The Un-carrier’s Differentiated Growth Strategy Drives Industry-Best Growth of   6.4 Million Postpaid Customers and Establishes T-Mobile as America’s Fastest Growing Broadband Provider 

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Industry-Leading and Record High Postpaid and Broadband Customer Growth in 2022

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Postpaid net account additions of 314 thousand in Q4 2022 — 1.4 million in 2022, record high(1)

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<li>Postpaid net account additions of 314 thousand in Q4 2022 — 1.4 million in 2022, record high(1)</li>

Postpaid net customer additions of 1.8 million in Q4 2022 — 6.4 million in 2022, exceeded guidance

<li>Postpaid net customer additions of 1.8 million in Q4 2022 — 6.4 million in 2022, exceeded guidance</li>

Postpaid phone net customer additions of 927 thousand in Q4 2022 — 3.1 million in 2022, only operator to grow year-over-year(1)

<li>Postpaid phone net customer additions of 927 thousand in Q4 2022 — 3.1 million in 2022, only operator to grow year-over-year(1)</li>

Postpaid phone churn of 0.92% in Q4 2022 — 0.88% in 2022, record low, only operator to improve

<li>Postpaid phone churn of 0.92% in Q4 2022 — 0.88% in 2022, record low, only operator to improve</li>

High Speed Internet net customer additions of 524 thousand in Q4 2022 — 2.0 million in 2022, industry-best

<li>High Speed Internet net customer additions of 524 thousand in Q4 2022 — 2.0 million in 2022, industry-best</li>

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Differentiated Growth Model Unlocks Strong Financial Results and Accelerates Shareholder Returns in 2022

Service revenues of $15.5 billion in Q4 2022 — $61.3 billion in 2022, record high

<li>Service revenues of $15.5 billion in Q4 2022 — $61.3 billion in 2022, record high</li>

Postpaid service revenues of $11.7 billion in Q4 2022 — $45.9 billion in 2022, industry-leading growth of 8%

<li>Postpaid service revenues of $11.7 billion in Q4 2022 — $45.9 billion in 2022, industry-leading growth of 8%</li>

Net income of $1.5 billion in Q4 2022 — $2.6 billion in 2022, which included merger-related costs, decreased 14%

<li>Net income of $1.5 billion in Q4 2022 — $2.6 billion in 2022, which included merger-related costs, decreased 14%</li>

Core Adjusted EBITDA(2) of $6.6 billion in Q4 2022 — $26.4 billion in 2022, industry-leading growth of 12% and at high end of guidance

<li>Core Adjusted EBITDA(2) of $6.6 billion in Q4 2022 — $26.4 billion in 2022, industry-leading growth of 12% and at high end of guidance</li>

Net cash provided by operating activities of $4.3 billion in Q4 2022 — $16.8 billion in 2022, industry-leading growth of 21%, exceeded guidance

<li>Net cash provided by operating activities of $4.3 billion in Q4 2022 — $16.8 billion in 2022, industry-leading growth of 21%, exceeded guidance</li>

Free Cash Flow(2) of $2.2 billion in Q4 2022 — $7.7 billion in 2022, industry-leading growth of 36%, exceeded guidance

<li>Free Cash Flow(2) of $2.2 billion in Q4 2022 — $7.7 billion in 2022, industry-leading growth of 36%, exceeded guidance</li>

Repurchased 21.4 million shares of common stock in 2022 for $3.0 billion

<li>Repurchased 21.4 million shares of common stock in 2022 for $3.0 billion</li>

Independent Third Party Experts Crown T-Mobile the New Overall Network Leader While Extending 5G Lead

T-Mobile’s overall network performance swept the competition for the first time according to Ookla

<li>T-Mobile’s overall network performance swept the competition for the first time according to Ookla</li>

Doing Good — The Un-carrier Way — Ranked Top 20 on America’s Most JUST Companies in 2023

Committed to net-zero target by 2040, first in US wireless industry, and signed The Climate Pledge

<li>Committed to net-zero target by 2040, first in US wireless industry, and signed The Climate Pledge</li>

Project 10Million connected more than 5.3 million students, more than halfway toward achieving its goal

<li>Project 10Million connected more than 5.3 million students, more than halfway toward achieving its goal</li>

Strong 2023 Outlook Driven by Continued Profitable Customer Growth and Merger Synergies

Core Adjusted EBITDA(2) is expected to grow 10% at mid-point

<li>Core Adjusted EBITDA(2) is expected to grow 10% at mid-point</li>

Net cash provided by operating activities is expected to grow 8% at mid-point and Free Cash Flow(2) is expected to grow approximately 75% at mid-point

<li>Net cash provided by operating activities is expected to grow 8% at mid-point and Free Cash Flow(2) is expected to grow approximately 75% at mid-point</li>

Bellevue, WA — February 1, 2023 — T-Mobile US, Inc. (NASDAQ: TMUS) reported fourth quarter and full-year 2022 results today, delivering industry-leading postpaid service revenue and cash flow growth in 2022, enabling the Un-carrier to begin shareholder returns earlier than planned. T-Mobile further extended its fame for value while translating its 5G lead into overall network leadership for the first time, resulting in the company’s lowest ever annual postpaid phone churn along with industry-best and record high postpaid account, postpaid customer and broadband customer growth in 2022.

