T-Mobile continues integrating Sprint’s mid-band spectrum as it continues to build out its triple layer cake 5G
Mid-band is the important connection between low and high-band 5G and there was not too much of it available leading T-Mobile to throw the dice on the merger. Now a bit over a year since the merger was approved, T-Mobile CFO Peter Osvaldik says that things are going good even with the pandemic. And the FCC has auctioned mid-band spectrum in the C-band that Verizon and AT&T were forced to bid big bucks on.
T-Mobile is focused on delivering the best experiences to its customers
The CFO says, “We’re running hard and fast.” To unlock synergies from the network, the first move is to deploy the Sprint spectrum on the T-Mobile anchor network and then migrate the Sprint customers onto the T-Mobile network. T-Mobile’s goal is to have 60% of Sprint traffic migrated onto the T-Mobile pipeline by the end of this year and have them fully migrated by the middle of next year.
By the end of 2024, all of the cell sites scheduled to be decommissioned will be shut giving T-Mobile the opportunity to take advantage of the money it will save by closing the remainder of Sprint’s cell sites. But it appears that all of the major wireless providers believe that they are setting the pace in 5G. For example, Verizon CFO Matt Ellis said at the Credit Suisse investor conference that “it’s no secret that everyone else is … targeting our network,” and “we consistently outperform.”
AT&T CFO Pascal Desroches stated during the conference that AT&T’s network “has never been better.” Meanwhile, T-Mobile’s Osvaldik said that consumers see 5G as an opportunity to switch carriers and that they see T-Mobile as the “dominant” brand in 5G. He adds that T-Mobile still leads the industry “from a profitable growth perspective in net adds.”
T-Mobile executives who once complained that it was lagging behind on 4G coverage are now happy to see that coverage get filled in with LTE and with 5G as well.