One-Two Punch for T-Mobile: Secures DoD Contract & Uber Deal

T-Mobile US, Inc. TMUS disclosed that the U.S. Department of the Navy has chosen it as a wireless solutions provider under the $2.67 billion Spiral 4 contract for the next ten years.

This agreement enables all Department of Defense agencies to procure wireless services and equipment from T-Mobile.

The Department of Defense will have the opportunity to leverage T-Mobile’s 5G network for state-of-the-art wireless solutions that meet the evolving needs of government operations. 

The contract aims to provide reliable connectivity for government activities, ranging from mission-critical communications to network solutions for military personnel and federal civilian agencies.

Read: T-Mobile’s USCellular Acquisition Is Key to 5G Leadership and Market Expansion, Analyst Says

David Bezzant, Vice President of Sales, T-Mobile for Government, said, “The Spiral 4 contract award is a testament to T-Mobile’s leading 5G network and to our focus on building solutions that meet the critical needs of our government customers.”

“With a cutting-edge product portfolio, a proven track record and a clear vision for the future, we’re ready to take government innovation to the next level. It’s an honor to serve those who serve this Nation.”

The multiple-award contract includes voice, data, fixed wireless solutions, Internet of Things, and mobility management solutions.

In addition, Uber Technologies, Inc.‘s UBER advertising division disclosed an exclusive partnership with T-Mobile Advertising Solutions and Octopus Interactive, which features the national network of interactive video screens inside rideshare vehicles.

Through this partnership, Uber will utilize a portion of T-Mobile’s rideshare inventory to expand its JourneyTV offering to over 50,000 vehicles across the U.S. this year.

Also Read: T-Mobile’s Game-Changing $4.4 Billion Deal With U.S. Cellular Sets New Record Highs

Investors can gain exposure to the stock via Invesco BuyBack Achievers ETF PKW and The Communication Services Select Sector SPDR Fund XLC.

Price Action: TMUS shares are up 0.52% at $174.70 at the last check Thursday.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo by Mike Mozart via Flickr