"With record postpaid account and customer net adds that translated into industry-leading postpaid service revenue and cash flow growth, T-Mobile absolutely smashed 2022 by once again focusing on putting customers first,” said Mike Sievert, CEO of T-Mobile. “In true Un-carrier fashion, we have no plans to slow down in 2023. Now that we are being recognized as not only the 5G leader but the clear overall network leader in the U.S., our differentiated and sustainable growth strategy is opening up even bigger pathways for our future!"

Industry-Leading and Record High Postpaid Account, Postpaid Customer and Broadband Growth in 2022(1)

Postpaid net account additions were 314 thousand in Q4 2022 and reached a record 1.4 million for 2022.

<li>Postpaid net account additions were 314 thousand in Q4 2022 and reached a record 1.4 million for 2022.</li>

Postpaid net customer additions were 1.8 million in Q4 2022 and reached a record 6.4 million for 2022, above the high end of the company’s most recently increased annual guidance range of 6.2 to 6.4 million.

<li>Postpaid net customer additions were 1.8 million in Q4 2022 and reached a record 6.4 million for 2022, above the high end of the company’s most recently increased annual guidance range of 6.2 to 6.4 million.</li>

Postpaid phone net customer additions were 927 thousand in Q4 2022 and 3.1 million for 2022. Postpaid phone churn in Q4 2022 of 0.92% improved 18 basis points year-over-year, and 2022 churn of 0.88% improved 10 basis points year-over-year.

<li>Postpaid phone net customer additions were 927 thousand in Q4 2022 and 3.1 million for 2022. Postpaid phone churn in Q4 2022 of 0.92% improved 18 basis points year-over-year, and 2022 churn of 0.88% improved 10 basis points year-over-year.</li>

Prepaid net customer additions were 25 thousand in Q4 2022 and 338 thousand for 2022. Prepaid churn was 2.93% in Q4 2022, and 2022 churn of 2.77% was the lowest in company history.

<li>Prepaid net customer additions were 25 thousand in Q4 2022 and 338 thousand for 2022. Prepaid churn was 2.93% in Q4 2022, and 2022 churn of 2.77% was the lowest in company history.</li>

High Speed Internet net customer additions were 524 thousand in Q4 2022 and 2.0 million for 2022. T-Mobile ended the year with 2.6 million High Speed Internet customers.

<li>High Speed Internet net customer additions were 524 thousand in Q4 2022 and 2.0 million for 2022. T-Mobile ended the year with 2.6 million High Speed Internet customers.</li>

Total net customer additions were 1.8 million in Q4 2022 and reached a record 6.8 million for 2022. The total customer count increased to a record high of 113.6 million.

<li>Total net customer additions were 1.8 million in Q4 2022 and reached a record 6.8 million for 2022. The total customer count increased to a record high of 113.6 million.</li>

Strong Financial Results

Total service revenues increased 4% year-over-year to $15.5 billion in Q4 2022 and 5% year-over-year to $61.3 billion in 2022, which included Postpaid service revenue growth of 7% year-over-year in Q4 2022 and 8% growth year-over-year in 2022.

<li>Total service revenues increased 4% year-over-year to $15.5 billion in Q4 2022 and 5% year-over-year to $61.3 billion in 2022, which included Postpaid service revenue growth of 7% year-over-year in Q4 2022 and 8% growth year-over-year in 2022.</li>

Net income increased 250% year-over-year to $1.5 billion in Q4 2022 and decreased 14% year-over-year to $2.6 billion in 2022, which included, net of tax, merger-related costs of $3.7 billion and loss associated with the anticipated sale of the wireline business of $815 million. Diluted EPS increased year-over-year to $1.18 per share in Q4 2022 and decreased year-over-year to $2.06 per share in 2022.

<li>Net income increased 250% year-over-year to $1.5 billion in Q4 2022 and decreased 14% year-over-year to $2.6 billion in 2022, which included, net of tax, merger-related costs of $3.7 billion and loss associated with the anticipated sale of the wireline business of $815 million. Diluted EPS increased year-over-year to $1.18 per share in Q4 2022 and decreased year-over-year to $2.06 per share in 2022.</li>

Core Adjusted EBITDA increased 16% year-over-year to $6.6 billion in Q4 2022 and increased 12% year-over-year to $26.4 billion in 2022, primarily due to Service revenue growth and increased synergy realization.

<li>Core Adjusted EBITDA increased 16% year-over-year to $6.6 billion in Q4 2022 and increased 12% year-over-year to $26.4 billion in 2022, primarily due to Service revenue growth and increased synergy realization.</li>

Net cash provided by operating activities increased 45% year-over-year to $4.3 billion in Q4 2022 and increased 21% year-over-year to $16.8 billion in 2022, which included cash payments for merger-related costs of $622 million in Q4 2022 and $3.4 billion in 2022.

