T-Mobile (NASDAQ:TMUS) shares headed skyward Tuesday, on word the company has achieved its year-end goal of covering 300 million people with Ultra Capacity 5G (5G UC) months ahead of schedule. With additional network enhancements made, T-Mobile’s overall 5G footprint has expanded as well, now covering more than 330 million people or 98% of the population.
“We have been leaders in the 5G era from the start, deploying the largest, fastest, most awarded and most advanced 5G network in the country faster than anyone else,” said Ulf Ewaldsson, President of Technology at T-Mobile. “While the other guys are playing catch-up, finally beginning to build out their mid-band 5G networks, we are maintaining our lead and will continue offering customers the best network – paired with the best value – for years to come.”
T-Mobile boasts a massive lead in 5G coverage and speed thanks to a strategy set in motion years ago. “While other U.S. operators went all in on millimeter wave at the beginning of the 5G era, the Un-carrier set its sights on a multi-band spectrum strategy using low-band 5G to blanket the country and mid-band 5G (Ultra Capacity) to bring insanely fast speeds to nearly everyone. “In fact,” concludes the news release,
“T-Mobile’s Ultra Capacity 5G covers more square miles than the mid-band 5G networks of the other guys combined!”
TMUS shares acquired $2.11, or 1.4%, to $139.85.