T-Mobile US Inc Capital Markets Day Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: John Hodulik - UBS - Analyst : Great. Thank you. John Hodulik from UBS, a couple follow up questions on the fiber to the home strategy. The cable companies obviously saw some dilution when they started with their wireless MB and OS and, and Peter from the guidance you gave on '25. It sounds like there's a, a bit of dilution as you pursue these transformative strategies. Is there any way you could sort of bracket that for us and get the kind of spending that we should expect on that in '25? I realize it's not in the guidance but I guess it's affect, it appears to be affecting the '25 EBITDA growth. And then how should we think of that business longer term, both in terms of sort of penetration of that $12 million to $15 million homes and maybe the longer term margins of that business?

Question: John Hodulik - UBS - Analyst : Thanks. I'll follow up on the fiber topic and I wondered how should we expect in the next couple of years? Your fiber joint ventures, I guess this is for Peter to contribute to your consolidated financials and specifically your PNL. And then looking out further, is there any reason we shouldn't imagine some or all that $20 billion going towards buying in the balance of those ventures assuming that they succeed as you expect them to should they eventually be wholly consolidated within T-Mobile over many, many years it's a strategic question, not a 2027 question. And then as a related aside, if anybody would comment on frontier, it's about the size of that $20 billion bucket and obviously in the same strategic zip code you've discussed today, we'd love to know how you assessed that asset. Thank you.