T-Mobile: What race? Convergence is already here

If T-Mobile is contemplating a bigger footprint in fiber, it’s not showing its cards, which would be dumb, right? Instead, it’s publicly digging in its heels right where it’s at, which, by the way, isn’t a bad place. At over $284 billion, its market cap recently set a record as the highest ever for a U.S. service provider, far exceeding AT&T and Verizon’s current valuations. It remains a darling of Wall Street. Where it lagged big time in 4G LTE, it established a commanding lead in 5G. But AT&T claims it’s winning the race to convergence—one that Verizon ramped up with its $20 billion planned acquisition of Frontier. Granted, T-Mobile is increasing its fiber presence with investments in joint ventures, but it’s not exactly jumping in head first. What gives? “When you look at convergence, we believe that convergence is here,” said T-Mobile Consumer Group President Jon Freier. “It’s not coming. It’s here.”