13 Best Telecom Stocks to Buy According to Hedge Funds

5. T-Mobile US Inc. (NASDAQ:TMUS)

Number of Hedge Fund Holders: 70

T-Mobile US Inc. (NASDAQ:TMUS) is a wireless communications provider in the US that offers voice, messaging, and data services across postpaid, prepaid, and wholesale channels. With brands like T-Mobile, Metro by T-Mobile, and Mint Mobile, the company delivers smartphones, devices, and high-speed internet with the help of its extensive network and retail presence.

In Q3 2024, the company reported industry-leading postpaid net account additions of 315,000 and postpaid net customer additions of 1.6 million. Postpaid phone net customer additions reached 865,000, which marked the company’s best Q3 in a decade. The company is also rapidly expanding its broadband customer base, which reached 6 million customers within three years, with aims for 12 million by 2028. This growth is driven by the company’s robust 5G network.

The company is innovating with satellite-based mobile services and launching T-Mobile Starlink in partnership with Starlink. This service aims to provide connectivity across 500,000 square miles of the US where traditional cell towers are unavailable. Initially supporting text messaging, it will expand to voice calls and data. Its beta is free until July this year, after which it will be available as part of select T-Mobile US Inc. (NASDAQ:TMUS) plans or as a $15 monthly subscription.