
From underdog to top dog? T-Mobile completes a 12-year quest — but Verizon says not so fast
BELLEVUE, Wash. — For more than a decade, T-Mobile has branded itself as the industry outsider — the brash 'Un-carrier' challenging the wireless giants with lower prices and customer perks, while working behind-the-scenes to build the best network in the country.
Now, the company says, that moment has arrived.
At a splashy event Monday at T-Mobile's 5G Innovation Hub, speaking on a live webcast with a crowd of magenta-clad employees cheering in the audience, CEO Mike Sievert declared that T-Mobile is officially the nation's best wireless network — citing an independent test by Ookla based on half a billion real-world data points.
The milestone comes five years after the company merged with Sprint and 12 years after it began its climb from the industry basement — which Sievert didn't sugarcoat in hindsight.
'We were number four in networks,' he said on stage during the event, 'and that's because there's only four and rapidly shrinking.'
Its rivals aren't conceding the crown. Verizon criticized the methodology behind the claim, saying that crowdsourced testing lacks the scientific rigor needed for accurate comparisons.
'Crowdsourcing network performance is not able to control variables and biases,' a Verizon spokesperson said in an emailed statement, 'offering unpredictable and often inaccurate results and making precise analysis and troubleshooting difficult.'
The company pointed instead to results from RootMetrics, which uses controlled drive testing and, according to Verizon, continues to show it has the most reliable 5G network.
'An attempt at obfuscation'
T-Mobile executives anticipated that response on stage.
Without naming rivals directly, Sievert warned the audience to expect 'an attempt at obfuscation' from competitors clinging to their longstanding reputations. He drew a sharp distinction between traditional drive tests — like those used by Root Metrics — and what he described as the most comprehensive U.S. network study ever conducted.
Sievert dismissed drive tests as limited in scope — typically involving just 50 or so users driving predetermined routes in cars. By contrast, he noted, Ookla's methodology drew on 'half a billion data points' gathered from millions of real users going about their daily lives.
He acknowledged that the claim of overall network leadership might not surprise industry insiders who have watched T-Mobile's rise in 5G. But T-Mobile executives decided to wait until they had undeniable results before publicly declaring victory.
'This is a day for us to unveil this truth to the public,' Sievert said.
But as with many things these days, there are different versions of the truth.
'There's going to be claims and counter-claims,' said longtime analyst Avi Greengart of Techsponential. 'The important thing is that if you are on T-Mobile's network, you're likely to be pretty happy, both in terms of speed and actual coverage, which wasn't the case five years ago.'
That transformation puts T-Mobile in unfamiliar territory of no longer being a scrappy upstart, or the rebel, but being the established player, or the 'cool establishment,' Greengart said.
There are plenty of challenges ahead. Many business customers are loyal to Verizon and AT&T. The abundance of family plans on rival networks creates switching friction, because moving one line often means moving five devices across extended families.
And while T-Mobile has partnered with an industry leader in satellite connectivity, Elon Musk's Starlink, the emerging competitive threats in that field are significant, from the likes of AT&T partner AST SpaceMobile, and satellite initiatives from Amazon, Google and Apple.
'Simply having a better network message, and the high value message, isn't a slam dunk, so there's work ahead for T-Mobile,' Greengart said.
Not 'in my wildest imagination'
Still, for longtime T-Mobile leaders, it's the culmination of an improbable journey, started by previous CEO John Legere with an executive team that included Sievert and others.
'I just would have never, ever, in my wildest imagination, thought we would ever get to this place,' said Jon Freier, president of the T-Mobile Consumer Group, whose tenure began in the 1990s at Western Wireless, led by John Stanton, predecessor of the modern T-Mobile US.
Chief Operating Officer Srini Gopalan, who joined the executive team in March after nearly four years on T-Mobile's board, expressed confidence in the company's position.
'We're a good two years ahead of Verizon and AT&T, and that lead is only going to expand,' he said, citing T-Mobile's five-year head start implementing a 5G standalone core, 30% more spectrum than Verizon, and 10-15% more cell towers than its nearest competitor.
For the first quarter, T-Mobile reported a total 130.9 million customer connections, including 1.3 million postpaid net additions and 495,000 postpaid phone additions in the first quarter, more than any other U.S. carrier. T-Mobile US is the largest telecom company by market cap.
