T-Mobile Simplifies Price Structure, Gets MoffettNathanson Downgrade
MoffettNathanson downgraded T-Mobile to neutral from buy Tuesday, after its announcement last week of a new T-Mobile One plan, in which all taxes and surcharges are part of the "headline rate." The plan “opens yet another front in the battle…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
over service plan pricing, leaving us incrementally more cautious about [average revenue per user] ARPU forecasts for all operators, not least T-Mobile itself,” MoffettNathanson said in a note to investors. “To be sure, we still see T-Mobile as the best-positioned operator, and the most reasonably valued one, in the sector. But after factoring in the impacts of T-Mobile’s new pricing, our estimates for T-Mobile are now below consensus for the first time in four years.”