<li>Net cash provided by operating activities increased 45% year-over-year to $4.3 billion in Q4 2022 and increased 21% year-over-year to $16.8 billion in 2022, which included cash payments for merger-related costs of $622 million in Q4 2022 and $3.4 billion in 2022.</li>

Cash purchases of property and equipment, including capitalized interest, increased 16% year-over-year to $3.4 billion in Q4 2022 and increased 13% year-over-year to $14.0 billion in 2022 driven by the accelerated build-out of the nationwide 5G network.

<li>Cash purchases of property and equipment, including capitalized interest, increased 16% year-over-year to $3.4 billion in Q4 2022 and increased 13% year-over-year to $14.0 billion in 2022 driven by the accelerated build-out of the nationwide 5G network.</li>

Free Cash Flow increased 96% year-over-year to $2.2 billion in Q4 2022 and increased 36% year-over-year to $7.7 billion in 2022, which included cash payments for merger-related costs of $622 million in Q4 2022 and $3.4 billion in 2022.

<li>Free Cash Flow increased 96% year-over-year to $2.2 billion in Q4 2022 and increased 36% year-over-year to $7.7 billion in 2022, which included cash payments for merger-related costs of $622 million in Q4 2022 and $3.4 billion in 2022.</li>

Common stock repurchases of 16.5 million shares for $2.3 billion in Q4 2022 and 21.4 million shares for $3.0 billion in 2022, with remaining authorization of up to $11.0 billion through the end of September 2023.

<li>Common stock repurchases of 16.5 million shares for $2.3 billion in Q4 2022 and 21.4 million shares for $3.0 billion in 2022, with remaining authorization of up to $11.0 billion through the end of September 2023.</li>

Independent Third Party Experts Crown T-Mobile the New Overall Network Leader While Extending 5G Lead

T-Mobile is the leader in 5G with the country’s largest, fastest, most reliable and most awarded 5G network. The company’s 5G network covers 325 million people (98% of Americans), and its super-fast Ultra Capacity 5G covers 265 million people nationwide. Approximately 60% of T-Mobile’s postpaid customers have a 5G phone and approximately two-thirds of all traffic is on 5G.

Furthermore, the Un-carrier’s 5G network leadership is translating into overall network leadership as noted by multiple third parties. For the first time, T-Mobile takes the crown as the overall network leader in America:

Ookla: In its Q4 Speedtest Global Index Market Analysis of mobile providers, T-Mobile’s overall network performance swept the competition and placed first in all categories while its 5G network repeated major wins:<ul><li>Overall Network Performance: Fastest mobile operator in the US, lowest multi-server latency, most consistent network, best place to stream video</li></ul>

<li>Ookla: In its Q4 Speedtest Global Index Market Analysis of mobile providers, T-Mobile’s overall network performance swept the competition and placed first in all categories while its 5G network repeated major wins:<ul><li>Overall Network Performance: Fastest mobile operator in the US, lowest multi-server latency, most consistent network, best place to stream video</li></ul></li>

Opensignal: T-Mobile secured major wins on overall network, winning seven of eight awards across experience (including video, games, voice and speeds) and consistency.

<li>Opensignal: T-Mobile secured major wins on overall network, winning seven of eight awards across experience (including video, games, voice and speeds) and consistency.</li>

umlaut: In its latest 5G Network Performance Audit Report, T-Mobile was once again named as the most reliable 5G network in the country with the best coverage, stability and speeds.

<li>umlaut: In its latest 5G Network Performance Audit Report, T-Mobile was once again named as the most reliable 5G network in the country with the best coverage, stability and speeds. </li>

Accelerated Integration Progress Positions T-Mobile to Approach Full Run-Rate Merger Synergies in 2023

T-Mobile achieved a huge milestone by substantially completing the network decommissioning in Q3 2022, less than 2.5 years post-merger closing, and more than a year ahead of the original merger plan. The company expects to substantially complete its integration by the end of 2023.

T-Mobile realized approximately $6.0 billion in Merger synergies in 2022, with $2.5 billion of selling, general and administrative (SG&A) expense reductions and $2.2 billion of cost of services expense reductions, which increased cash flows while funding growth initiatives and network build, and $1.3 billion in avoided network build costs.

The company incurred Merger-related costs of $592 million in Q4 2022 and $5.0 billion in 2022. Net of taxes, Merger-related costs were $444 million, or $0.36 per share, in Q4 2022 and $3.7 billion, or $2.97 per share, in 2022. Cash payments for merger-related costs were $622 million in Q4 2022 and $3.4 billion in 2022.

Doing Good — The Un-carrier Way — Industry Leader in Building a More Connected and Sustainable Future

T-Mobile continues to stay true to its commitment to use its network, scale and resources for good, building a more connected, equitable and sustainable future:

The Un-carrier recently announced its most ambitious sustainability goal yet — to achieve net-zero emissions across the company’s entire carbon footprint by 2040, making T-Mobile the first U.S. wireless carrier to set a net-zero target that has been validated by the Science Based Targets initiative.

