TLDR
- T-Mobile stock trades at $231.98 ahead of Q2 earnings
- Signed multi-year MVNO agreement with Charter and Comcast to expand business services
- Stock has risen 5% in the past month, aligned with broader market strength
- 5-year return of 127.66%, outpacing the S&P 500’s 96.32%
- Analysts’ target price of $266.08 implies a 14% upside potential
T-Mobile US (NASDAQ: TMUS) shares currently trade at $231.98, slightly down by 0.54% as of midday Wednesday.
The company is set to report earnings later today. Momentum around T-Mobile has strengthened following the announcement of a long-term exclusive Mobile Virtual Network Operator (MVNO) deal with Charter and Comcast. This agreement will expand T-Mobile’s role as the underlying provider of wireless services for business clients of both cable giants, set to begin in 2026.
Strategic MVNO Partnership
Under the deal, Charter and Comcast will utilize T-Mobile’s advanced 5G network to deliver mobile services to U.S. business customers. These services will be marketed under the Spectrum Mobile for Business and Comcast Business Mobile brands. The companies aim to merge their high-speed wireline offerings with T-Mobile’s mobile infrastructure, ensuring a robust and integrated service model.
Charter and Comcast Announce Agreement to Leverage T-Mobile 5G For Wireless Business Customers: https://t.co/vZRdgV4BXX pic.twitter.com/4vAVt913BN
— Charter News (@CharterNewsroom) July 22, 2025
This partnership builds upon T-Mobile’s two-decade-long history of supporting MVNOs and adds another growth lever in the business segment. With over 18 million combined mobile lines from Charter and Comcast since 2017, the deal reflects growing trust in T-Mobile’s network capabilities.
Strong Market Performance Despite Industry Drag
Despite underperforming the broader U.S. Wireless Telecom sector, which saw a 33.8% gain over the past year, T-Mobile has delivered a strong 33.13% return over the same period. Over five years, its total shareholder return reached 127.66%, comfortably beating the S&P 500’s 96.32%.
The company’s year-to-date return stands at 5.76% compared to the S&P 500’s 8.00%. Still, its 3-year return of 79.59% reflects its strong momentum and 5G expansion strategies.
Analyst Expectations and Valuation
At the current price of $233.25, T-Mobile trades at a roughly 14% discount to the average analyst target of $266.08. This gap leaves room for potential upside if the newly inked business deals and promotional campaigns, including Samsung device rollouts and MLB All-Star events, translate into improved revenue growth.
Looking Ahead
While near-term results will be revealed in the Q2 earnings call, the strategic direction and partnership with Charter and Comcast reinforce T-Mobile’s long-term growth outlook. Risks from trade policy or competitive pressure remain, but the telco’s positioning in the 5G and business connectivity space appears strong.
T-Mobile’s strategic evolution also involves ongoing investments in fiber broadband through its “Project Brooklyn,” aimed at expanding its home internet offerings. This move targets competition with cable providers in urban and suburban areas, positioning the company for diversified revenue streams.
T-Mobile has also been actively involved in spectrum acquisitions, including C-band and 3.45 GHz licenses, which are expected to strengthen its mid-band 5G capabilities over time. These long-term investments, alongside its recent MVNO agreements and retail expansions, show the company’s commitment to building a vertically integrated, next-gen wireless ecosystem.