T-Mobile Expects 12M Fixed Wireless Subscribers by 2028

T-Mobile anticipates having 12 million home internet customers by 2028, CEO Mike Sievert said Wednesday during the company’s Capital Markets Day. The company added 406,000 fixed wireless subscribers in Q2 (see 2407310040) and plans to cover as many as 15 million homes with fiber, based on its current agreements with other companies. It will cover more homes if it makes additional investments, he said. Sievert noted this was the company’s first such event since March 2021, when it was virtual because of the COVID-19 pandemic. In 2018, when T-Mobile announced its buy of Sprint, it was “dead last in the 4G LTE era without a lot of runway for growth,” he said. But T-Mobile was the first of the major carriers to recognize the importance of mid-band spectrum for 5G. T-Mobile has the most and highest-quality spectrum of any U.S. carrier “and will have for years to come,” he said. Sievert noted that T-Mobile also has the densest network as a benefit of the Sprint buy and an after-effect of the days when the carrier didn’t have low-band spectrum and needed more towers. “The next three or four years will not only continue but actually extend and accelerate our success,” Sievert said: “This is an entrepreneurial team that acts very quickly.” T-Mobile expects it will generate $80 billion in cash between now and 2027. The first $10 billion will pay for already announced transactions and $50 billion will be returned to shareholders. That leaves $20 billion, some of which could go to further investments. “That’s incredible flexibility.” Among the announcements T-Mobile made Wednesday (see 2409180018), the carrier said it's using its 5G stand-alone network to offer first responders priority access through network slicing under a new T-Priority offering. “The network slice ensures first responders get lower latency and faster 5G speeds more consistently, and it also gives them the highest priority across every single 5G band, even in times of extreme congestion,” said a news release. T-Mobile said its first major customer is New York City.