Mobile fires back after Verizon unlimited data announcement

T-Mobile (TMUS) might be the nation's third-largest wireless carrier, but it has no competition when it comes to swagger. Price T Rowe Associates Inc /Md/ owns $2 billion in T-Mobile US, Inc., which represents roughly 4% of the company's market cap and approximately 11.33% of the institutional ownership. The Predicted Move on the 7th day after T-Mobile US, Inc. Revenue came in at $10.2 billion, beating estimates of $9.86 billion.

"These results are proof that doing right by customers is also good for shareholders". The company said after a customer uses 22GB of data on a line during any billing cycle, it "may prioritize usage behind other customers in the event of network congestion".

Outspoken CEO John Legere announced the additions in a series of tweets Monday, first calling out Verizon for "caving" when it announced its own unlimited plan. That's three years in a row that we've added more than 8 million customers and taken all of the postpaid phone growth in the industry. The stock was last seen -2.39% lower, reaching at $60.9 on February 13, 2017. The new plan will also include unlimited texts and calls to the US, Mexico, and Canada, and also 500MB a day of 4G LTE roaming in Mexico and Canada.

Interestingly, the two added features are near identical to what Verizon introduced in its unlimited data plan, matching number for number.

Verizon unveiled a new "unlimited" plan, after which T-Mobile said it would "one-up" Verizon with HD video and high-speed hotspot data with extra charge. For context, two lines on Verizon's unlimited data plan will costs $125. T-Mobile had ushered in the industry's move to unlimited data a year ago. Previously, video streams on T-Mobile One were limited to 480p resolution-standard definition.

NEW YORK (AP) - Verizon, in a major reversal, has joined other carriers in offering an unlimited data plan.

T-Mobile beat analyst expectations, reporting quarterly revenue of $10.2 billion, a 23 percent increase from the last period of 2015. "They just lost their network advantage, and they know it". The Un-carrier kicked off T-Mobile Tuesdays last summer with free pizza, and customer demand was overwhelming.

That means that you, the consumer, are now the most valuable commodity the wireless companies have to fight for. T-Mobile US, Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Pres., T-Mobile Ind. Channels Keys Thomas Christopher has sold 100,000 shares of T-Mobile US, Inc. This time around, T-Mobile and Papa John's set it up so there is plenty of time to get yours and plenty of pizzas to go around.

After months of scoffing at the thought, Verizon seems ready to concede that unlimited data really is making a comeback in the wireless industry.

NASDAQ:TMUS) was up +0.22% ($0.14) to $62.39 and showed a volume of 3.8 mln shares.

  • Carolyn Briggs