TMUS · Earnings call · 2026Q3T · Full report

Acquisition / Partnership / Divestiture

T-Mobile US, Inc. · 2026-10-28 · Importance 26 · Surprise 24

T-Mobile evaluates fiber acquisitions as standalone businesses, rather than as a prerequisite for fixed-wireless and wireless convergence. Management says it will assess potential deals using rigorous return-on-capital-employed and equity-value-accretion criteria, and will not pursue a target number of homes passed. The company is particularly interested in first-to-fiber or near-first-to-fiber footprints, where its brand and distribution can add value, but provided no deal amounts or timing.

Key facts

• T-Mobile says its brand and distribution add value to the fiber acquisitions it has made.