T-Mobile

BlueBird 7 is slated to lift off in late February from Launch Complex 36 at Cape Canaveral Space Force Station on the New Glenn-3 mission. It is AST SpaceMobile’s first payload on New Glenn and the second satellite in its next-generation “Block 2” campaign, following BlueBird 6. BlueBird 7 mirrors BlueBird 6 and carries a deployable array of about 2,400 square feet—the company positions it as the largest commercial communications aperture in low Earth orbit. The design, backed by thousands of patent and patent-pending claims, is engineered to deliver peak downlink rates up to 120 Mbps directly to standard, unmodified devices for voice, data, and video.
A new analysis of U.S. fixed wireless access shows subscriber momentum outpacing performance, a signal that capacity and management strategies are under pressure. Fixed wireless access from T-Mobile, Verizon, and AT&T added about 1.04 million net customers in Q3 2025, taking the U.S. FWA base to roughly 14.7 million. T-Mobile remains the U.S. FWA speed leader, posting a median download around 209 Mbps in Q3 2025. Median uploads dipped below 20 Mbps across providers, creating a hurdle for the FCC’s 100/20 benchmark. Urban FWA customers are more likely to meet the FCC’s 100/20 threshold than rural users due to radio geometry and site density.
2025 has seen major telecom and tech M&A activity, including billion-dollar deals in fiber, AI, cloud, and cybersecurity. This monthly tracker details key acquisitions, like AT&T buying Lumen’s fiber assets and Google’s $32B move for Wiz, highlighting how consolidation is shaping the competitive landscape.
This dispute underscores the weakness of today’s data-sharing “plumbing.” Scraping is brittle, hard to audit, and raises legal risk. The industry will likely move toward standardized, consent-driven APIs that let customers securely share specific data fields for comparison and switching. Telecom can borrow from open banking: OAuth 2.0 and OpenID Connect flows, fine-grained scopes, auditable logs, and tokenized access with time limits. TM Forum Open APIs and carrier-to-carrier data-sharing frameworks could underpin such exchanges, while CTIA and GSMA initiatives provide governance. Done right, portability can be fast for consumers and compliant for operators.
The FCC has approved AT&T’s agreement to acquire a portfolio of UScellular wireless spectrum licenses for $1.02 billion, advancing AT&T’s mid-band capacity strategy and reshaping competitive dynamics in U.S. 5G markets. The licenses span select UScellular markets, bolstering AT&T’s holdings in areas where UScellular has long operated, including rural and midwestern regions. With FCC consent in hand, the parties can proceed to closing market by market, subject to routine administrative steps and any local obligations. Mid-band spectrum remains the sweet spot for balanced capacity and coverage. This positions AT&T to better support RedCap devices, uplink-sensitive applications, and the early wave of 5G-Advanced features.
Verizon will cut more than 13,000 roles as part of a broader restructuring aimed at simplifying operations and resetting its cost base for the next phase of growth. The reduction represents roughly 13% of Verizon’s reported ~100,000 full-time workforce and about one-fifth of its non-union management ranks, according to figures shared alongside the announcement. In parallel, Verizon plans to curb outsourcing and other external labor spending, convert 179 company-owned retail stores to franchise operations, and shutter one store. The restructuring reflects subscriber headwinds and a need to rebalance costs as 5G investment priorities shift from buildout to monetization and automation.
AT&T has activated EchoStar’s 3.45 GHz spectrum across a massive swath of its macro network, delivering a step-change in speed and capacity that advances its 5G and fixed wireless agenda. AT&T has deployed the 3.45 GHz band on nearly 23,000 cell sites across the contiguous United States, touching more than 5,300 cities. Early field results point to up to 80% faster 5G download speeds in upgraded markets. The same spectrum injection is lifting AT&T’s fixed wireless access (FWA) product, Internet Air, with download speeds up by about 55%. Mid-band spectrum is the engine of 5G performance at scale.
The Las Vegas Grand Prix is more than a spectacle this year—it’s a real-world benchmark for what 5G Standalone can deliver under extreme density, with T-Mobile integrating slicing, private 5G and edge video into broadcast, venue ops and public safety workflows. Broadcast teams are ingesting 360-degree and drone feeds over 5G with edge processing, venue commerce runs on a dedicated slice, and police leverage a 5G-connected drone for situational awareness. These deployments illustrate a practical blueprint for monetizing 5G SA and edge in venues, media, public safety and large events.
Multiple media reports say Verizon plans to cut roughly 15,000 jobs and shift about 180–200 company-owned stores to franchise operators, marking its most significant restructuring to date. According to reports citing unnamed sources, Verizon is preparing layoffs equal to about 15% of its workforce, with some estimates suggesting cuts could reach up to 20,000 roles when store conversions are included. Verizon ended 2024 with roughly 100,000 U.S. employees after several years of incremental reductions. Leadership has signaled the need to simplify operations and reset the expense base following heavy 5G investment and a more promotional market.
Group revenue reached about €28.9 billion, up 3.3% on an organic basis, with service revenue and adjusted EBITDA AL growing despite currency pressure from a weaker U.S. dollar; adjusted EBITDA AL was roughly €11.1 billion on an organic basis, and full-year 2025 EBITDA AL guidance rose to around €45.3 billion alongside a stronger free cash flow after leases outlook near €20.1 billion. Adjusted net profit increased to approximately €2.7 billion (+14% year-on-year), while reported net profit was €2.4 billion (-18% year-on-year) due to lapping prior-year one-offs in financial activities—an accounting effect rather than a signal of operating weakness.
AST SpaceMobile is signaling a pivotal year ahead as it moves from demonstrations to commercial direct-to-device coverage with major operators and an aggressive launch schedule. The company’s plan to begin “intermittent nationwide” service in early 2026, followed by continuous coverage later in the year, is also a forcing function for device vendors, standards work, and MNO network integration. As AST scales to 45–60 BlueBird satellites by end-2026, pass frequency and overlap increase to support “continuous” service across the U.S., Europe, Japan, and other priority markets. AST reports over $3.2 billion in cash and liquidity.
SoftBank has exited Nvidia and is redirecting billions into AI platforms and infrastructure, signaling where it believes the next phase of value will concentrate. SoftBank sold its remaining 32.1 million Nvidia shares in October for approximately $5.83 billion, and also disclosed a separate $9.17 billion sale of T-Mobile US shares as part of a broader reallocation into artificial intelligence. The proceeds are earmarked for a significant expansion of SoftBank’s AI portfolio, including a major investment in OpenAI and potential participation in “Stargate,” a next-generation AI data center initiative co-developed by OpenAI and Oracle. Despite exiting Nvidia’s equity, SoftBank retains about 90% ownership of Arm.

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