{
}
Comcast Cable CEO Dave Watson announced that the company anticipates losing over 100,000 broadband subscribers in the fourth quarter due to intense competition, particularly from wireless providers. Following his remarks, Comcast shares fell more than 8%. Despite ongoing losses, the broadband business remains stable in higher-end packages, with nearly 32 million domestic customers as of September 30.
T-Mobile US, Inc. (TMUS) is set to present at the UBS Global Media and Communications Conference on December 9, 2024, starting at 12:45 PM ET. Interested parties can access the live webcast at https://investor.t-mobile.com.
Mike Sievert, president and CEO of T-Mobile US, Inc. (NASDAQ: TMUS), will present a business update at the UBS Global Media and Communications Conference on December 9, 2024, at 12:45 p.m. ET. A live webcast will be available on the company's Investor Relations website, with an on-demand replay following the presentation. T-Mobile, based in Bellevue, Wash., is known for its advanced 4G LTE and nationwide 5G network, providing reliable connectivity and exceptional service.
The FCC has granted SpaceX conditional approval to use Starlink satellites for direct-to-smartphone services in partnership with T-Mobile, aiming to connect users in cellular dead zones. This initiative allows SpaceX to operate up to 7,500 Gen2 satellites at lower altitudes to reduce latency, while ensuring no interference with existing networks. The approval follows successful emergency connectivity efforts during recent hurricanes and paves the way for similar partnerships with other mobile carriers globally.
SpaceX has received conditional approval from US regulators to enhance T-Mobile's cellular network using its Starlink satellites. This initiative aims to extend mobile coverage to consumer phones by integrating satellite service with traditional mobile networks.
At the UBS Global Media and Communications Conference, industry leaders emphasized a shift from subscriber growth to profitability in streaming services, highlighting the importance of high-quality programming. The fiber internet market is poised for significant growth, with projections indicating an increase from ~50% to ~80% of U.S. households by 2028, driven by federal funding and carrier support. Meanwhile, the 5G network is reshaping consumer experiences, offering faster speeds and new opportunities in the enterprise sector, while telecommunications companies focus on zero latency solutions to meet customer demands.
T-Mobile US Inc. was among several telecommunications companies targeted in a recent hacking operation attributed to Chinese hackers, according to the Wall Street Journal. A company spokeswoman stated that T-Mobile's systems and data were not significantly impacted, and there is no evidence that customer information was compromised.
On Election Day, Jim Cramer identified ten stocks likely to thrive under either Vice President Kamala Harris or former President Donald Trump, emphasizing companies with strong management and resilience to political shifts. Highlighted stocks include Walmart, Costco, TJX, Netflix, T-Mobile, Palo Alto Networks, CrowdStrike, Palantir, GE Vernova, and Cintas, all positioned to benefit from ongoing market trends and consumer needs.
Private job creation surged to 233,000 in October, significantly exceeding expectations and marking the highest level in over a year, according to ADP. Despite challenges from severe storms and labor disruptions, hiring remained robust, with notable gains in education, health services, and trade sectors. Wages also rose by 4.6% year-over-year, while manufacturing faced a decline due to the Boeing strike.
Boeing is set to launch a capital raise exceeding $15 billion as early as October 28, marking the largest equity offering since SoftBank's T-Mobile stake sale in 2020. The fundraising aims to enhance liquidity and may include both shares and convertible debt. Recently, Boeing received SEC clearance to sell up to $25 billion in equity and debt, helping to avert a potential credit rating downgrade. [Bloomberg](https://www.bloomberg.com) | [SEC](https://www.sec.gov)
T-Mobile US, Inc.
Companies
| Symbol | TMUS |
| Name | T-Mobile US, Inc. |
| Currency | USD |
| Sector | Communication Services |
| IndustryGroup | Telecommunication Services |
| Industry | Diversified Telecommunication Services |
| Market | NASDAQ Global Select |
| Country | United States |
| State | WA |
| City | Bellevue |
| Zipcode | 98006-1350 |
| Website | http://www.t-mobile.com |
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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