T-Mobile Has Big Sub-6 GHz Advantage Over AT&T, Verizon, Says Wells Fargo

T-Mobile “has a clear spectral advantage in the race to 5G given its head start to plug and play mid-band spectrum” after gaining 2.5 GHz spectrum from Sprint, said Wells Fargo analyst Jennifer Fritzsche in a note to investors Friday. “We expect this advantage will incentivize” AT&T and Verizon “to be aggressive in the upcoming mid-band spectrum auctions,” she said. Fritzsche cited data by Allnet Insight that AT&T has 175 MHz and Verizon 115 MHz of sub-6 GHz spectrum, versus 324 for T-Mobile.