T-Mobile won't face capacity issues as it expands its home internet service, executives said on a call with analysts Thursday (see 2210270077). CEO Mike Sievert said T-Mobile probably added more new high-speed internet during Q3 than AT&T, Verizon, Comcast and Charter combined, and now serves more than 2 million. T-Mobile is “adding more spectrum across the footprint, both the existing and the new footprint,” said Neville Ray, president-technology: “That's not just in 2.5 GHz now; we're also adding PCS in the 1900 MHz band to those sites. So we have more sites and more spectrum coming online as we move through the future months and years for the company.” Sievert said T-Mobile has “barely tapped” its millimeter-wave assets. “We have fantastic mid-band,” he said. The recent 2.5 GHz auction “has given us potential access, as soon as those licenses are assigned, to significant additional mid-band in areas where we actually already have the towers deployed,” he said. Sievert said new customers sign up predominantly because they’re not satisfied with their contracts with another carrier, “or they switch because they want a different or more powerful network signal,” he said: “More and more they are learning that T-Mobile is the company that offers that.” MoffettNathanson’s Craig Moffett said he remains positive on the outlook for T-Mobile despite broader industry questions. “If there’s a single cause for anxiousness among T-Mobile shareholders -- beyond simply how well T-Mobile’s stock has performed -- it is this: industry subscriber growth is destined to slow,” he said: “With Cable taking a larger and larger share of a dwindling pool of new growth, T-Mobile will struggle to meet expectations for net adds.” Moffett said questions remain about how wireless phone growth continues. “It looks as though industry growth may have reaccelerated in Q3 -- we won’t know until all the numbers are in, but there’s an interesting, if depressing, theory that growth might have benefited from ‘the Uvalde effect,’ with parents feeling an urgent need for their children to have their own cellphones at an earlier age in the event of a school shooting,” he said, referring to the May school shooting in Texas. T-Mobile closed up 7.4% Friday at $151.
Meta defended its cooperation with law enforcement over data Nebraska police are using to charge a mother and her teenage daughter for the teen’s abortion in April. Jessica Burgess and her 17-year-old daughter, Celeste, were reportedly charged in June after the mother helped the daughter abort, burn and bury a fetus. Celeste was reportedly 23 weeks pregnant at the time of the abortion, and state law, which has remained unchanged since the Roe v. Wade reversal, prohibits abortion after 20 weeks. The Norfolk Police Department, using a search warrant, obtained direct Facebook messages between the two about the use of abortion pills. Legislators and privacy advocates have raised concerns about law enforcement using digital data against individuals seeking abortion (see 2207220053). Much of the reporting in the case is “plain wrong,” Meta said in a statement Tuesday: The company received valid legal warrants June 7, prior to the Supreme Court decision. The warrants didn’t mention “abortion at all,” the company said. “Court documents indicate that police were at that time investigating the alleged illegal burning and burial of a stillborn infant. The warrants were accompanied by non-disclosure orders, which prevented us from sharing information about them. The orders have now been lifted.”