We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
T-Mobile (TMUS) Reportedly Mulling to Acquire Mint Mobile
Read MoreHide Full Article
According to industry grapevines, T-Mobile US, Inc. (TMUS - Free Report) is reportedly mulling to acquire Mint Mobile to consolidate its position as one of the leading wireless service providers in the country. However, spokespersons of both companies have refused to comment on the rumored buyout of the budget wireless provider backed by actor Ryan Reynolds.
Offering budget cell phone plans starting at $15 per month, Mint Mobile has established itself as a more affordable option for larger telecom companies. It utilizes the T-Mobile network as a mobile virtual network operator (MVNO), whereby it offers wireless mobile services using the latter’s communications network infrastructure without actually owning it. This, in turn, is likely to make the proposed deal a seamless transition for its customers.
T-Mobile is currently on a roll, witnessing a record customer increase in 2022, driven by 5G network strength and a differentiated growth strategy. The company registered 314,000 postpaid net account additions in the fourth quarter, bringing the tally for 2022 to a record-high figure of 1.4 million. Postpaid phone net customer additions were 927,000 in the fourth quarter, while prepaid net customer additions were 25,000 and 338,000 for the full year.
Total net customer additions were 1.8 million in the fourth quarter, bringing the tally to a record 6.8 million for 2022. The total customer count at the end of 2022 increased to a record high of 113.6 million as it extended its coverage across the length and breadth of the country. The proposed buyout of Mint Mobile will further increase its customer count in the long run.
Following its merger with Sprint, T-Mobile boasts an unrivaled bouquet of high- and low-band spectrum for a faster nationwide 5G rollout, undeniably disrupting the competitive landscape of the U.S. telecom market. To its credit, T-Mobile reportedly has the largest nationwide 5G network, with its Extended Range 5G covering more than 320 million people. The company is further strengthening its mid-band coverage by adding more towers and spectrum in places that already have 5G network connectivity.
T-Mobile continues to deploy 5G with the mid-band 2.5 GHz spectrum from Sprint. It is likely to provide average 5G speeds of above 100 Mbps to 90% of the population. T-Mobile’s business plan is built on covering 90% of rural America with average 5G speeds of 50 Mbps, up to two times faster than broadband. It plans to continue lighting up this 5G spectrum at an aggressive pace. T-Mobile’s 2.5 GHz 5G delivers superfast speeds and extensive coverage with signals that go through walls and trees, unlike 5G networks that are controlled by the mmWave spectrum.
Shares of the company have gained 35.1% in the past year against the industry’s decline of 9.4%.
Image Source: Zacks Investment Research
T-Mobile currently carries a Zacks Rank #4 (Sell).
Here are some better-ranked stocks from the industry.
Ooma Inc. (OOMA - Free Report) , sporting a Zacks Rank #1, delivered an earnings surprise of 21.7%, on average, in the trailing four quarters. Earnings estimates for Ooma for the current year have moved up 37.8% since March 2022. It has a VGM Score of B.
Ooma offers communications services and related technologies for businesses and consumers in the United States and Canada. It helps to create powerful connected experiences for businesses and consumers through its smart cloud-based SaaS platform.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1, is likely to benefit from the strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 12.7%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Clearfield, Inc. (CLFD - Free Report) , sporting a Zacks Rank #1, is a leading provider of communication networks, telecom services and support solutions. The company is witnessing a strong demand environment, largely driven by an effort by rural broadband operators to establish themselves as dominant broadband access providers. In addition, Clearfield is gaining traction with Tier 2 carriers that aim to extend their fiber connectivity across the country.
Headquartered in Minneapolis, MN, Clearfield has gained 17.8% over the past year. It delivered an earnings surprise of 39.7%, on average, in the trailing four quarters.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
T-Mobile (TMUS) Reportedly Mulling to Acquire Mint Mobile
According to industry grapevines, T-Mobile US, Inc. (TMUS - Free Report) is reportedly mulling to acquire Mint Mobile to consolidate its position as one of the leading wireless service providers in the country. However, spokespersons of both companies have refused to comment on the rumored buyout of the budget wireless provider backed by actor Ryan Reynolds.
Offering budget cell phone plans starting at $15 per month, Mint Mobile has established itself as a more affordable option for larger telecom companies. It utilizes the T-Mobile network as a mobile virtual network operator (MVNO), whereby it offers wireless mobile services using the latter’s communications network infrastructure without actually owning it. This, in turn, is likely to make the proposed deal a seamless transition for its customers.
T-Mobile is currently on a roll, witnessing a record customer increase in 2022, driven by 5G network strength and a differentiated growth strategy. The company registered 314,000 postpaid net account additions in the fourth quarter, bringing the tally for 2022 to a record-high figure of 1.4 million. Postpaid phone net customer additions were 927,000 in the fourth quarter, while prepaid net customer additions were 25,000 and 338,000 for the full year.
Total net customer additions were 1.8 million in the fourth quarter, bringing the tally to a record 6.8 million for 2022. The total customer count at the end of 2022 increased to a record high of 113.6 million as it extended its coverage across the length and breadth of the country. The proposed buyout of Mint Mobile will further increase its customer count in the long run.
Following its merger with Sprint, T-Mobile boasts an unrivaled bouquet of high- and low-band spectrum for a faster nationwide 5G rollout, undeniably disrupting the competitive landscape of the U.S. telecom market. To its credit, T-Mobile reportedly has the largest nationwide 5G network, with its Extended Range 5G covering more than 320 million people. The company is further strengthening its mid-band coverage by adding more towers and spectrum in places that already have 5G network connectivity.
T-Mobile continues to deploy 5G with the mid-band 2.5 GHz spectrum from Sprint. It is likely to provide average 5G speeds of above 100 Mbps to 90% of the population. T-Mobile’s business plan is built on covering 90% of rural America with average 5G speeds of 50 Mbps, up to two times faster than broadband. It plans to continue lighting up this 5G spectrum at an aggressive pace. T-Mobile’s 2.5 GHz 5G delivers superfast speeds and extensive coverage with signals that go through walls and trees, unlike 5G networks that are controlled by the mmWave spectrum.
Shares of the company have gained 35.1% in the past year against the industry’s decline of 9.4%.
Image Source: Zacks Investment Research
T-Mobile currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Here are some better-ranked stocks from the industry.
Ooma Inc. (OOMA - Free Report) , sporting a Zacks Rank #1, delivered an earnings surprise of 21.7%, on average, in the trailing four quarters. Earnings estimates for Ooma for the current year have moved up 37.8% since March 2022. It has a VGM Score of B.
Ooma offers communications services and related technologies for businesses and consumers in the United States and Canada. It helps to create powerful connected experiences for businesses and consumers through its smart cloud-based SaaS platform.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1, is likely to benefit from the strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 17.5% and delivered an earnings surprise of 12.7%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Clearfield, Inc. (CLFD - Free Report) , sporting a Zacks Rank #1, is a leading provider of communication networks, telecom services and support solutions. The company is witnessing a strong demand environment, largely driven by an effort by rural broadband operators to establish themselves as dominant broadband access providers. In addition, Clearfield is gaining traction with Tier 2 carriers that aim to extend their fiber connectivity across the country.
Headquartered in Minneapolis, MN, Clearfield has gained 17.8% over the past year. It delivered an earnings surprise of 39.7%, on average, in the trailing four quarters.