T-Mobile was the recipient of some good news this past holiday season،
TMobile CEO Mike Sievert said in September that the nation's second-largest wireless provider had already installed some radios for the new spectrum. “And when we get these licenses, we will be able to activate this entire spectrum, affecting 50 million people in two days,” Sievert noted. This is 31 million less than the total covered by the new spectrum, meaning the operator will have to cut some checks payable to Nokia and Ericsson, which are TMobilethe largest 5G radio providers in the country.
T-Mobile will cover 81 million more Americans with 2.5 GHz mid-band spectrum
The 7,156 licenses were won by TMobile during the FCC 108 auction which consisted of 2.5 GHz spectrum. The FCC had to wait for new legislation allowing it to regain its auction authority in Congress before handing over the spectrum licenses to TMobile.
According to investment bank Raymond James, “the potential issuance of shares constituted an overhang on the stock and created an artificial ceiling for a period of time, and we believe that some investors automatically and systematically sold the stock short as it approached the trading level of around $150. “We believe this artificial cap on the shares frustrated many investors, even though it also allowed the company to repurchase shares at lower prices.”
Indeed, over the last month, TMobileShares of rose 5.96% and surpassed the $150 zone where pros were shorting the stock. TMobileShares of closed today at $161.91, up $1.58 or 0.99%.