U.S. wireless carrier
T-Mobile US, Inc.
T-Mobile sells postpaid and prepaid wireless and broadband services to consumers and businesses, while providing wholesale network access to MVNOs such as EchoStar and TracFone. It procures devices and network equipment, leases tower and fiber capacity, and invests in communications assets and joint ventures to extend wireless coverage and fixed broadband reach.
TMUS Updated Sep 11, 2026 3 AI consumers· 3 recurring
Per the valuechain.wiki graph, T-Mobile US, Inc. is directly linked to 3 companies (2 supply, 1 revenue relationships) and reaches 29 companies within two hops; the links are backed by 5 dated sources, 3 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · FY2025 total revenue of $88.309 billion
- Segments · Postpaid service · Prepaid service · Wholesale and other service · Equipment · Other
Revenue from
- EchoStar High confidence
EchoStar purchases access to T-Mobile's wireless network to serve Boost Mobile subscribers. Both companies disclose the agreement and minimum purchase commitment, but neither reports EchoStar's standalone payments. - TracFone Wireless High confidence
Verizon subsidiary TracFone Wireless is a wholesale MVNO customer of T-Mobile. T-Mobile disclosed lower TracFone MVNO revenue in 2025 but did not report the counterparty-specific amount.
Pays to
- Crown Castle High confidence· Amount $3.5B · FY2025 year end · T-Mobile tower-obligation balance associated with the Crown Castle arrangements
T-Mobile leases back space on towers managed by Crown Castle and makes contractual leaseback payments. The related tower-obligation balance was $3.532 billion at year-end 2025, while Crown Castle reported that T-Mobile generated 40% of its 2025 site-rental revenue. - Metronet High confidence
The Metronet joint venture builds and operates the fiber network while T-Mobile owns the customer relationship and retail service. T-Mobile pays wholesale network-access costs to the venture, but the standalone expense is not disclosed. - Apple Medium confidence
T-Mobile sources Apple devices for resale through its customer channels. The company identifies wireless devices as a major purchase-obligation category, and Counterpoint confirms Apple sales through T-Mobile, but Apple-specific procurement is not disclosed.Confirms EN Counterpoint Research Published Feb 9, 2026: US Smartphone Sales Increase 1% YoY in Q4 2025
Investments
- Metronet High confidence· Amount $4.6B · Q3 2025 · T-Mobile investment for a 50% interest in the Metronet joint venture and 713,000 fiber customers
T-Mobile formed a joint venture with KKR to acquire Metronet and closed the transaction in July 2025. It invested $4.6 billion for a 50% equity interest in the venture and 713,000 fiber customers. - UScellular Wireless Business High confidence· Contract value $4.4B · acquisition completed 2025-08-01 · Aggregate agreed purchase price for the UScellular wireless operations and selected spectrum assets
T-Mobile agreed to acquire UScellular's wireless operations and selected spectrum assets for approximately $4.4 billion, including cash and debt-exchange consideration, and closed the transaction in August 2025. The acquired wireless business became wholly owned by T-Mobile.Confirms KO The Korea Economic Daily Published May 28, 2024: T-Mobile to Acquire UScellular Wireless Operations for $4.4 Billion
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| EchoStar | lead1 | +24.4 | -36.7 | -0.7 | +38.2 | +374.7 | -17.4 |
| T-Mobile US, Inc. | node | -14 | +20.7 | +15 | +39.7 | -6.6 | -9.2 |
| Apple | benef1 | +34.6 | -26.4 | +49 | +30.7 | +9.1 | +18 |
| Crown Castle | benef1 | +35.1 | -32.6 | -10.2 | -16.4 | +3 | -12.6 |
| Micron Technology | benef2 | +24.2 | -45.9 | +71.9 | -1 | +240.2 | +256.4 |
| STMicroelectronics | benef2 | +32.4 | -26.8 | +41.7 | -49.7 | +5.3 | +102.2 |
| SK hynix | benef2 | -0.4 | -25.6 | +53.9 | +48.6 | +361.1 | +81.6 |
| Samsung Electronics | benef2 | -9 | -14.2 | +20.9 | -26.4 | +212.9 | +59.7 |
| Fujikura | benef2 | +25.7 | +64.5 | +29.2 | +425.4 | +216.9 | +55.7 |
| Kyocera | benef2 | +7.5 | -2.1 | +33.8 | -24 | +46.7 | +53.5 |
| Texas Instruments | benef2 | +17.5 | -9.9 | +6.4 | +13.1 | -4.5 | +51.5 |
| Pegatron | benef2 | -5.9 | +0.6 | +35.3 | +21.2 | -23.8 | +43 |
| TSMC | benef2 | +12.1 | -36.7 | +42.3 | +92.6 | +55.9 | +41.9 |
| Infineon Technologies | benef2 | +10.4 | -8.6 | +3.4 | -4 | +31 | +37.7 |
| Jabil | benef2 | +66.4 | -2.5 | +87.4 | +13.3 | +58.7 | +36.3 |
| Globalstar | benef2 | +241.2 | +14.7 | +45.9 | +6.7 | +96.6 | +34.9 |
| Analog Devices | benef2 | +21 | -4.9 | +23.4 | +8.8 | +29.8 | +34.8 |
| Amkor Technology | benef2 | +65.6 | -2.3 | +40.3 | -20.8 | +55.9 | +21.6 |
| Foxconn (Hon Hai) | benef2 | -5.1 | +2.8 | +7.8 | +80.1 | +26.9 | +19.6 |
| Skyworks Solutions | benef2 | +2.7 | -39.9 | +26.5 | -18.9 | -25.5 | +19.2 |
| Sunny Optical | benef2 | -1.5 | -46.8 | -54.4 | +46 | -8.9 | +14.3 |
| Sony Semiconductor Solutions | benef2 | +27.2 | -8.4 | +27.8 | +17.9 | +1 | +12.9 |
| NXP Semiconductors | benef2 | +44.8 | -29.2 | +48.4 | -8 | +6.4 | +5.9 |
| Luxshare Precision | benef2 | -11.9 | -30.2 | -21.2 | +58.8 | +29.3 | +5.6 |
| Broadcom | benef2 | +56.5 | -13.3 | +104.2 | +110.5 | +50.6 | +3.8 |
| Berkshire Hathaway | benef2 | +29 | +3.3 | +15.5 | +27.1 | +10.9 | +0.7 |
| Qualcomm | benef2 | +22.3 | -38.6 | +35.1 | +8.3 | +13.8 | +0.2 |
| Take-Two Interactive Software, Inc. | benef2 | -14.5 | -41.4 | +54.6 | +14.4 | +39.1 | -16.1 |
| Alibaba Group | benef2 | -49 | -25.8 | -10.8 | +11.8 | +75.8 | -22 |
| BYD Electronics | benef2 | -56.1 | +16 | -0.4 | +60.6 | -19.4 | -24.1 |
YTD as of 2026-09-04 · source: Yahoo Finance
T-Mobile US, Inc. operates across U.S. wireless carrier. It remained weak at -6.6% in 2025 and -9.2% in 2026. The supply side (avg +18%) leads the stock (-9.2%), with spending rippling down to suppliers first. It procures devices and network equipment, leases tower and fiber capacity, and invests in communications assets and joint ventures to extend wireless coverage and fixed broadband reach.
Analysis generated from returns as of 2026-09-04