<li>The Un-carrier recently announced its most ambitious sustainability goal yet — to achieve net-zero emissions across the company’s entire carbon footprint by 2040, making T-Mobile the first U.S. wireless carrier to set a net-zero target that has been validated by the Science Based Targets initiative.</li>

Since launching Project 10Million in 2020, T-Mobile has focused on bringing critical connectivity to underserved students nationwide. Through the end of 2022, T-Mobile has provided $4.8 billion in services to connect more than 5.3 million students across the US.

<li>Since launching Project 10Million in 2020, T-Mobile has focused on bringing critical connectivity to underserved students nationwide. Through the end of 2022, T-Mobile has provided $4.8 billion in services to connect more than 5.3 million students across the US.</li>

T-Mobile received multiple recognitions in the fourth quarter:

<li>T-Mobile received multiple recognitions in the fourth quarter:</li>

Postpaid net customer additions are expected to be between 5.0 million and 5.5 million, expected to lead the industry for the 9th consecutive year.

<li>Postpaid net customer additions are expected to be between 5.0 million and 5.5 million, expected to lead the industry for the 9th consecutive year.</li>

Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $28.7 billion and $29.2 billion, up 10% year-over-year at the mid-point.

<li>Core Adjusted EBITDA, which is Adjusted EBITDA less lease revenues, is expected to be between $28.7 billion and $29.2 billion, up 10% year-over-year at the mid-point.</li>

Merger synergies are expected to be between $7.2 billion and $7.5 billion, including $2.5 billion to $2.7 billion of SG&A expense reductions, $3.1 billion to $3.2 billion of cost of service expense reductions and approximately $1.6 billion in avoided network build costs.

<li>Merger synergies are expected to be between $7.2 billion and $7.5 billion, including $2.5 billion to $2.7 billion of SG&A expense reductions, $3.1 billion to $3.2 billion of cost of service expense reductions and approximately $1.6 billion in avoided network build costs.</li>

Merger-related costs are expected to be approximately $1.0 billion before taxes. These costs are excluded from Core Adjusted EBITDA but will impact Net income, Net cash provided by operating activities and Free Cash Flow.

<li>Merger-related costs are expected to be approximately $1.0 billion before taxes. These costs are excluded from Core Adjusted EBITDA but will impact Net income, Net cash provided by operating activities and Free Cash Flow.</li>

Net cash provided by operating activities, including payments for Merger-related costs, is expected to be between $17.8 billion and $18.3 billion, up 8% year-over-year at the mid-point.

<li>Net cash provided by operating activities, including payments for Merger-related costs, is expected to be between $17.8 billion and $18.3 billion, up 8% year-over-year at the mid-point.</li>

Cash purchases of property and equipment, including capitalized interest, are expected to be between $9.4 billion and $9.7 billion.

<li>Cash purchases of property and equipment, including capitalized interest, are expected to be between $9.4 billion and $9.7 billion.</li>

Free Cash Flow, including payments for Merger-related costs, is expected to be between $13.1 billion and $13.6 billion, up approximately 75% year-over-year at the mid-point. Free Cash Flow guidance does not assume any material net cash inflows from securitization.

<li>Free Cash Flow, including payments for Merger-related costs, is expected to be between $13.1 billion and $13.6 billion, up approximately 75% year-over-year at the mid-point. Free Cash Flow guidance does not assume any material net cash inflows from securitization.</li>

Financial Results

For more details on T-Mobile’s Q4 2022 and full-year 2022 financial results, including the Investor Factbook with detailed financial tables, please visit T-Mobile US, Inc.’s Investor Relations website at <a href="https://investor.t-mobile.com" target="_blank" rel="noreferrer noopener">https://investor.t-mobile.com</a>.

Earnings Call Information

Wednesday, February 1, 2023, at 8:00 a.m. (ET)

<li>Wednesday, February 1, 2023, at 8:00 a.m. (ET)</li>

Access via Phone (audio only)

Please plan on accessing the call 10 minutes prior to the scheduled start time.

The earnings call will be broadcasted live and can be replayed via the Investor Relations website at <a href="https://investor.t-mobile.com" target="_blank" rel="noreferrer noopener">https://investor.t-mobile.com</a>.

