T-Mobile US
32 named things its latest annual report says its results depend on, each in the company's own words. 18 of them are also named by other companies we've read.
Customers
Postpaid customers
earns from · 81% Postpaid customers81% Postpaid customers;Business (Item 1)
Subprime customers
earns fromnamed as a riskOur services and device financing plans are available to a broad customer base, a significant segment of which may be vulnerable to weak economic conditions, particularly our subprime customers.Risk factors (Item 1A)
Suppliers
Network infrastructure equipment and handset suppliers
depends onnamed as a riskHowever, in certain areas such as billing services, voice, and data communications transport services, wireless or fiber network infrastructure equipment, handsets, other devices, back-office processes, and payment processing, there are a limited number of suppliers that can provide adequate support, which decreases our flexibility to switch to alternative third parties.Risk factors (Item 1A)
Partners and platforms
Fiber broadband joint ventures
named as a riskOperating through joint ventures in which we do not hold a majority or controlling ownership interest results in us having limited control over many decisions made with respect to the businesses of the joint ventures.Risk factors (Item 1A)
Other companies
Comcast Corporation
depends on · between $1.2 billion and $3.4 billionSubsequent to the amendment, the total cash consideration for the transaction is between $1.2 billion and $3.4 billion.Business (Item 1)
Grain Management, LLC
$2.9 billionOn May 30, 2025, we entered into a License and Unit Purchase Agreement with NEWLEVEL IV, L.P. and NEWLEVEL, LLC, both of which are affiliates of Grain Management, LLC (“Grain”), pursuant to which we will sell our 800 MHz spectrum licenses in exchange for cash consideration of $2.9 billion and the receipt of Grain’s 600 MHz spectrum licenses, which we are currently utilizing under lease agreements with Grain.Business (Item 1)
EUR-denominated Senior Notes
exposed to its price · €4.8 billionAs of December 31, 2025, we held €4.8 billion in EUR-denominated Senior Notes, which are subject to foreign currency exchange rate fluctuations.Market risk (Item 7A)
ECA Facilities
depends on · $2.0 billionAs of December 31, 2025, we had drawn $2.0 billion under our ECA Facilities.Market risk (Item 7A)
Deutsche Telekom (DT)
named as a riskDT controls a majority of the voting power of our common stock and therefore we are a “controlled company,” as defined in the NASDAQ Stock Market LLC (“NASDAQ”) listing rules, and we are not subject to NASDAQ requirements that would otherwise require us to have a majority of independent directors, a nominating committee composed solely of independent directors or a compensation committee composed solely of independent directors.Risk factors (Item 1A)
Also named by DOCU
UScellular Wireless Business
named as a riskOur restructuring and integration activities associated with the UScellular Acquisition are expected to occur over the next two years and may involve risks related to network integration and customer migration, including potential service disruptions, delays in transitioning customer accounts and systems, and challenges in maintaining customer experience during the integration period.Risk factors (Item 1A)
Competitors
AT&T Inc.
competes withnamed as a riskWe expect to continue to see intense competition in all market segments from traditional Mobile Network Operators (“MNOs”), such as AT&T and Verizon, who have each invested heavily in spectrum, their wireless networks, and services and device promotions.Risk factors (Item 1A)
Verizon Communications, Inc.
competes withnamed as a riskOur wireless communications services competitors include other carriers, such as AT&T Inc. (“AT&T”) and Verizon Communications, Inc. (“Verizon”).Business (Item 1)
Comcast Corporation
competes withnamed as a riskNumerous other regional MNOs and MVNOs offering wireless services may also compete with us in some markets, including cable providers, such as Comcast, Charter, Cox, and Altice, as they continue to diversify their offerings to include wireless services offered under MVNO agreements.Risk factors (Item 1A)
Charter Communications, Inc.
