It's Not Too Late to Buy Warren Buffett's Favorite Telecom Stock

Warren Buffett has invested in all three major U.S. wireless carriers, but Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) currently owns just one.

T-Mobile (NASDAQ: TMUS) has outlasted its peers AT (NYSE: T) and (NYSE: VZ) in Buffett's portfolio. Berkshire bought AT in mid-2015, only to turn around and sell it in the next two quarters. It bought Verizon stock a couple of times: once in early 2014, and it completely sold out by the end of 2016. It purchased Verizon stock again at the end of 2020 and early 2021, which the company disposed of about a year later.

But T-Mobile has been a small part of Berkshire's portfolio since mid-2020. And it's still there three years later. There's good reason for Buffett to like T-Mobile, and it's not too late to jump on board and buy shares yourself.

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Source Fool.com