If You Invested $10,000 in T-Mobile Stock in 2013, This Is How Much You Would Have Today
Many investors see T-Mobile US (NASDAQ: TMUS) as the upstart wireless company seeking to compete with tech giants. So does T-Mobile management. As low prices and acquisitions helped the company gain market share with customers over the past decade, T-Mobile stock became increasingly popular with investors.
That popularity among users and shareholders helped the telecom stock produce market-beating returns since its initial public offering (IPO) over 10 years ago. Even with its strong gains, there is still a sense that T-Mobile has further growth potential to tap into thanks to an approach that positions the company well relative to its main rivals. Let me explain.
Now chairman of Trilogy Partnerships, a private equity fund, John Stanton founded T-Mobile back in 1994 and called it VoiceStream Wireless at the time. It took the T-Mobile name when Deutsche Telekom bought a plurality stake in the company in 2002. However, it was not directly available to average investors as a stock until T-Mobile bought MetroPCS in April 2013. MetroPCS was public at that time, and through a reverse takeover, the combined company launched an IPO on May 1, 2013.
Source Fool.com
