T-Mobile 469 Lexington Avenue
In 2019, T-Mobile US had a revenue of approximately 45 billion U.S. dollars. The company’s earnings have almost doubled since 2013 when the company started investing more in advertising.
T-Mobile US on the telco market
T-Mobile is one of the big four telecom service providers in the United States, alongside AT&T, Verizon, and Sprint. In terms of revenue, AT&T and Verizon have the highest numbers by far, while T-Mobile’s closest competitor is Sprint. The wireless subscription market share numbers coincide with the companies’ revenues: Verizon and AT&T account for roughly a third of the cellular subscriptions in the United States, while T-Mobile US was in third place with a market share of just under eighteen percent. T-Mobile’s market share is projected to rise with the company’s planned merger with Sprint, which has been approved by the Federal Communications Commission.
History of T-Mobile US
Originally founded under the name VoiceStream Wireless PCS in 1994, then acquired and renamed to T-Mobile USA Inc. by Deutsche Telekom in 2001, the company is now one of the largest telecommunications providers in the United States. In order to differentiate itself from competitors, the enterprise has marketed itself as the “un-carrier,” focusing not just on numbers, but also on taking care of its customers. With the upcoming merger between T-Mobile and Sprint and the 5G agreement between T-Mobile and Nokia, the company is also set to grow considerably in the coming years.
References: Article from https://www.statista.com/statistics/219458/total-revenue-of-t-mobile-usa-since-2006/
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