Peter Osvaldik on fiber investment strategy
From T-Mobile US Inc ($TMUS) Q1 2026 Earnings Call · · Castify Earnings Call
“The reason we're doing fiber is much more because we see an equity value creation opportunity rather than the myth of convergence. And that sort of drives the way we think about these assets. So when you think about things like bid ask spread or multiples or compression and the rest, each of these assets is a unique case. The way we think about it is do we believe that this asset has a strong likelihood of giving us our target IRRs? And those are in the double digit level.”
On , Peter Osvaldik, Executive VP & CFO at T-Mobile Us Inc, spoke about fiber investment strategy during T-Mobile US Inc ($TMUS) Q1 2026 Earnings Call on Castify Earnings Call.
About Peter Osvaldik
Peter Osvaldik, as CFO of T-Mobile US, participated in the company's quarterly earnings calls from Q1 2025 through Q1 2026. During these calls, he discussed the company's financial performance and strategy. In Q2 2025, Osvaldik announced an agreement to divest T-Mobile's 800 MHz licenses to Grain Management for $2.9 billion in cash and all of Grain's 600 MHz licenses, and he raised the company's full-year guidance for core adjusted EBITDA to between $33.3 and $33.7 billion. In Q4 2025, he stated that T-Mobile was accelerating its Q1 share buybacks to $5 billion and noted that Deutsche Telekom was not planning to sell any T-Mobile US shares in 2026. In Q1 2026, Osvaldik said the company was not interested in pursuing cable acquisitions, describing its strategy as "attacking incumbents rather than becoming an incumbent." Osvaldik also addressed pricing and customer value on multiple calls. He stated that T-Mobile's existing customers pay between 12% and 15% less than AT&T and Verizon's customers, and that the company aims to protect its "best value" position. He said the company does not "fixate on one number" regarding pricing and that any pricing moves would be "more for more" changes that give customers additional benefits. On the topic of tariffs, he said in Q1 2025 that if tariffs were implemented, the customer would "wind up having to bear that cost," which could lead to a slowdown in upgrade rates.