T-Mobile US (TMUS) Wins $8B in Spectrum Auction, Quadruples Low-band Coverage

T-Mobile US Inc. (NASDAQ:TMUSinvested a record-breaking $7.99 billion when it won 45% of all low-band spectrum sold in 600 MHz FCC spectrum auction and quadrupling its low-band holdings to-date. Shares of T-Mobile closed 0.19% in green to $64.04 on Thursday, before rising 0.55% to $64.39 in after-hours trading.

The “un-carrier,” with a $52.93 billion market cap, said the successful auction will allow the company to cover 100% of US and Puerto Rico and expand its market reach by walking away with 31 MHz – its largest investment so far.

“T-Mobile’s new low-band spectrum will be clear and wide-open for customers, meaning a better, faster experience. With this purchase, T-Mobile US Inc. (NASDAQ:TMUS) now has significantly more low-band spectrum per customer than any other major provider and nearly TRIPLE the low-band spectrum per customer than Verizon,” T-Mobile President and CEO John Legere said.

T-Mobile is also sharing plans to put that spectrum to use later this year in parts of the country, defying industry expectations.

Goran Bogicevic/Shutterstock.com

Goran Bogicevic/Shutterstock.com

What Does The Smart Money Sentiment Say?

Smart Money showed bullish sentiment over T-Mobile US Inc. (NASDAQ:TMUS) as we saw an uptick in positions held, quarter over quarter. Out of the 742 hedge funds we track at Insider Monkey, we saw 65 funds hold shares of the un-carrier valued at $4.37 billion in the fourth quarter of 2016, compared to only 58 funds with shares valued at $3.34 billion in the third quarter of the same year.

If we look closer into hedge fund activities, we saw a 39% decrease in Andreas Halvorsen‘s activity on T-Mobile shares during Q4. Halvorsen currently holds 8.4 million shares valued at $483 million.

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The Bottom Line

T-Mobile US Inc. (NASDAQ:TMUS) is in positive territories after winning 45% of all low-band spectrum sold in 600 MHz FCC spectrum auction and quadrupling its low-band holdings to-date. For further reading, check out these 11 countries with the fastest internet speed in the world.

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