloomberg.netTo contact the editor responsible for this story: Beth Williams at bewilliams@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tara Lachapelle is a Bloomberg Opinion columnist covering the business of entertainment and telecommunications, as well as broader deals. She previously wrote an M&A column for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- Bloomberg
WeWork Has Talked With T-Mobile’s Legere in Search for New CEO
(Bloomberg) -- WeWork is searching for a new chief executive officer to turn around the troubled co-working company, said people familiar with the matter. The candidates include T-Mobile US Inc. head John Legere, who has spoken with WeWork about the role, said the people, who asked not to be identified because the discussions are private.Legere has deep ties to WeWork majority shareholder SoftBank Group Corp., which took ownership of the company after WeWork’s initial public offering broke down. Legere is currently pushing for a contentious merger of his wireless carrier with Sprint Corp., whose majority owner is SoftBank. Sprint’s executive chairman, Marcelo Claure, was recently appointed to the same position at WeWork.But people familiar with the CEO search stressed that WeWork intends to consider many candidates. Although Legere breathed new life into T-Mobile, he has an unpredictable and antagonistic public persona, reflected on his Twitter profile and in conference appearances. He’s also another man, in a company so saturated with male management that Claure has promised to increase diversity.Representatives for SoftBank, T-Mobile and WeWork parent company We Co. declined to comment. The discussions with Legere were reported earlier Monday by the Wall Street Journal. Shares of T-Mobile fell about 2% in intraday trading, while Sprint is down 3%.Adam Neumann, the former WeWork CEO, stepped down in September under pressure from investors over apparent conflicts of interest and mismanagement of the IPO process. Two WeWork executives, Artie Minson and Sebastian Gunningham, took over as co-CEOs. The pair secured multimillion-dollar severance packages with the board last month.Despite getting rescue financing from SoftBank a couple weeks ago, WeWork needs to quickly rehabilitate the business and fill empty space in its offices. The company is expected to soon dismiss thousands of employees.Legere and Claure, a SoftBank executive tasked with cleaning up WeWork, have occasionally sparred in the past. Claure, the former CEO of Sprint, was a T-Mobile antagonist before becoming a potential merger partner. In 2016, he called Legere “a con artist” on Twitter. At one point, Legere told Claure to “go back to the kiddie pool.” But more recently, the two executives have appeared friendlier as they argue in favor of the Sprint-T-Mobile tie-up. In May, they were spotted jogging together in Washington.Meanwhile, Neumann is exploring a potential next act with help from the money he got in his exit from WeWork. He considered investing in Barneys New York Inc. during the luxury department store’s recent bankruptcy, people with knowledge of the matter said Monday.(Updates with shares in the fourth paragraph.)\--With assistance from Gillian Tan and Scott Moritz.To contact the reporters on this story: Sarah McBride in San Francisco at smcbride24@bloomberg.net;Ellen Huet in San Francisco at ehuet4@bloomberg.netTo contact the editors responsible for this story: Mark Milian at mmilian@bloomberg.net, Anne VanderMeyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Yahoo Finance
Stock Market Live Updates: Boeing, Walgreens lift Dow to record close
Real-time headlines moving markets.
- Financial Times
WeWork talks to T-Mobile USA boss over chief executive job
WeWork has held talks with T-Mobile USA boss John Legere to become its new chief executive, as the lossmaking office leasing company’s majority owner SoftBank attempts to stabilise the company and salvage its multibillion-dollar investment. Mr Legere is one of several candidates under consideration for the top job and it was unclear whether he was the preferred individual, people briefed on the matter told the Financial Times. The move to hire a new chief executive from outside raises questions about the prospects for Artie Minson and Sebastian Gunningham, the two WeWork insiders elevated to co-CEOs to replace Adam Neumann, co-founder, after the company’s failed flotation in September.
- Zacks
CommScope (COMM) Q3 Earnings Surpass Estimates, Shares Up
Higher revenues, driven by incremental contribution from ARRIS, enable CommScope (COMM) to beat third-quarter 2019 earnings estimates.