Submit Questions via Twitter

Send a tweet to @TMobileIR or @MikeSievert using $TMUS

Contact Information

Media Relations: <a href="mailto:mediarelations@t-mobile.com" target="_blank" rel="noreferrer noopener">mediarelations@t-mobile.com</a>

<li>Media Relations: <a href="mailto:mediarelations@t-mobile.com" target="_blank" rel="noreferrer noopener">mediarelations@t-mobile.com</a> </li>

Investor Relations: <a href="mailto:investor.relations@t-mobile.com" target="_blank" rel="noreferrer noopener">investor.relations@t-mobile.com</a>

<li>Investor Relations: <a href="mailto:investor.relations@t-mobile.com" target="_blank" rel="noreferrer noopener">investor.relations@t-mobile.com</a> </li>

T-Mobile Social Media

Investors and others should note that we announce material financial and operational information to our investors using our investor relations website (<a href="https://investor.t-mobile.com" target="_blank" rel="noreferrer noopener">https://investor.t-mobile.com</a>), newsroom website (<a href="https://t-mobile.com/news" target="_blank" rel="noreferrer noopener">https://t-mobile.com/news</a>), press releases, SEC filings and public conference calls and webcasts. We also intend to use certain social media accounts as a means of disclosing information about us and our services and for complying with our disclosure obligations under Regulation FD (the @TMobileIR Twitter account (<a href="https://twitter.com/TMobileIR" target="_blank" rel="noreferrer noopener">https://twitter.com/TMobileIR</a>), the @MikeSievert Twitter account (<a href="https://twitter.com/MikeSievert" target="_blank" rel="noreferrer noopener">https://twitter.com/MikeSievert</a>), which Mr. Sievert also uses as a means for personal communications and observations, and the @TMobileCFO Twitter Account (<a href="https://twitter.com/tmobilecfo" target="_blank" rel="noreferrer noopener">https://twitter.com/tmobilecfo</a>), and our CFO’s LinkedIn account (<a href="https://www.linkedin.com/in/peter-osvaldik-3887394" target="_blank" rel="noreferrer noopener">https://www.linkedin.com/in/peter-osvaldik-3887394</a>), both of which Mr. Osvaldik also uses as a means for personal communication and observations). The information we post through these social media channels may be deemed material. Accordingly, investors should monitor these social media channels in addition to following our press releases, SEC filings and public conference calls and webcasts. The social media channels that we intend to use as a means of disclosing the information described above may be updated from time to time as listed on our investor relations website.

About T-Mobile US, Inc.

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="https://www.t-mobile.com" target="_blank" rel="noreferrer noopener">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, including information concerning T-Mobile US, Inc.’s future results of operations, 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, including unexpected delays, difficulties, and expenses in executing against our environmental, climate, or other “Environmental, Social, and Governance (ESG)” targets, goals and commitments outlined in this document, including, but not limited to, our efforts to reduce our greenhouse gas emissions, as well as changes in laws or regulations affecting us, such as changes in cybersecurity, data privacy, environmental, safety and health laws, and other risks as disclosed in our most recent annual report on Form 10-K, 10-Q and other filings with the Securities and Exchange Commission (the “SEC”). Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. T-Mobile does not undertake, and expressly disclaims any duty, to update any statements contained herein, whether as a result of new information, new developments, or otherwise, except to the extent that disclosure may be required by law. In addition, some of the statements contained in this document may rely on third-party information and projections that management believes to be reputable; however, T-Mobile does not independently verify or audit this information.

This document contains ESG-related statements based on hypothetical scenarios and assumptions as well as estimates that are subject to a high level of uncertainty, and these statements should not necessarily be viewed as being representative of current or actual risk or performance, or forecasts of expected risk or performance. In addition, historical, current, and forward-looking environmental and social-related statements may be based on standards for measuring progress that are still developing, and internal controls and processes that continue to evolve. Forward-looking and other statements in this document may also address our corporate responsibility and sustainability progress, plans, and goals, and the inclusion of such statements is not an indication that these contents are necessarily material for the purposes of complying with or reporting pursuant to the U.S. federal securities laws and regulations, even if we use the word “material” or “materiality” in this document in relation to those statements. Website references throughout this document are provided for convenience only, and the content on the referenced websites is not incorporated by reference into this document.

Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties and may cause actual results to differ materially from the forward-looking statements. Important factors that could affect future results and cause those results to differ materially from those expressed in the forward-looking statements include, among others, the following: competition, industry consolidation and changes in the market for wireless communication services and other forms of connectivity; criminal cyberattacks, disruption, data loss or other security breaches; our inability to take advantage of technological developments on a timely basis; our inability to retain or motivate key personnel, hire qualified personnel or maintain our corporate culture; system failures and business disruptions, allowing for unauthorized use of or interference with our network and other systems; the scarcity and cost of additional wireless spectrum, and regulations relating to spectrum use; the difficulties in maintaining multiple billing systems following the Merger (as defined below) and any unanticipated difficulties, disruption, or significant delays in our long-term strategy to convert Sprint’s legacy customers onto T-Mobile’s billing platforms; the impacts of the actions we have taken and conditions we have agreed to in connection with the regulatory proceedings and approvals of the Transactions (as defined below), including the acquisition by DISH Network Corporation (“DISH”) of the prepaid wireless business operated under the Boost Mobile and Sprint prepaid brands (excluding the Assurance brand Lifeline customers and the prepaid wireless customers of Shenandoah Personal Communications Company LLC (“Shentel”) and Swiftel Communications, Inc.), including customer accounts, inventory, contracts, intellectual property and certain other specified assets, and the assumption of certain related liabilities (collectively, the “Prepaid Transaction”), the complaint and proposed final judgment agreed to by us, Deutsche Telekom AG (“DT”), Sprint Corporation, now known as Sprint LLC (“Sprint”), SoftBank Group Corp. (“SoftBank”) and DISH with the U.S. District Court for the District of Columbia, which was approved by the Court on April 1, 2020, the proposed commitments filed with the Secretary of the Federal Communications Commission (“FCC”), which we announced on May 20, 2019, certain national security commitments and undertakings, and any other commitments or undertakings entered into, including but not limited to, those we have made to certain states and nongovernmental organizations (collectively, the “Government Commitments”), and the challenges in satisfying the Government Commitments in the required time frames and the significant cumulative costs incurred in tracking and monitoring compliance over multiple years; adverse economic, political or market conditions in the U.S. and international markets, including changes resulting from increases in inflation or interest rates, supply chain disruption, impacts of current geopolitical instability caused by the war in Ukraine; our inability to manage the ongoing commercial and transition services arrangements entered into in connection with the Prepaid Transaction, and known or unknown liabilities arising in connection therewith; the timing and effects of any future acquisition, divestiture, investment, or merger involving us; any disruption or failure of our third parties (including key suppliers) to provide products or services for the operation of our business; our inability to fully realize the synergy benefits from the merger (the "Merger") with Sprint, pursuant to the Business Combination Agreement with Sprint and the other parties named therein (as amended, the "Business Combination Agreement" and the other transactions contemplated by the Business Combination Agreement (collectively, the "Transactions") in the expected time frame; our substantial level of indebtedness and our inability to service our debt obligations in accordance with their terms or to comply with the restrictive covenants contained therein; changes in the credit market conditions, credit rating downgrades or an inability to access debt markets; restrictive covenants including the agreements governing our indebtedness and other financings; the risk of future material weaknesses we may identify, or any other failure by us to maintain effective internal controls, and the resulting significant costs and reputational damage; any changes in regulations or in the regulatory framework under which we operate; laws and regulations relating to the handling of privacy and data protection; unfavorable outcomes of and increased costs from existing or future regulatory or legal proceedings; our offering of regulated financial services products and exposure to a wide variety of state and federal regulations; new or amended tax laws or regulations or administrative interpretations and judicial decisions affecting the scope or application of tax laws or regulations; our wireless licenses, including those controlled through leasing agreements, are subject to renewal and may be revoked; our exclusive forum provision as provided in our Certificate of Incorporation; interests of DT, our controlling stockholder, that may differ from the interests of other stockholders; future sales of our common stock by DT and SoftBank and our inability to attract additional equity financing outside the United States due to foreign ownership limitations by the FCC; our 2022 Stock Repurchase Program may not be fully consummated, our share repurchase program may not enhance long-term stockholder value and other risks as disclosed in our most recent annual report on Form 10-K, 10-Q and other filings with the SEC. 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.

The Un-carrier’s Differentiated Growth Strategy Drives Industry-Best Growth of  6.4 Million Postpaid Customers and Establishes T-Mobile as America’s Fastest Growing Broadband Provider

T-Mobile Delivers Industry-Leading Customer, Postpaid Service Revenue and Cash Flow Growth in 2022, Setting Up Strong 2023 Outlook - T-Mobile Newsroom

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T-Mobile Newsroom

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The Un-carrier’s Differentiated Growth Strategy Drives Industry-Best Growth of 6.4 Million Postpaid Customers and Establishes T-Mobile as America’s Fastest Growing Broadband Provider

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T-Mobile Delivers Industry-Leading Customer, Postpaid Service Revenue and Cash Flow Growth in 2022, Setting Up Strong 2023 Outlook

The Un-carrier uncovers the industry’s top fraud trends and how to stay protected in its Scam and Robocall Report

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BELLEVUE, Wash. – Feb. 22, 2023

What’s the news: The Un-carrier released its Scam and Robocall Report, sharing that T-Mobile's Scam Shield identified or blocked 41.5 billion scam calls in 20221, a 75% increase from 2021. That’s a whopping 1,317 calls identified or blocked every second.

Why it matters: Scammers and spammers are constantly evolving their attack methods as wireless providers and regulators continue to fight back. Industry wide, Americans lost <a href="https://www.truecaller.com/blog/insights/truecaller-insights-2022-us-spam-scam-report" target="_blank" rel="noreferrer noopener">an estimated $39.5B</a> to phone scams in 2022.

Who it’s for: Anyone looking to better protect themselves and their families against scammers.

1Source: T-Mobile Network Data

T-Mobile (NASDAQ: TMUS) today released its second annual Scam and Robocall Report, sharing new data looking back at 2022 to uncover insights related to scam, spam and robocall activity, as well as underscore how the Un-carrier helps to keep customers protected against these bad actors. “At a time when scammers continue to get more creative and aggressive in their attempts, T-Mobile's Scam Shield and advanced network protect our customers, identifying an average of 3.5 billion calls each month,” said Neville Ray, President of Technology, T-Mobile. “With scammers quickly evolving their tactics, we have to be just as fast at adapting our scam identification technology to fight back and keep customers protected.”

