T-Mobile (TMUS) Aims to Extend Coverage to Unreachable Spots
T-Mobile US, Inc. TMUS has collaborated with SpaceX to bring Coverage Above and Beyond. Coverage Above and Beyond is a spectacular new plan designed to bring cell phone connectivity everywhere. T-Mobile, through its best-in-class wireless networks, is working to provide absolute coverage in all places of the United States, including remote locations where traditional cell signals fail to operate.
SpaceX is a leading manufacturer and designer of state-of-the-art rockets and spacecraft. It is the only private company to ever return a spacecraft from low-Earth orbit. Its Dragon spacecraft was the first non-government spacecraft to successfully exchange cargo payloads and safely return to Earth. SpaceX’s advanced satellite constellation plays a pivotal role in making Coverage Above and Beyond a reality.
Both companies will provide Coverage Above and Beyond by forming a new network, broadcast from Starlink’s satellite, which will join forces with T-Mobile’s mid-band spectrum all over the United States. Customers will be connected through text messaging, including SMS, MMS and participating messaging apps. The companies also plan to explore the addition of voice and data coverage in due course of time.
T-Mobile is on track to provide average 5G speeds of above 100 Mbps to 90% of the population. The company also aims to continue improving 5G spectrum at an aggressive pace. Its objective to reach 300 million people within the next two years is likely to be accelerated with SpaceX’s collaboration.
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T-Mobile’s Ultra Capacity 5G covers 235 million people and nearly 85% of its customers. It is powered by the mid-band 2.5 GHz spectrum. It powers 5G smartphones and enables innovators to deliver a transformational 5G experience alongside providing superfast speeds.
The stock has gained 6.2% in the past year against the industry’s decline of 17.5%. T-Mobile currently carries a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Tencent Holdings Limited TCEHY is a better-ranked stock in the broader Zacks Computer and Technology sector, sporting a Zacks Rank #1. The Zacks Consensus Estimate for its current-year earnings has been revised upward by 12%.
Tencent delivered a trailing four-quarter earnings surprise of 11.3%, on average. It has lost 29.5 % in the past year.
Thermon Group Holdings, Inc. THR sports a Zacks Rank #1. The consensus estimate for current-year earnings has been revised upward by 9.7% over the past seven days.
Thermon delivered a trailing four-quarter earnings surprise of 46.9%, on average. It has appreciated 13.6% in the past year.
Sanmina Corporation SANM, sporting a Zacks Rank #1, is another solid pick for investors. The consensus estimate for Sanmina current-year earnings has been revised upward by 7.8% over the past seven days.
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