T-Mobile CEO Mike Sievert announces the network milestone. (GeekWire Photo / Todd Bishop)
After the event in Bellevue on Monday, Sievert spoke informally with a small group of analysts and reporters standing next to the stage.
My question: After years of going after the industry leaders, T-Mobile can now claim that status. How does it avoid the pitfalls of the other big guys?
Sievert, ever the scrappy competitor, responded with a trademark T-Mobile jab.
'For years, I told my team, someday, one day, we'll be as big or bigger than AT&T and Verizon, but we must never become them,' he said. He vowed that T-Mobile won't lose its 'customer-loving hunger,' and said its rivals can't duplicate its approach with a memo.
'Can you imagine being there in that ivory tower, going, 'Well, we've studied the customer-loving strategy at T Mobile, and so we would like to instruct everyone, starting tomorrow, to give a shit'?' he said. 'I mean, you can't do that.'

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
9 minutes ago
- Yahoo
William Blair Maintained a Buy Rating on TTEC Holdings (TTEC)
TTEC Holdings, Inc. (NASDAQ:TTEC) is one of the . On August 8, William Blair analyst Maggie Nolan maintained a Buy rating on TTEC Holdings, Inc. (NASDAQ:TTEC), without disclosing any price target. The analyst reiterated his bullish sentiment following the company's fiscal second quarter 2025 earnings release. Nolan noted that the company exceeded revenue expectations despite a slight 3.8% year-over-year decrease. The company posted a revenue of $513.57 million, which exceeded expectations by $17.64 million. Moreover, TTEC Holdings, Inc. (NASDAQ:TTEC) demonstrated solid growth, particularly in its embedded customer base within the Engage segment. The segment showed a decline but outperformed estimates, driven by AI-driven solutions that improved client retention and growth. A business executive reviewing customer analytics on their laptop in a modern office. In addition, Nolan also highlighted the company's cost optimization strategies that led to better operating margins across both its segments. Looking ahead, management raised its full-year outlook and now expects revenue in the range of $2.06 billion to $2.11 billion. TTEC Holdings, Inc. (NASDAQ:TTEC) provides customer experience technology and services, using artificial intelligence. It operates through two main segments, including the Digital and Engage segments. While we acknowledge the potential of TTEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
Claire's may close several stores nationwide after bankruptcy filing. What it means for Kentucky
Claire's, a national mall jewelry chain, recently filed for Chapter 11 bankruptcy for the second time on Aug. 6, and court records show that more than 1,100 stores could close without a buyer. The Illinois-based company, with 1,326 stores across the U.S., is looking for a buyer for about 800 remaining locations after recent financial challenges due to the rise of fast-fashion brands like Shein and Temu, high rent costs and new tariffs from supplier nations, including China, according to court documents filed with the U.S. bankruptcy court in Delaware. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership Court filings reveal 18 Claire's and Icing stores in the U.S. that will close by Sept. 7 at the latest. If the company cannot find a buyer and complete a sale quickly, Claire's will have to shut down all of its locations, including several in the commonwealth. Here's what we know and how Kentucky could be impacted. Why is Claire's filing for bankruptcy? Ahead of the Claire's bankruptcy filing, the company had sought to find a buyer for all or part of the business, and identified 18 stores it would close, according to filings in U.S. Bankruptcy Court in Delaware. The jewelry chain previously deferred payments on debt interest as a way to conserve cash, Bloomberg reported. U.S. tariff policy uncertainties has led to concerns about Claire's ability to pay a $475 million loan due in December 2026, according to Bloomberg, and the company has increasingly fallen behind on its bills over the past year, according to Ragini Bhalla, spokesperson for business credit report provider Creditsafe. Claire's CEO Chris Cramer said in a news release that the decision to file for bankruptcy is a "difficult, but necessary one." "Increased competition, consumer spending trends and the ongoing shift away from brick-and-mortar retail, in combination with our current debt obligations and macroeconomic factors, necessitate this course of action for Claire's and its stakeholders," Cramer said. "We remain in active discussions with potential strategic and financial