competes withnamed as a riskIn addition, our wireless communications services competitors include numerous smaller and regional providers, including Charter Communications, Inc., Comcast Corporation, EchoStar Corporation (“EchoStar”), Cox Communications, Inc., and Altice USA, Inc., many of which offer no-contract, postpaid and prepaid service plans.Business (Item 1)
Places
United States
concentrated in · Substantially all of our revenuesSubstantially all of our revenues for the years ended December 31, 2025, 2024 and 2023, were earned in the United States, including Puerto Rico and the U.S. Virgin Islands.Business (Item 1)
Also named by ABBV, ADP, AJG, AMGN, APA, AXGN, AXP, BALL and 139 more
Hazards
August 2021 and January 2023 cyberattacks
named as a riskAs a result of the previously disclosed cyberattacks in August 2021 and January 2023, we incurred significant costs in connection with, among other things, responding to and resolving mass arbitration claims, multiple class action lawsuits, and an FCC investigation.Risk factors (Item 1A)
Commodities and inputs
Wireless spectrum
exposed to its price · 394 MHznamed as a riskThe continued interest in acquiring spectrum by existing carriers and others, including satellite providers and speculators, may reduce our ability to acquire or renew spectrum holdings (such as 600 MHz and 2.5 GHz), and may increase the cost of spectrum made available in the secondary markets and government auctions.Risk factors (Item 1A)
Also named by T
Educational Broadband Service (EBS) 2.5 GHz licenses
depends on · An average of 185 MHz in the 2.5 GHz bandnamed as a riskTherefore, we have historically accessed EBS spectrum primarily through long-term leasing arrangements with EBS license holders.Business (Item 1)
Regulators
Federal Trade Commission (FTC)
subject tonamed as a riskAdditionally, the FTC and other federal and state agencies have asserted that they have jurisdiction over some consumer protection matters, and the elimination and prevention of anticompetitive business practices with respect to the provision of wireless products and services.Risk factors (Item 1A)
Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more
Consumer Financial Protection Bureau
subject tonamed as a riskconsumer complaints and potential examinations or enforcement actions by federal and state regulatory agencies, including, but not limited to, the Consumer Financial Protection Bureau, state attorneys general, the FCC, and the FTC; andRisk factors (Item 1A)
Also named by ABNB, AFRM, ALLY, AN, AUB, AXP, BAC, CASH and 61 more
Federal Communications Commission (FCC)
subject tonamed as a riskThe FCC regulates many key aspects of our business, including licensing, construction, the operation and use of our network, modifications of our network, control and ownership of our licenses and authorizations, the sale, transfer and acquisition of certain licenses, domestic roaming arrangements and interconnection agreements, pursuant to its authority under the Communications Act of 1934, as amended (“Communications Act”).Business (Item 1)
Also named by AIOT, AMT, ANET, ASTS, CCI, CMCSA, DIS, ECHO and 26 more
Committee on Foreign Investment in the United States (CFIUS)
subject tonamed as a riskIn addition, we operate under agreements with U.S. government agencies, including a mitigation agreement with the Committee on Foreign Investment in the United States, under which we are required to implement and maintain certain security measures and practices to address national security.Risk factors (Item 1A)
Laws and programs
FCC foreign ownership limits
subject to · no more than 20%named as a riskIf our foreign ownership by previously unapproved foreign parties were to exceed the permitted level without further FCC authorization, the FCC could subject us to a range of penalties, including an order for us to divest the foreign ownership in part, fines, license revocation or denials of license renewals.Risk factors (Item 1A)
California Consumer Privacy Act (CCPA)
subject tonamed as a riskWe have incurred and will continue to incur significant implementation costs to ensure compliance with the CCPA, new privacy laws in other states, and their related regulations, including managing the complexity of laws that vary from state to state.Risk factors (Item 1A)
Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more
Communications Act of 1934
subject tonamed as a riskHowever, the Communications Act provides that licenses may be revoked for cause and license renewal applications denied if the FCC determines that a renewal would not serve the public interest.Risk factors (Item 1A)
Tariffs and trade restrictions
exposed to its pricenamed as a riskChanges or proposed changes in U.S. or other countries’ trade policies that result in higher tariffs, restrictions, and other economic disincentives to international trade have occurred in the past, and in the future may occur, which may materially increase the costs we incur in developing, deploying and maintaining our network and offering products and services to our customers.Risk factors (Item 1A)
Universal Service Fund
subject tonamed as a riskBecause many of our service plans are tax inclusive, increases in such taxes may adversely impact our business results.Risk factors (Item 1A)
Sprint Merger Government Commitments
subject tonamed as a riskAny failure to fulfill our obligations under the Government Commitments in a timely manner could result in substantial fines, penalties, or other legal and administrative actions, liabilities, and reputational harm.Risk factors (Item 1A)
New York broadband rate-setting law
subject tonamed as a riskFor example, California has passed separate privacy and net neutrality legislation, while many others have passed privacy laws, and New York has passed a broadband rate-setting law.Business (Item 1)
T-Mobile Visa credit card
subject tonamed as a riskThe financing of devices, such as through our EIP, and the offering of co-branded banking products, such as our T-Mobile Money debit card and T-Mobile Visa credit card, impact our regulatory compliance obligations.Risk factors (Item 1A)