T-Mobile Wins NYC Public Safety Deal, Introduces New Plans For First Responders And Military Families

T-Mobile US, Inc TMUS announced Friday that it will become the New York municipal entity’s single carrier.

What Happened: T-Mobile’s network will support various mission-critical operations across New York City, including public safety departments.

T-Mobile US said NYC’s public safety network will have access to 5G technology, and city employees and their families will soon have access to discounts on T-Mobile plans.

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Separately, the telecom company also introduced two new plans for first responders and military customers.

Recently, T-Mobile US disclosed plans to raise 2.75 billion euros ($2.94 billion) via senior note offering for general corporate purposes, including share repurchases, dividends, and refinancing of existing indebtedness.

The company reported fourth-quarter revenue of $21.87 billion (versus $20.48 billion a year ago), topping the analyst estimate of $21.31 billion. Earnings of $2.57 per share surpassed the consensus estimate of $2.26.

T-Mobile US’ adjusted free cash flow of $4.1 billion declined by 5%.

T-Mobile’s US stock surged 62% in the last 12 months as it tries to win suburban, rural, and enterprise mobile segments and additional market share in broadband.

KeyBanc’s Brandon Nispel noted that T-Mobile US’ acquisitions in the fiber business at significant multiples have yet to be proven.

Price Action: TMUS stock traded higher by 0.23% to $266.00 premarket at the last check on Friday.

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