partners and are committed to completing our review of strategic alternatives." More on Claire's bankruptcy: See which stores are closing soon What is bankruptcy? Bankruptcy is a legal process for people or businesses with outstanding debt to eliminate part, or all, of the debt, and establish a repayment plan. According to the United States Courts, all bankruptcy cases are handled in federal courts, and filing for bankruptcy "helps people who can no longer pay their debts get a fresh start by liquidating assets to pay their debts or by creating a repayment plan. Bankruptcy laws also protect financially troubled businesses." What is Chapter 11 bankruptcy? The United States Courts says Chapter 11 bankruptcy is frequently referred to as a "reorganization" bankruptcy. Usually, the debtor remains 'in possession,' has the powers and duties of a trustee, may continue to operate its business and may, with court approval, borrow new money. A plan of reorganization is proposed, creditors whose rights are affected may vote on the plan, and the plan may be confirmed by the court if it gets the required votes and satisfies certain legal requirements. Which Claire's and Icing stores are closing? A total of 18 Claire's and Icing stores will be closing, with clearance sales concluding no later than Sept. 7, according to the company's court filings. Additional stores could close, the company said in the filing. Here's the current list: Claire's Stores closing (13) Eastdale Mall, Montgomery, Alabama. Newpark Mall, Newark, California. Ford City Mall, Chicago. Market Street, Lynnfield, Massachusetts. Bay City Town Center, Bay City, Michigan. Northtown Mall, Blaine, Minnesota. Livingston Mall, Livingston, New Jersey. Uniontown Mall, Uniontown, Pennsylvania. Shops at Highland Village, Highland Village, Texas. Pinnacle at Turkey Creek, Knoxville, Tennessee. Junction Commons, Park City, Utah. Provo Town Center, Provo, Utah. Woodinville Plaza, Woodinville, Washington. Icing stores closing (5) Galleria at Tyler, Riverside, California. Woodland Mall, Grand Rapids, Michigan. Greece Ridge, Rochester, New York. Mall of Abilene, Abilene, Texas. University Orem, Orem, Utah. Claire's locations in Kentucky According to the Claire's store finder, there are several commonwealth locations that could be impacted by recent bankruptcy filings. Alexandria: 6711 Alexandria Pike SPC 120. Ashland: 500 Winchester Ave Suite 568. Bowling Green: 2625 Scottsville Road #426 and 1201 Morgantown Road. Elizabethtown: 1704 N Dixie Highway. Florence: 1160 Florence Mall Road. Georgetown: 112 Osbourne Way, Room 700. Lawrencenburg: 1000 Bypass N SPC 700. Lexington: 3401 Nicholasville Road. London: 1710 West Highway 192 Suite 6A. Louisville: 4801 Outerloop Road, 5000 Shelbyville Road, 4053 Summit Plaza Drive and 175 Outerloop Road. Owensboro: 3151 Leitchfield Road. Paducah: 5101 Hinkleville Road. Richmond: 820 Eastern Bypass Room 140. Simpsonville: 1155 Buck Creed Road #E512. Somerset: 4150 S. Highway 27 and 177 Washington Drive. USA TODAY reporters Mike Snider and Fernando Cervantes Jr. contributed. Reach Marina Johnson at This article originally appeared on Louisville Courier Journal: Claire's bankruptcy filing means store closures. How it could impact Kentucky Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
9 minutes ago
- Yahoo
UBS Raised the Firm's PT on LifeStance Health Group (LFST), Kept a Buy Rating
LifeStance Health Group, Inc. (NASDAQ:LFST) is one of the . On August 8, UBS raised the firm's price target for LifeStance Health Group, Inc. (NASDAQ:LFST) from $8.50 to $9, while maintaining a Buy rating on the stock. The increased price target follows the company's fiscal second-quarter earnings release. The company exceeded both revenue and earnings estimates during the quarter. LifeStance Health Group, Inc. (NASDAQ:LFST) posted a revenue of $345.31 million, reflecting a 10.56% year-over-year growth and ahead of estimates by $58,730. Moreover, the EPS of negative $0.01 also beat the analyst consensus by $0.02. A close-up of a healthcare professional studying a computer screen with data while consulting with a patient. Management noted that they increased the number of clinicians providing care by 11% year-over-year, which led to a 12% increase in visit volumes during the quarter. Looking ahead, management has reaffirmed its full-year revenue guidance in the range of $1.40 billion to $1.44 billion. LifeStance Health Group, Inc. (NASDAQ:LFST) is a reimagining mental health company that provides both virtual and in-person mental healthcare for children, adolescents, and adults. While we acknowledge the potential of LFST as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data