T-Mobile Got Licenses It Needed in 3.45 GHz Auction: CEO
T-Mobile got the licenses it needed in the 3.45 GHz auction, CEO Mike Sievert said on a call with analysts Wednesday as the company reported Q4 results. “We continue to add to our mid-band portfolio,” he said. “We concentrated on…
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supplementing our mid-band spectrum holdings in major urban and suburban areas, mostly aligned with our C-band purchases, and … in places where these frequencies are well suited to the density of our network grid,” he said. T-Mobile will have limited capital expenditures to deploy the new bands and will mostly use existing towers, he said. T-Mobile bid $2.9 billion in the 3.45 GHz auction, which was below expectations (see 2201140065). The carrier reported service revenue of $15 billion in Q4 and net income of $422 million. It earlier reported 844,000 postpaid phone net adds and 244,000 adds to its new home internet service in Q4 (see 2201060063). “AT&T and Verizon have finally started rolling out mid-band 5G and hope to soon be where we were almost two years ago,” Sievert said: “Two years from now, we’ll still be two years ahead.”