{"id":17717,"date":"2024-01-03T07:52:23","date_gmt":"2024-01-03T04:52:23","guid":{"rendered":"https:\/\/wikidollar.net\/17717\/t-mobile-was-the-recipient-of\/"},"modified":"2024-01-03T07:52:24","modified_gmt":"2024-01-03T04:52:24","slug":"t-mobile-was-the-recipient-of","status":"publish","type":"post","link":"https:\/\/wikidollar.net\/?p=17717","title":{"rendered":"T-Mobile was the recipient of some good news this past holiday season"},"content":{"rendered":"

T-Mobile was the recipient of some good news this past holiday season\u060c<\/p>\n

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Analysts at TD Cowen responded to the news by telling clients: “While this is not a game-changer, we view this… as a modest victory for TMobile<\/span>” Michael Alcamo, president of New York-based investment bank MC Alcamo & Co, added: “With the exception of a few chains in key markets and the state of Maine, TMobile<\/span> now has the nationwide contiguous [spectrum] inventory it needs to fully inform 5G nationwide. \u00bb<\/div>\n

TMobile<\/span> CEO Mike Sievert said in September that the nation's second-largest wireless provider had already installed some radios for the new spectrum. \u201cAnd when we get these licenses, we will be able to activate this entire spectrum, affecting 50 million people in two days,\u201d 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 TMobile<\/span>the largest 5G radio providers in the country.<\/p>\n

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\n\"T-Mobile<\/source><\/source><\/source><\/picture>\n<\/div>\n

T-Mobile will cover 81 million more Americans with 2.5 GHz mid-band spectrum<\/p>\n<\/div>\n<\/div>\n

The 7,156 licenses were won by TMobile<\/span> 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<\/span>.<\/p>\n

The other thing that had TMobile<\/span> executives enthusiastically celebrating the holiday were the transfer of 49 million TMobile<\/span> shares in SoftBank. The value of these shares was $7.6 billion. The stock's weighted average volume above $150 per share for 45 days triggered the transfer that was written into the 2020 agreement between TMobile<\/span> and SoftBank linked to the former's acquisition of Sprint.<\/div>\n

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. \u201cWe believe this artificial cap on the shares frustrated many investors, even though it also allowed the company to repurchase shares at lower prices.\u201d<\/p>\n

Indeed, over the last month, TMobile<\/span>Shares of rose 5.96% and surpassed the $150 zone where pros were shorting the stock. TMobile<\/span>Shares of closed today at $161.91, up $1.58 or 0.99%.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

T-Mobile was the recipient of some good news this past holiday season\u060c Analysts at TD Cowen responded to the news by telling clients: “While this is not a game-changer, we view this… as a modest victory for TMobile” Michael Alcamo, president of New York-based investment bank MC Alcamo & Co, added: “With the exception of […]<\/p>\n","protected":false},"author":1,"featured_media":17718,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[454,4237,714,8599,1555,862],"class_list":["post-17717","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology","tag-good","tag-holiday","tag-news","tag-recipient","tag-season","tag-tmobile"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/17717","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17717"}],"version-history":[{"count":1,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/17717\/revisions"}],"predecessor-version":[{"id":17719,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/posts\/17717\/revisions\/17719"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=\/wp\/v2\/media\/17718"}],"wp:attachment":[{"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17717"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17717"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wikidollar.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17717"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}