T-Mobile US (TMUS) MoffettNathanson's 2026 Media, Internet & Communications Conference summary

Corporate governance and strategic focus

• Any hypothetical transaction involving Deutsche Telekom would require approval by a majority of disinterested shareholders, as confirmed by legal counsel and independent directors.

• Current focus remains on business growth and differentiation rather than speculative corporate activity.

Market segmentation and growth drivers

• Growth is strong across urban, rural, and smaller markets, with particular acceleration in top 100 urban markets where network quality is now a key driver.

• The highest ever share of new accounts in Q1 cited network quality as the main reason for switching.

• Growth is seen across all demographics and geographies, with value, experience, and network quality as core motivators.

Rural and business opportunities

• Rural market share is at 24% and growing, supported by targeted network investments and a customer-driven coverage model.

• Business segment is in early stages, with double-digit revenue growth expected, driven by solving real business problems and innovative solutions like SuperBroadband.