T-Mobile's Latest Announcement Is Bad News for Sprint
Last week, T-Mobile (NASDAQ: TMUS) announced that it had added an additional 430 markets to its LTE Advanced network. The new LTE Advanced signals allow phones equipped with Qualcomm's Snapdragon Gigabit LTE modems to receive blazing fast wireless speed.
The news expands T-Mobile's LTE Advanced footprint to more than 920 markets, more than any other U.S. wireless carrier. But the announcement especially stings for Sprint (NYSE: S), which was recently in talks to merge with T-Mobile before the deal fell through.
The lack of a deal between the two carriers has left Sprint responsible to once again focus on improving its network and try to become a stronger rival to T-Mobile, AT&T, and Verizon.
T-Mobile surpassed Sprint two years ago to become the nation's third-largest wireless carrier by customers and has since built out one of the strongest and fastest wireless networks available.
