On July 11, T-Mobile US rose 3.07% in regular trading, trading at $186.97/share, with turnover of $626 million.
On the news front, T-Mobile has begun allowing a small number of iPhone users to test an early version of SpaceX's Starlink direct-to-phone service. Elon Musk subsequently confirmed the development on social media, stating the current satellite constellation can already transmit medium-resolution images and audio content. The partnership positions T-Mobile as the core carrier partner in the Starlink direct-to-handset ecosystem, complementing its prior strategy of forming a satellite-to-device joint venture alongside AT&T and Verizon.
Additionally, Morgan Stanley this week reiterated T-Mobile as its top pick, noting that wireless carriers are better positioned than cable operators amid Starlink's broadband expansion. The firm expects cable providers like Comcast and Charter to lose approximately 400,000 to 500,000 broadband subscribers annually, while projecting 16 million Starlink broadband subscribers by 2030. T-Mobile's next earnings report is scheduled for July 23, with consensus EPS estimate of $2.57.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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