Mobile Investing Trading
T-Mobile Gaining Sprint Losing Subscribers
October 01 2019 - T-Mobile Momentum Seen Continuing While Sprint Loses More Subscribers By Investors Business Daily
Look for T-Mobile US (TMUS) to report a strong September quarter in subscriber gains, while losses accelerate at would-be merger partner Sprint (S), says a UBS analyst. T-Mobile stock fell on Monday while Sprint stock edged up.
UBS analyst John Hodulik estimates T-Mobile will add 755,000 postpaid subscribers in the third quarter. That's down from 774,000 additions a year earlier, but still leads AT&T (T), Verizon Communications (VZ) and Sprint.
He expects Sprint to lose 231,000 postpaid subscribers versus a loss of 34,000 a year earlier. The UBS analyst forecast that Verizon will add 350,000 postpaid subscribers while AT&T gains 100,000, up from 69,000 additions a year earlier.
"T-Mobile remains our pick in wireless with or without a deal," Hodulik said in a report to clients. " We expect strong momentum in subscribers. We expect AT&T to show annual improvement while Sprint's loses widen."
T-Mobile has been gaining subscriber share since 2014. Billed monthly, postpaid subscribers spend the most on data services.
T-Mobile Stock: State Lawsuit Holding Up Sprint Merger
Federal regulators and the Department of Justice have approved the Sprint deal with conditions. But 18 states led by New York and California aim to block the merger in a lawsuit.
A trial is slated to begin on Dec. 9.
It's possible T-Mobile and Sprint could reach a settlement with the states before a judge rules. On the other hand, a court decision may not come until February or March.
T-Mobile stock slipped 0.8% to close at 79.96 on the stock market today. Sprint stock ticked up a penny to 6.59 . T-Mobile stock has a buy point of 85.32.
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