T-Mobile Stock: A Solid Investment for the Future
Unlike many other companies, T-Mobile US (NASDAQ: TMUS) had a successful year in 2022. While the S&P 500 index dropped roughly 20%, T-Mobile's stock increased 20%, attracting investors with its strong subscriber growth and positive outlook for its 5G plans.
However, in 2023, T-Mobile's stock has declined 5% year to date, while the S&P 500 index has increased 10%. Has T-Mobile lost its mojo, or is this an opportune time to buy? Here's what is holding the stock back in 2023 and why it is still a long-term buy.
T-Mobile had several motives for acquiring Sprint in 2020. First, the merger provided T-Mobile access to Sprint's 5G spectrum assets, a vital resource to build and maintain a high-quality network.
Source Fool.com
