Mike Sievert: Okay. Let’s start with the easy one at the end because I think you gave some specific numbers there, Peter. But then if you don’t mind, why don’t you talk about our capital philosophy for next year, and then I’ll hand it to Ulf to talk about how he’s going to spend all that money.
Peter Osvaldik: Very wisely, as he always does. Yes. You’re right, Mike. Q3 was kind of a unique phenomenon, which is why we gave more specific guidance as to the subset of the overall that will be postpaid phone, the approximately $3 million total for the year. And that’s because Q3 in and of itself is kind of that period where we anticipated more of these educational deacts to come through and they did. So I wouldn’t read through Q3’s mix of phone to other, but really take it in the context of what we gave with regards to the $3 million overall for the year. And turning into everybody’s teasing out 2024 guidance from me. But as we hand it over to Ulf to talk about how the investments have been made and how the shift is really into this customer-driven coverage, very data-driven, informed build to make sure that we’re focused on where the best ROI is, where the best customer experience benefits will come, we’ve seen a lot of benefit from that.
The way we’re able to deliver you just saw with 300 million POPs delivered and yet we are the most capital-efficient company in the industry. And so when you turn to 2024, we continue to believe that that’s really the mechanism that’s going to drive capital investment, particularly with regards to the network. And so, I could see us maybe — we gave a 9 to 10 as a range for 2024 previously. I could see us probably being on the lower end of that. We’ll see what transpires in the longer term. But that’s kind of the early read on where we think 2024 could land.
Mike Sievert: Yes. And I want to hand it to Ulf and team and Neville before him. We have really built thanks Ulf to your leadership, a really different approach on how to deploy capital. And it is lean, it’s efficient, it’s planful. And we’re realizing real benefits from that right now. And we can see it in all of our diagnostics, how we’re getting more for less. And so, I’m just really, really proud of that. And maybe we can talk about what the priorities are for 2024. And as a part of that, we can also hit tech life channel at Tech Life 32, congrats on the 300 million. What’s the progress on the new site builds 10-K we had talked about in the merger plan. Will that complete this year? Or will that run into 2024? And tell us about the capital priorities for the network next year.
Ulf Ewaldsson: Yes. Thanks, Mike. And I couldn’t be more delighted that we were able to pull into the station months ahead on this 300 million POP coverage. And as you said, Mike, it’s very much attributed to how we do this. We do this different from other operators in the world. I would say, with our lean just-in-time process, which is focused on lead times and deliveries of precise upgrades where we need them on the ground. And that’s why we were able to pull in on that. We will continue to refine this process. And now it’s becoming with the teams much more of having input from AI, from all the data we have, from the market on precisely what the biggest and best returns on investments are as we continue to build and upgrade the network.
We have a lot of room to run that was said earlier here in terms of putting frequencies to work in our mid-band, the mid-band that actually creates this enormous experience, the Un-carrier — sorry, Ultra Capacity on the phone that you see with the UC. That experience, we will continue to enhance. Let me remind everybody that we got our C-band left and we got 3.45 left, for example. Those will need capital next year, and we’re looking into a precise deployment of those. But we also have more LTE spectrum, as we said earlier, to put at work, more 600 with a current or a newly announced lease with Comcast that we are putting to work as well. But those actually don’t need capital because we have smartly built this network in a way that we can just with commands upgrade the network to make use of those into next year.
So a very effective year in terms of staying very competitive, being staying ahead of others a couple of years as we are on our 5G advantage with capital efficiency.
Mike Sievert: That’s fantastic. And I know every company is being asked, how are you taking advantage of emerging AI technologies and it’s really exciting that this is one of the areas where our business can benefit because the team has already begun making capital deployment decisions, as Ulf just said, based on an AI analysis of network usage and how it correlates to individual churn and satisfaction patterns at a person-by-person level. It’s very exciting stuff. And that, and many other things, including the breadth of our portfolio, lead to a capital efficiency profile. So we’ll see. I know Peter teased you, we don’t know. It’s not time to guide on next year yet. But our hope is that because of that capital efficiency and what we’re now seeing, we may be able to accomplish everything we set out to accomplish next year at the lower end of that capital range. So we’ll see and we’ll give you an updated view as we get into next year.
Michael Rollins: Thanks.
Mike Sievert: You bet.
Jud Henry: All right. Yes, lots of congratulatory on social on 300 million. So great job, Ulf. All right, operator, let’s take our last question from the phone.
Operator: Our next question is from the line of Greg Williams with TD Cowen. Please go ahead.
Greg Williams: Great. Thanks for squeezing me in. I know the industry has asked this question for quite some time, but you just had 850,000 phone adds. You’re the third [indiscernible] solid phone growth. Cable’s going to announce their numbers in the next 48 hours. But just getting your latest thoughts on where these additional phones are coming from and how you see industries for growth playing out in 2024? Second question is just on private networks. One of your competitors spoke yesterday saying that perhaps private networks could move the needle in 2025. We’ve been down this road before. But you talked constructively on advancing 5G in the past and curious this year you’re seeing similar views on 2025 for private network? Thanks.
Mike Sievert: I mean, well, first of all, let’s start there. I mean, for some competitors with standalone 5G capabilities, private network are here now. We’re just aren’t managing it through press release and vaporware. We’re just quietly serving customers. Maybe, I don’t know if you want to talk about any of those, Callie, that we’re doing. There’s a lot of exciting examples nationwide. Customers who are benefiting from this today at T-Mobile, and then we’ll get to your second question.
Callie Field: Well, I mentioned this earlier, Mike. And when we think about the challenges ahead of CIOs today, they’re looking for ways to take a campus, like Boston Children’s Hospital that I mentioned before and take the millions of connections with WiFi and say, hey, we’ve got to have something that meets the needs of the data and the connectivity in our business. And so we have a very real-time example in the health care industry and several more that we’re building out that are allowing doctors and nurses and their patients to have reliable connectivity, but also with security and MDM solutions. Another thing that we — is real for us today is the first commercial offering of a network slice that will deliver an incremental layer of security and control for our customers, combined with T-Sim Secure, which is a SIM-based [SaaS] (ph) solution, reducing complexity for IT administrators.