- Financial Times
Deutsche Telekom lowers dividend to cover 5G costs
Deutsche Telekom has cut its dividend despite raising its full-year profit guidance. Europe’s largest telecoms company said it would cut the dividend to 60 euro cents a share from 70 cents last year to reflect the high costs borne in the German 5G spectrum auction as well as uncertainty surrounding the merger of its T-Mobile USA unit with rival Sprint. The German company is the latest European telecoms company to cut its dividend after Vodafone, another big player in the German market, opted to slash its shareholder payout earlier this year.
- Market Realist
T-Mobile and Sprint Merger Nears Completion
On Tuesday, there was a big update for the T-Mobile (TMUS) and Sprint (S) merger deal. T-Mobile officially received regulatory approval from the FCC.
- Market Realist
Dish Earnings: This Will Capture Investors’ Attention
Dish Network (DISH) is set to report its third-quarter earnings results tomorrow. Here are three things investors will be paying attention to.
- Bloomberg
Dispute Erupts Over Radios Utility Workers Use in California Wildfires
(Bloomberg) -- Radio technology that’s critical to helping utility workers deal with California wildfires is at the heart of a trial that pits an iconic American brand against a Chinese firm accused of corporate espionage.Motorola Solutions Inc. wants a federal jury in Chicago to order its Chinese rival Hytera Communications Corp. to pay hundreds of millions of dollars in damages over what it claims was stolen know-how related to two-way radios used by utility workers, construction crews, school officials and others.The case is the latest instance of an American company accusing a Chinese firm of stealing ideas or acting on behalf of China’s communist leaders. Huawei Technologies Co. is facing criminal charges that it stole phone-testing information from T-Mobile US Inc..Complaints about theft of intellectual property have been a key issue in President Donald Trump’s trade war with China. Congress has placed limits on the Defense Department’s use of components from Chinese companies including Huawei and Hytera.Motorola Solutions, based in Chicago, contends that Hytera, its former distributor, hired away workers as part of a plan to steal technology and compete in the market for digital radios. The systems enable two-way communications even in dire situations like the wildfires in California or other disasters where radio towers are not working properly.“We believe that Hytera’s unlawful acts create an unfair playing field and threaten the industry’s ability to innovate, ultimately hurting customers,” said Motorola Solutions General Counsel Mark Hacker.Hytera in turn has accused Motorola Solutions of abusing its superior market power to hobble competition, and has an antitrust lawsuit pending against the bigger company.“While Hytera seeks only fair competition based on innovation, Motorola Solutions continues to try only to drive out competitors, doing everything from forcing radio dealers to drop competitors’ products, to emailing our dealers and customers with blatant misinformation,” the company said in a statement.The dispute is over commercially-available radios, not those used by firefighters and police.Hytera, founded in 1993, was a distributor of Motorola products until 2001 when it began selling its own analog radios. According to Motorola Solutions, the analog products “faced extinction” with a U.S. Federal Communications Commission regulation regarding radio systems used by businesses that forced a switch to digital technology.Digital RadioMotorola Solutions introduced its digital radios in 2006, with features like hands-free communications, location functionality, emergency alarms for workers in distress and the ability to connect a phone user with a group of radio users.In 2008, Hytera hired three Motorola Solutions engineers who had worked at the company’s Malaysia facility. Hytera contends it didn’t know the three men had downloaded thousands of pages of internal Motorola Solutions documents until after the suit was filed. The men left Hytera last year.Hytera said the supposed secrets Motorola Solutions says were stolen were publicly known and were just part of the Digital Mobile Radio standard. Hytera conceded certain lines of source code were copied, but says it was so little that it didn’t amount to an infringement.Three WeeksSince Hytera’s radios first came out in 2010, Motorola Solutions waited far too long to bring suit on the trade secrets claims, the Chinese company said. Motorola Solutions said it sued in 2017 as soon as it figured out what had happened.The trial before District Judge Charles Norgle is expected to last at least three weeks.The Chinese government has focused efforts on transforming the Asian nation into a global leader in technology, investing billions of dollars in research in key industries. The past two U.S. administrations have said that push encouraged Chinese companies to steal American and European ideas to meet those goals.The fight between Motorola Solutions and Hytera spans the globe, with legal cases in the U.S., China, Germany and Australia. Motorola Solutions won an order that limited imports of some Hytera radios, though it didn’t affect current models.The case is Motorola Solutions Inc. v. Hytera Communications Corp., 17-1973, U.S. District Court for the Northern District of Illinois (Chicago).To contact the reporter on this story: Susan Decker in Washington at sdecker1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, John HarneyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Why Is the T-Mobile Merger so Important for Sprint?
