T-Mobile's story is unusual because the failed AT&T acquisition in 2011 gave the company resources and urgency, while the Sprint merger gave it the mid-band spectrum needed for 5G leadership. The company turned challenger branding into scaled telecom economics. The company is headquartered in Bellevue, Washington.
T-Mobile earns most of its money from recurring monthly wireless service: postpaid phone and multi-line plans, prepaid brands such as Metro by T-Mobile and Mint Mobile, and wholesale access sold to MVNOs. Service revenue was $71.3 billion of its $88.3 billion 2025 total; the rest comes mainly from device sales and installment financing. The same 5G network also carries 5G Home Internet (fixed wireless access), business and government connections, and IoT traffic, while fiber joint ventures with Lumos and Metronet add wired broadband. Spectrum depth lets T-Mobile sell more capacity on towers it has already built, which is why fixed wireless and business lines add revenue without a separate network.