The telecommunications firm Verizon is the leading provider of mobile services in the United States, with a market share of about over 37 percent of wireless subscriptions as of the second quarter of 2024. T-Mobile and AT&T are the other major wireless carriers in the U.S. market. The market share is based on subscription figures reported by the companies in quarterly earnings and financial statements. Mobile virtual network operator (MVNO) subscriptions were not considered for the statistic.
Seismic shift: T-Mobile and Sprint Merger
T-Mobile’s 26.5 billion U.S. dollar acquisition of Sprint Corp. became official on 1st April 2020, a merger that temporarily reduced the number of major wireless providers in the United States. Under the terms of the merger, T-Mobile acquired Sprint’s 33.84 million postpaid subscribers, joining the 47 million T-Mobile postpaid wireless subscribers. DISH Network Corporation acquired Sprint’s prepaid mobile business, Boost Mobile, raising that number to four, satisfying the United States Department of Justice (DOJ) that the market would remain competitive.
T-Mobile is the largest U.S. telco by market cap
As of 2024, T-Mobile had a market capitalization of over 214 billion U.S. dollars, the highest of any U.S. telecommunications company. Beijing-based China Mobile and U.S. giant Verizon trailed, with a market cap of 213 and 178 billion U.S. dollars, respectively. Comcast and AT&T were valued at 160 and 134 billion U.S. dollars, respectively.
Wireless network operator subscriptions market share in the United States from 2011 to 2024, by quarter
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Statista. (August 30, 2024). Wireless network operator subscriptions market share in the United States from 2011 to 2024, by quarter [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/199359/market-share-of-wireless-carriers-in-the-us-by-subscriptions/
Statista. "Wireless network operator subscriptions market share in the United States from 2011 to 2024, by quarter." Chart. August 30, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/199359/market-share-of-wireless-carriers-in-the-us-by-subscriptions/
Statista. (2024). Wireless network operator subscriptions market share in the United States from 2011 to 2024, by quarter. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/199359/market-share-of-wireless-carriers-in-the-us-by-subscriptions/
Statista. "Wireless Network Operator Subscriptions Market Share in The United States from 2011 to 2024, by Quarter." Statista, Statista Inc., 30 Aug 2024, https://www.statista.com/statistics/199359/market-share-of-wireless-carriers-in-the-us-by-subscriptions/
Statista, Wireless network operator subscriptions market share in the United States from 2011 to 2024, by quarter Statista, https://www.statista.com/statistics/199359/market-share-of-wireless-carriers-in-the-us-by-subscriptions/ (last visited November 21, 2024)
Wireless network operator subscriptions market share in the United States from 2011 to 2024, by quarter [Graph], Statista, August 30, 2024. [Online]. Available: https://www.statista.com/statistics/199359/market-share-of-wireless-carriers-in-the-us-by-subscriptions/