If the T-Mobile (TMUS) and Sprint (S) merger doesn’t go through, it will be a huge blow for Sprint. But what exactly is at stake here?
- Zacks
Disney's (DIS) Q4 Report on Deck as Disney+ Launch Nears
Disney (DIS) is set to report its fourth quarter results after the closing bell on Thursday, November 7.
- Bloomberg
FCC Order Clearing T-Mobile’s Sprint Deal Includes Dissents
(Bloomberg) -- The Federal Communications Commission formally blessed T-Mobile US Inc.’s proposed purchase of Sprint Corp., publishing the decision approved by commissioners in a closed-door vote last month.The combination of the wireless carriers still needs to clear a court challenge brought by states. It was approved by the FCC on a 3-to-2 Republican-led vote on Oct. 16, but publication of the order was delayed.“The transaction will help secure United States leadership in 5G, close the digital divide in rural America, and enhance competition in the broadband market,” FCC Chairman Ajit Pai said Tuesday in a statement.The $26.5 billion deal won Justice Department approval in July as the carriers agreed to sell airwaves to Dish Network Corp. to create a new fourth wireless company and new competitor once Sprint is eliminated as a choice for consumers.T-Mobile and Sprint have agreed not to close their deal until after a decision in a multistate lawsuit. A trial is set for early December.Next HurdleThe states say the combination of the third- and fourth-largest U.S. wireless providers will decrease competition and raise prices in a market that’s already concentrated. The deal’s backers say it will quickly bring advanced 5G networks and create a stronger rival to leaders AT&T Inc. and Verizon Communications Inc.The FCC, in its order, rejected claims the deal would harm consumers.“The transaction would not substantially lessen competition,” the FCC said in the order, in part because low-cost provider Boost Mobile will be divested to Dish, which also receives network access and retail stores to form a new competitor,Two FCC Democrats voted against the merger, saying it’s bad for consumers.“The most likely effect of this merger will be higher prices and fewer options for all Americans,” Commissioner Geoffrey Starks said in an emailed statement. “It will establish a market of three giant wireless carriers with every incentive to divide up the market, increase prices and compete only for the most lucrative customers.”T-Mobile Chief Executive Officer John Legere -- who remade T-Mobile into a maverick competitor by eliminating annual contracts and offering unlimited data plans -- disputes that prices will go up. He insists that by buying Sprint he will be able to better compete against industry leaders Verizon and AT&T, all to the benefit of U.S. consumers.Sprint and T-Mobile are within reach of completing a deal that they have flirted with for years. In 2014, top officials at the Justice Department and the FCC rebuffed an effort by the companies to combine. The carriers returned in 2018, hoping for a more favorable reception from appointees of the Trump administration.Use or LoseThe approval also cancels Dish’s March 7 deadline to use some of its airwaves. Dish had started work on a narrowband network to satisfy the use-or-lose requirement, which could have forced the company to give up some of its airwave licenses.As part of the deal, Dish is committed to cover at least 20% of the U.S. population with 5G broadband by June 14, 2022, and 70% of the population by 2023.Dish faces an assortment of fines related to several bands of airwaves if it doesn’t meet its build-out commitments. The fine is capped at $1 billion.(Updates Dish-related conditions three paragraphs from bottom.)To contact the reporters on this story: Todd Shields in Washington at tshields3@bloomberg.net;Scott Moritz in New York at smoritz6@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Rob GolumFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Market Realist
Is AT&T Stock Overbought or Worth a Buy?
On a year-to-date basis, AT&T; stock has returned more than 36%. Comparatively, the S&P; 500 Index has gained 22%. Is now the time to buy?
- Bloomberg
What John Legere Would Bring to WeWork as CEO
Nov.11 -- WeWork has held discussions with T-Mobile US Inc.’s John Legere as a potential chief executive officer of the troubled co-working company, said two people familiar with the matter. Legere is one of several people under consideration, said the people, who asked not to be identified because the plans are private. Bloomberg Intelligence's John Butler has more on "Bloomberg Markets."
