T-Mobile US, Inc. TMUS

The Federal Communications Commission announced Wednesday that it plans to bring more than 1,000 MHz of additional spectrum to market.

The spat between SpaceX CEO Elon Musk and Delta Air Lines CEO Ed Bastian is escalating. Delta passed on Starlink in the spring, opting for Amazon.com’s space-based broadband product, called Amazon Leo. Delta now uses T-Mobile, with the help of Viasat, and will roll out Leo in 2028.

T-Mobile US has seen a mixed share price story, with the stock giving back ground over the past year after a longer multi year climb. That puts fresh focus on whether the current valuation is still supported by its earnings power. With new telecom partnerships and shareholder return decisions in the headlines, the question now is what investors are really paying for in those earnings at today’s price. Over the past 5 years, T-Mobile US has returned 37.6%, which makes it important to ask...