Reaves Fund Flags T-Mobile Sell-Off on Renewed Wireless Competition

Price ActionIndustry
โดย Insider Monkey·US·Read original
Summary · why it matters

Reaves Long Term Value Wrap Strategy reported a 10.55% gain in the second quarter of 2026, outperforming the MSCI USA Infrastructure Index, which fell 6.31%, while cash distributions rose 6.7% from the second quarter of 2025. In its quarterly investor letter, the strategy singled out T-Mobile US as a detractor, citing renewed concerns about competitive intensity in US wireless. The letter said new pricing plans at Verizon and AT&T narrowed T-Mobile's premium gap at retail, while satellite headline risk reached feverish levels around the much-anticipated SpaceX IPO, and it added that it believes Starlink lacks the assets to be disruptive to wireless in the near term but acknowledged the overhang may persist. Rumors that parent company Deutsche Telekom may be interested in consolidating the T-Mobile minority shareholders also pressured the stock, according to the letter. T-Mobile closed at $176.26 per share on September 16, 2026, down 4.90% over the past month and 27.84% over the past year, with a market capitalization of $184.95 billion and a 52-week range of $165.66 to $242.37. The letter also noted that 85 hedge fund portfolios held T-Mobile at the end of the second quarter, unchanged from the previous quarter.

Impact on stocks 5

Cloud & Digital Infrastructure± Mixed · 4 stocks
T-Mobile US Inc
TMUS
▼ NegativeCompetitionCapitalrelevance

Renewed competitive intensity: Verizon and AT&T pricing plans narrowed T-Mobile's premium gap at retail.

AT&T Inc.
T
▲ PositiveCompetitionrelevance

New AT&T pricing plans narrowed T-Mobile's premium gap at retail, a competitive gain for AT&T.

Verizon Communications Inc
VZ
▲ PositiveCompetitionrelevance

Verizon's new pricing plans narrowed T-Mobile's premium gap at retail, a competitive gain for Verizon.

Deutsche Telekom AG
DTE
± MixedCapitalrelevance

Rumors that Deutsche Telekom may be interested in consolidating T-Mobile minority shareholders; impact on DT itself unclear.

Space Economy▲ · 1 stocks
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