T-Mobile US operates as the second largest wireless carrier in the United States with over 140 million subscribers. The company provides mobile communications services including voice, messaging, and data to customers across the country. Headquartered in Bellevue, Washington, T-Mobile traces its origins to VoiceStream Wireless, founded in 1994.
Deutsche Telekom, the German telecommunications giant, owns 51.4% of T-Mobile US. The company operates two main brands: T-Mobile and Metro by T-Mobile. Known for its customer-centric approach and aggressive marketing, T-Mobile has disrupted the telecommunications industry through its Un-carrier strategy launched in 2013.
T-Mobile Key Stats
T-Mobile History
The T-Mobile story began with VoiceStream Wireless, established in 1994 as a subsidiary of Western Wireless Corporation. John W. Stanton, a wireless industry pioneer, founded the company to provide personal communications services using GSM digital technology.
VoiceStream quickly expanded through strategic acquisitions. The company acquired Omnipoint Corporation in February 2000 and Aerial Communications in May 2000. These deals consolidated regional networks into a unified national carrier.
T-Mobile Co-founders
T-Mobile Revenue
T-Mobile generated $81.4 billion in annual revenue during 2024, representing 3.62% growth from the previous year. The company has maintained consistent revenue growth through subscriber additions and service revenue increases.
Service revenues reached $66.2 billion in 2024, growing 5% year-over-year. The company expects continued growth in 2025 with Core Adjusted EBITDA projected between $33.1 billion and $33.6 billion.
T-Mobile Marketcap
T-Mobile US maintains a market capitalization of approximately $226.6 billion as of December 2025. The company ranks among the 75 most valuable publicly traded companies globally.
Since going public in 2007, T-Mobile’s market cap has grown from $4.31 billion to over $220 billion. The Sprint merger in 2020 and subsequent network investments contributed to substantial valuation growth.
T-Mobile Competitors
T-Mobile competes primarily with Verizon Communications and AT&T in the U.S. wireless market. Cable companies like Comcast and Charter also compete through bundled services and mobile virtual network operators.
The wireless market has intensified as carriers invest in 5G infrastructure and compete for subscribers. T-Mobile leads in 5G coverage, reaching 37% of U.S. landmass compared to AT&T’s 29% and Verizon’s 14%.
| Company | Market Cap | Subscribers | Headquarters |
|---|---|---|---|
| Verizon Communications | $167.5B | 93M postpaid | New York, NY |
| AT&T Inc. | $165B | 71M postpaid | Dallas, TX |
| Comcast Corporation | $145B | 6.9M mobile | Philadelphia, PA |
| Charter Communications | $52B | 9.2M mobile | Stamford, CT |
| Dish Network | $3.5B | 7.4M wireless | Englewood, CO |
| Cricket Wireless (AT&T) | Subsidiary | 9M+ | Atlanta, GA |
| Visible (Verizon) | Subsidiary | 3M+ | Denver, CO |
| Mint Mobile (T-Mobile) | Subsidiary | 5M+ | Costa Mesa, CA |
| Google Fi | Subsidiary | 2M+ | Mountain View, CA |
| Boost Mobile | Subsidiary | 9M+ | Broomfield, CO |
T-Mobile Acquisitions
T-Mobile has grown through strategic acquisitions that expanded its subscriber base and network capabilities. The company’s acquisition strategy focuses on gaining spectrum, customers, and market share in competitive segments.
The MetroPCS merger in 2013 marked T-Mobile’s return to public markets. MetroPCS shareholders received 26% of the combined company, while T-Mobile gained access to additional spectrum and 8.9 million prepaid customers. The merger proved successful as Metro’s customer base doubled to nearly 19 million by 2019.
T-Mobile acquired spectrum from U.S. Cellular for $308 million in 2013 and purchased 700 MHz licenses from Verizon for $2.365 billion in 2014. These spectrum deals provided coverage for 158 million people across major U.S. markets.
The Sprint merger in April 2020 represented T-Mobile’s largest acquisition at $26.5 billion. The deal combined the third and fourth largest U.S. carriers, unlocking projected synergies of $43 billion. T-Mobile gained Sprint’s 2.5 GHz spectrum holdings, essential for building a nationwide 5G network.
In 2024, T-Mobile acquired Ka’ena Corporation, parent of Mint Mobile and Ultra Mobile, expanding its prepaid portfolio. The company also announced the $4.4 billion acquisition of UScellular’s wireless operations, which closed in August 2025. This deal added 4 million customers and approximately 2,000 towers to T-Mobile’s network.
T-Mobile continues pursuing fixed broadband opportunities through fiber acquisitions. The company announced the Metronet acquisition in 2024, positioning T-Mobile to offer combined wireless and fiber services nationwide.
FAQs
Who owns T-Mobile?
Deutsche Telekom, the German telecommunications company, owns 51.4% of T-Mobile US. The remaining shares trade publicly on NASDAQ under the ticker symbol TMUS.
When was T-Mobile founded?
T-Mobile traces its origins to VoiceStream Wireless, founded in 1994. Deutsche Telekom acquired VoiceStream in 2001 and rebranded it as T-Mobile USA in July 2002.
How many customers does T-Mobile have?
T-Mobile serves over 140 million subscribers as of September 2025. The company is the second largest wireless carrier in the United States behind Verizon.
What is T-Mobile’s revenue?
T-Mobile generated $81.4 billion in annual revenue during 2024. The company expects continued growth with 2025 guidance projecting service revenue increases.
Where is T-Mobile headquartered?
T-Mobile US is headquartered in Bellevue, Washington. The company operates from multiple buildings in the Factoria neighborhood and Eastside region near Seattle.
