T-Mobile CEO Says Company Set to Dominate 5G in Next Decade

T-Mobile CEO Says Company Set to Dominate 5G in Next Decade

T Mobile CEO Mike Sievert on Monday outlined his vision for the next decade, telling CNBC he believes his company can be the leader in 5G for the next decade.

“We’re setting the rules for the 5G era because we’re ahead – and I mean miles ahead – and those rules will be customer friendly and we’re going to be able to monetize… this lead over the decade.” , said Sievert in an interview with “Crazy money“Host Jim Cramer.” We will hold onto that 5G lead for the entire 5G decade. “

T-Mobile saw its shares rise after the company began investing early in new network infrastructure, which is the fifth generation of wireless connectivity.

The company currently claims to have 5G coverage for 295 million people across 1.6 million square miles. Sievert said the future is pure 5G mobile internet, adding that the company plans to increase the reach of its Ultra Capacity 5G product by around 40% this year.

“We cover 140 million people with that today, compared to about 4 or 5 million with the other guys, and we’re going to be at 200 million by the end of this year,” Sievert said. “It gives us years ahead of the other guys,” he said.

T-Mobile shares slipped 0.69% on Monday to close at $ 143.51. The share price is up more than 6% in 2021, handily beating the 1.11% rise in AT&T and 2.64% decrease in Verizon year to date.

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