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T-Mobile Scam Shield identified or blocked over 1,300 calls per second in 2022. Source: T-Mobile Network Data.

Scammers are continuously upping their game to find new tactics and targets, with total robocall attempts  up 75% from 2021 to 2022. Scam call volume reached an all-time high in January 2022 due to a surge of caller retries resulting from the introduction of a new <a href="https://calleridreputation.com/blog/call-blocking-notifications-what-are-sip-codes-603-607-and-608/">return code (608</a>) mandated by the Federal Communications Commission. Then, scam call volume declined steadily each month throughout the year, with occasional spikes during seasonal scam surges. Several factors contributed to this decline, including ongoing improvements to scam protection technology like T-Mobile’s Scam Shield, agility by mobile operators to implement new prevention tactics and regulator intervention.

Scam Shield is leading the way in keeping wireless customers safe from scams. In June, Verizon said they blocked 5B robocalls in the first half of the year. In that same period, T-Mobile’s Scam Shield blocked an impressive 25B.

Scammers followed similar patterns from years past, targeting consumers more heavily on weekdays vs. weekends and heavily ramping up activity during the two weeks before Christmas (<a href="https://www.bbb.org/article/scams/20283-scam-alert-dont-be-fooled-by-a-fake-package-delivery-scam">hello package delivery scams!</a>). But even scammers need a break, accounting for why major holidays like Christmas, New Year’s Eve, Easter, and 4th of July saw the lowest scam traffic dropping anywhere from 80-90%.

In 2022, scammers continued to get creative in their approach, often switching tactics and targets seasonally. Source: T-Mobile Network Data.

Vehicle warranty scams dominated the first half of the year, with T-Mobile’s Scam Shield blocking nearly double the amount of scam and robocalls in the front half of the year – averaging 4.2B blocked calls/month – compared to the back half – which averaged 2.7B blocked calls/month. In July, an unprecedented <a href="https://www.fcc.gov/document/fcc-orders-blocking-auto-warranty-robocall-scam-campaign">FCC cease and desist</a> identified eight wireless providers – not T-Mobile – in violation of carrying these calls, which effectively brought vehicle warranty scams to a halt.

Scammers never stay away for long, so as vehicle warranty scams went into hibernation, health and insurance-related scams quickly rose up to take their place. To maximize their profits, these bad actors adapted their tactics to target key moments throughout the year. Back to school? That’s prime time for student loan fraudsters and Amazon scams. Tax season? IRS-related scams reigned supreme.

Scammers hit some states harder than others, with Texas, Missouri, Nevada, South Carolina, and Oklahoma seeing the brunt of it, with victims often targeted by demographic and region. Texas received the highest volume of scam calls with insurance-related tactics targeting the uninsured and other unsuspecting victims. States with high senior populations like South Carolina are also key targets – imposters often <a href="https://www.reviewjournal.com/livewell/5-common-financial-scams-that-target-seniors-2669360/">mask as seniors’ aid staffers going after Medicare</a> and other health-related scams.

Built into the core of the network and free for all customers, T-Mobile’s leading patented Scam Shield technology provides the most powerful defense against scams. It updates protections every six minutes and identifies scam calls before they even reach a customer’s phone. When a threat is detected, customers either receive a “Scam Likely” warning or no disturbance at all by turning on Scam Block in the Scam Shield app or by dialing #662#.

T-Mobile’s powerful suite of protections identified and blocked over 41.5B fraudulent calls in 2022. Source: T-Mobile data.

The industry continues to see a rise in robotexts as a way to deceive unsuspecting victims. As scammers adapt and use new methods, T-Mobile continues to adapt as well, increasing investment in network level robotext protection. 

T-Mobile and Metro by T-Mobile customers can download the Scam Shield app on the App Store or Google Play and have a dashboard at their fingertips for all Scam Shield anti-scam tools.

This report comes from T-Mobile’s analysis of internal Scam Shield data. Scam Shield is available to T-Mobile customers with qualifying service and a capable device. Turning on Scam Block might block calls you want, and Scam Block can be disabled at any time. For more information on Scam Shield, check out <a href="https://www.t-mobile.com/customers/scam-shield">https://www.t-mobile.com/customers/scam-shield</a>. Follow T-Mobile’s Official Twitter Newsroom @TMobileNews to stay up to date with the latest company news.

About T-Mobile 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, Metro by T-Mobile and Sprint. For more information please visit: <a href="https://www.t-mobile.com" target="_blank" rel="noreferrer noopener">https://www.t-mobile.com</a>

Media Contacts T-Mobile US, Inc. Media Relations <a href="mailto:MediaRelations@t-mobile.com">MediaRelations</a>

Investor Relations Contact T-Mobile US, Inc. <a href="mailto:investor.relations@t-mobile.com">investor.relations@t-mobile.com</a> <a href="https://investor.t-mobile.com" target="_blank" rel="noreferrer noopener">https://investor.t-mobile.com</a>

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T-Mobile Report: Customers Protected from More Than 40 Billion Scam Calls in 2022 - T-Mobile Newsroom

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Un-carrier

T-Mobile Report: Customers Protected from More Than 40 Billion Scam Calls in 2022

MLS Season Pass. Every Match. Every Screen. No Blackouts. For All T-Mobile and Metro by T-Mobile customers. On Us.

