It’s been quite a ride for the Un-carrier. T-Mobile (NASDAQ: TMUS) says its 2022 performance was its best ever. Compared to 2021, full-year 2022 wireless service revenues were up 5 percent to $61.3 billion and core adjusted EBITDA increased 12 percent to $26.4 billion. Capital expenditures jumped 13 percent year-over-year to nearly $14 billion for its 5G buildout and integration of the Sprint network. The company says its network integration efforts are now complete and that 2022 represented its peak capex year.
Looking back, Sprint Corporation and T-Mobile US announced their agreement to merge on April 29, 2018. After a two-year regulatory and financial approvals process, the merger closed on April 1, 2020, with the combined entity operating as T-Mobile. Continue Reading |
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