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Three IG ratings lead to full IG rating that reflects confidence in the Un-carrier’s strong operational and financial performance and customer-first focus

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BELLEVUE, Wash. – T-Mobile US, Inc. (NASDAQ: TMUS) today announced that following an investment grade issuer rating from S&P Global Ratings (S&P) – the third it has received from credit rating agencies – the company now has its first-ever full investment grade rating.  <a href="https://disclosure.spglobal.com/ratings/en/regulatory/article/-/view/type/HTML/id/2876020" target="_blank" rel="noreferrer noopener">S&P</a> has assigned the Company a BBB- with positive outlook. This follows the company securing a Baa3 rating with a stable outlook from <a href="https://www.moodys.com/research/Moodys-upgrades-T-Mobile-to-Baa3-outlook-stable--PR_468077" target="_blank" rel="noreferrer noopener">Moody’s</a> and a BBB- rating with a positive outlook from <a href="https://www.fitchratings.com/research/corporate-finance/fitch-revises-outlook-of-t-mobile-to-positive-affirms-rating-at-bbb-27-05-2022" target="_blank" rel="noreferrer noopener">Fitch</a>.

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This full investment grade rating comes as a result of T-Mobile’s successful operational and financial performance, which is consistently demonstrated through strong subscriber growth and the company’s ability to translate that into increasing free cash flow. 

“Achieving a full investment grade rating is an important milestone for T-Mobile that reflects the leading credit rating agencies’ positive outlook on our Un-carrier leadership strategy that is rooted in an unwavering focus on putting customers first,” said Peter Osvaldik, T-Mobile chief financial officer. “This ‘clean sweep’ in upgrades provides T-Mobile with the ability to unlock full access to the deep investment grade debt markets, which will further fuel our growth and momentum toward our mission of being the very best at connecting customers to their world.” 

T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information please visit: <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fcts.businesswire.com%2Fct%2FCT%3Fid%3Dsmartlink%26url%3Dhttps%253A%252F%252Fwww.t-mobile.com%252F%26esheet%3D52792952%26newsitemid%3D20220726006175%26lan%3Den-US%26anchor%3Dhttps%253A%252F%252Fwww.t-mobile.com%26index%3D8%26md5%3D8956a0d6ceac9df39c8a40a500ee2ccc&data=05%7C01%7CTimothy.Amoui1%40T-Mobile.com%7C88ef58c758fa42006c6e08da76644129%7Cbe0f980bdd994b19bd7bbc71a09b026c%7C0%7C0%7C637952470207272488%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=mfwoT2swr7xYl8BjR6PHqgqvUJwabW02oTWywO9Dtqg%3D&reserved=0">https://www.t-mobile.com</a>.

Forward-Looking Statements

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include those related to the Company’s operational and financial performance and the Company’s ability to access investment grade debt markets. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.

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T-Mobile Secures First-Ever Full Investment Grade Rating

We are saddened to see the devastation caused by the McKinney Fire in northern California near the Oregon border. As the fire causes overwhelming damage, T-Mobile is closely monitoring the situation, working with relief agencies and taking steps to provide support to customers and communities.

T-Mobile teams have deployed to two emergency shelters: Weed Community Center in Weed, CA and The Church of Jesus Christ of Latter-day Saints in Ashland, OR. Teams set up emergency response vehicles equipped with activated devices, chargers, charging cables, free Wi-Fi and charging stations.

We know that connectivity is of utmost importance during critical times such as this. Our network is functioning normally with no impacts, and we have engineers continuing to assess and monitor equipment.

Plus, customers have unlimited talk, text and data with 5G included at no additional cost on T-Mobile’s Magenta, ONE or Simple Choice plans; customers on Sprint’s unlimited plans (including Sprint Essentials, Sprint ONE and Sprint MAX); and customers on Metro by T-Mobile unlimited plans. All customers, including T-Mobile, Sprint, Metro by T-Mobile and Assurance Wireless, who have questions about their service or need other assistance can reach out to us :

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During congestion, heavy data users (>50GB/mo. for most plans) and customers choosing lower-prioritized plans may notice lower speeds than other customers; see plan for details. 5G: Capable device required; coverage not available in some areas. Some uses may require certain plan or feature; see T-Mobile.com.

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BELLEVUE, Wash. — Peter Osvaldik, executive vice president & chief financial officer of T-Mobile US, Inc. (NASDAQ: <a href="http://www.t-mobile.com/">TMUS</a>), will present and provide a business update on Tuesday, August 9, 2022 at 11:35 a.m. Eastern Daylight Time (EDT) at <a>the Oppenheimer 25th Annual Technology, Internet & Communications Conference</a>.

A live webcast of the event will be available on the Company’s Investor Relations website at <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestor.t-mobile.com&esheet=51182596&newsitemid=20150916006476&lan=en-US&anchor=http%3A%2F%2Finvestor.t-mobile.com&index=1&md5=92c707b297b8105df820a162541b66a8">http://investor.t-mobile.com</a>.  An on-demand replay will be available shortly after the conclusion of the presentation.

To automatically receive T-Mobile financial news by e-mail, please visit the T-Mobile Investor Relations website, <a href="http://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Finvestor.t-mobile.com&esheet=51182596&newsitemid=20150916006476&lan=en-US&anchor=http%3A%2F%2Finvestor.t-mobile.com&index=2&md5=666e7cbd95a16eb5b562778c6f363746">http://investor.t-mobile.com</a>, and subscribe to E-mail Alerts.

T-Mobile US, Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information please visit: <a href="http://www.t-mobile.com">http://www.t-mobile.com</a>

Investor Contact: <a href="mailto:investor.relations@t-mobile.com">investor.relations@t-mobile.com</a>

BELLEVUE, Wash. — Peter Osvaldik, executive vice president & chief financial officer of T-Mobile US, Inc. (NASDAQ: TMUS), will present and provide a

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