BELLEVUE, Wash. — Feb. 16, 2023

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What’s the news: Soccer fans, let’s go! T-Mobile customers can soon experience MLS Season Pass on the Apple TV App on Us — the unprecedented subscription service bringing the action and excitement of Major League Soccer to the Apple TV app. MLS Season Pass ($99 annual value) features every live regular-season match, all MLS Cup playoff matches, and the Leagues Cup – all with no blackouts. Available for all T-Mobile and Metro by T-Mobile customers on Us beginning Feb. 21 in the T-Mobile Tuesdays app.

What they’re saying: “T-Mobile customers already get unbeatable value with entertainment benefits like Apple TV+ on Us and now we’re giving them yet another with one year of MLS Season Pass on the Apple TV app on Us,” said Mike Katz, President of Marketing, Innovation and Experience at T-Mobile. “With the Un-carrier, you don’t just get access to the nation’s leading 5G network, you also get some serious value with so much included on top of your wireless plan.”

Who it’s for: T-Mobile and Metro by T-Mobile customers who love soccer.

MLS Season Pass on the Apple TV app on Us will be available in the T-Mobile Tuesdays app starting Feb. 21 for T-Mobile and Metro by T-Mobile customers. To access, T-Mobile customers just need to download the app and sign in with their phone number. For more information on T-Mobile Tuesdays, visit <a href="https://www.t-mobile.com/offers/t-mobile-tuesdays" target="_blank" rel="noreferrer noopener">https://www.t-mobile.com/offers/t-mobile-tuesdays</a>.

With an MLS Season Pass subscription, fans can watch every MLS match on billions of devices through the <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Fsupport.apple.com%2Fguide%2Ftvplus%2Fwelcome%2Fweb&data=05%7C01%7Clucy.donahue%40t-mobile.com%7Cd037f6eac550407178f208db0f9dafb9%7Cbe0f980bdd994b19bd7bbc71a09b026c%7C0%7C0%7C638120942162652879%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=iJ4L0FuaHjBVOw%2F7PHncm0FONlX1EV%2Bb2Bc6O3MPonw%3D&reserved=0">Apple TV app</a> on Apple devices, smart TVs, streaming devices, set-top boxes, and game consoles, as well as on the web at <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftv.apple.com%2F&data=05%7C01%7Clucy.donahue%40t-mobile.com%7Cd037f6eac550407178f208db0f9dafb9%7Cbe0f980bdd994b19bd7bbc71a09b026c%7C0%7C0%7C638120942162652879%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=VfTK4S8HRW2pUeS5wjiYtBd1p39%2FUIkt2Bfae%2FTIo1w%3D&reserved=0">tv.apple.com</a>. Fans can sign up for MLS Season Pass now to enjoy hundreds of hours of on-demand content and tune-in for MLS is Back opening weekend on February 25. For more information about MLS Season Pass, visit <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.com%2Fv3%2F__https%3A%2Fwww.mlssoccer.com%2Fseason-pass%2F__%253B!!BhdT!gDrx52eKiKdSIxrK81kMcpNNsnFCTqikX16zV4MkQHoS1xH3YgTPS9UwrrYD1CmtDlMDqUyp-4iZIu_uIOzs9GMCQw%24&data=05%7C01%7Clucy.donahue%40t-mobile.com%7Cd037f6eac550407178f208db0f9dafb9%7Cbe0f980bdd994b19bd7bbc71a09b026c%7C0%7C0%7C638120942162652879%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=ALHWJHXjOjyxMVJdIn9OIdmur3fyX9tc1%2BA81FyoHx4%3D&reserved=0">https://www.mlssoccer.com/season-pass/</a>.

Follow T-Mobile’s Official Twitter Newsroom <a href="https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Ftwitter.com%2FTMobileNews&data=02%7C01%7CGina.Cohen3%40T-Mobile.com%7C99a364c68ae74ac2a38508d7a6aa2b95%7Cbe0f980bdd994b19bd7bbc71a09b026c%7C0%7C0%7C637161122116110118&sdata=EmvFbas31iO9vDTPE5udP5OqKFD%2FYropl5DHQhnsqaE%3D&reserved=0">@TMobileNews</a> to stay up to date with the latest company news.

T‑Mobile Delivers Industry‑Leading Customer, Postpaid Service Revenue and Cash Flow Growth in 2022, Setting Up Strong 2023 Outlook

T‑Mobile Report: Customers Protected from More Than 40 Billion Scam Calls in 2022

T‑Mobile Customers Score MLS Season Pass on the Apple TV App On Us

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