Yahoo Finance T-Mobile to Bring 600 MHz Extended Range LTE in Puerto Rico
T-Mobile US, Inc. TMUS recently announced its plans to deploy 600 MHz Extended Range LTE to Puerto Rico this fall. The strategic move is part of the corporate objective to extend its presence in more than 900 cities and towns across 32 states, including its LTE coverage into 120 places for the first time.
This will help the company to lay the foundation for 5G technology in Puerto Rico with 5G-ready equipment. The company’s Extended Range LTE signal reaches twice as far and penetrates walls four times better in buildings, providing increased coverage and capacity.
The wireless carrier has already deployed Extended Range LTE to more than 80% Americans with 700 MHz, Band 12. It began deploying it with 600 MHz, Band 71 last year, to further expand coverage and capacity.
The devastating hurricanes that hit Puerto Rico last year provided an opportunity to rebuild the network with 5G-ready gear. T-Mobile’s professionals are focusing to deploy 600 MHz LTE across the island country to help make it a technology and innovation hub in the future.
Incidentally, the company made its largest network investment ever, in April 2017 when it tripled its low-band spectrum holdings by purchasing 45% of the spectrum sold in the U.S. Government’s 600 MHz auction. This included the purchase of 31 MHz nationwide on an average and 50 MHz in Puerto Rico. The company is now consolidating its presence in the segment with the fast rollout of 600 MHz Extended Range LTE in the region.
T-Mobile is offering six 600 MHz-capable smartphones at various price points. It will also enable carrier aggregation for 600 MHz Extended Range LTE and mid-band LTE, to meet consumers’ growing need.
T-Mobile’s innovative network expansion methodologies are faster and technologically sounder, providing it an edge over competitors. The carrier’s network has been the fastest network in America in both download and upload speeds. It plans to use its 600 MHz spectrum holdings to deploy America’s first nationwide 5G network by 2020.
However, the stock has underperformed the industry with an average loss of 7.9% compared with 7.4% decline for the latter in the past six months.
T-Mobile currently has a Zacks Rank #3 (Hold). Better-ranked stocks in the industry include BlackBerry Limited BB, Motorola Solutions, Inc. MSI and Ubiquiti Networks, Inc. UBNT. While BlackBerry sports a Zacks Rank #1 (Strong Buy), Motorola Solutions and Ubiquiti Networks carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
BlackBerry has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates twice in the trailing four quarters with an average positive surprise of 500%.
Motorola has a long-term earnings growth expectation of 8%. It beat earnings estimates in each of the trailing four quarters, the average being 12.1%.
Ubiquiti has a long-term earnings growth expectation of 18.6%. It exceeded earnings estimates thrice in the trailing four quarters with an average positive surprise of 8.9%.
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