T-Mobile

T-Mobile is officially launching Project 10Million, an unprecedented $10.7B initiative aimed at delivering internet connectivity to millions of underserved student households at no cost to them. Partnering with school districts across the country, the program offers free wireless hotspots, free high-speed data and access to laptops and tablets, at-cost.

T-Mobile announced that supercharged mid-band 5G is live for millions more people in parts of 81 new cities and towns across the country, delivering peak download speeds of up to 1 Gbps and average speeds of around 300 Mbps, 7.5x faster today’s average LTE speeds. With the announcement, this 5G experience is live in nearly 90 cities and towns, and the Un-carrier plans to continue lighting up this optimal 5G spectrum at an aggressive pace, reaching thousands more by end of 2020.

T-Mobile is the first operator in the world to launch a commercial nationwide standalone 5G network, and with this move, the carrier is expanding 5G coverage by 30 percent, now covering nearly 250 million people in more than 7,500 cities and towns across 1.3 million square miles. Standalone architecture is the future of wireless connectivity, bringing 5G closer to reaching its true potential with faster speeds, lower latency and massive connectivity.

T-Mobile CEO Mike Sievert launched Connecting Heroes, the Un-carrier’s 10-year commitment to provide free service and 5G access to first responder agencies — all public and non-profit state and local fire, police and EMS departments — saving them up to $7 billion. Plus, the Un-carrier continues to build out its industry-leading 5G network at a furious pace. T-Mobile’s 5G network is now 8 times bigger than AT&T’s and 28 THOUSAND times bigger than Verizon’s.

T-Mobile added 452,000 branded postpaid phone subscriptions in the first quarter of 2020. Total branded postpaid net additions were 777,000 in the first quarter. Prepaid net losses were 128,000, yielding 649,000 total branded net adds for the quarter. Adjusted EBITDA hit an all-time record high of $3.7 billion, up 12% year-over-year despite the environment created by COVID-19. Free cash flow, excluding payments for merger-related costs, was $893 million, up 37% year-over-year.