T-Mobile US, Inc. TMUS has augmented its LTE coverage in New York City area by enabling CBS Corporation CBS owned WLNY-TV to repack 600 MHz spectrum per the FCC mandate to clear spectrum for wireless providers. The freed up spectrum will facilitate T-Mobile to better serve its customers in the region with 5G-enabled products and services.

Due to the auction of 600 MHz spectrum in April 2017, a significant portion of the TV band spectrum was repurposed to be used by wireless service providers to meet the increased demand of 5G technology. WLNY-TV had time till August 2019 to clear the spectrum for telecom firms on portions of Long Island and the surrounding area that extends into Brooklyn and Queens. However, the broadcaster decided to accelerate the process as it moved to its new spectrum frequency earlier this month.

T-Mobile is increasingly deploying 600 MHz LTE across the country and has forged several partnerships with broadcasters to assist them in the move to new airwaves. Its innovative network expansion methodologies continue to be faster and technologically sounder. The carrier’s network is reportedly the fastest in America in both download and upload speeds.

By 2018-end, the company is targeting a population coverage of 325 million and a geographic coverage of 2.5 million square miles. By the end of 2017, it had already rolled out 600 MHz spectrum in 586 cities and towns in 28 states across 300,000 square miles. T-Mobile plans to use its 600 MHz spectrum holdings to deploy America’s first nationwide 5G network by 2020.

T-Mobile’s stellar network performance, deployment of LTE technology and attractive unlimited data offers remain key tailwinds. This is supported by improving scale, healthy free cash flow generation, strong liquidity and valuable spectrum assets that also provide credit support. Backed by impressive subscriber additions, T-Mobile projects postpaid net customer additions between 2.6 million and 3.3 million in 2018.

With a diligent execution of operational plans, T-Mobile has gained 0.2% in the past year on an average against a decline of 2.4% for the industry.

T-Mobile currently carries a Zacks Rank #4 (Sell). Better-ranked stocks in the industry include Juniper Networks, Inc. JNPR and Ubiquiti Networks, Inc. UBNT, both carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Juniper Networks has a long-term earnings growth expectation of 5.7%. It surpassed estimates thrice in the trailing four quarters with an average positive earnings surprise of 3.4%.

Ubiquiti Networks has a long-term earnings growth expectation of 18.6%. It topped estimates thrice in the trailing four quarters with an average positive earnings surprise of 8.9%.

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