New York, February 14, 2026, 14:43 EST — Market closed.
- T-Mobile shares closed higher on Friday, stretching a five-session winning run.
- The carrier’s U.S. unit agreed to sell €2.5 billion of euro notes, with proceeds earmarked for buybacks, dividends and refinancing.
- Investors head into a holiday break with Fed minutes and rates in focus.
T-Mobile US, Inc. shares rose 2.25% to close at $219.50 on Friday, outperforming rival wireless carriers and notching a fifth straight day of gains. Verizon fell 0.91% and AT&T slipped 0.38%, while trading in TMUS ran above its recent average, data showed. (MarketWatch)
The move matters because T-Mobile is juggling two things investors care about at the same time: how it funds shareholder returns and how it measures customer growth. Both feed straight into valuation, and both can turn messy fast in a price-competitive wireless market.
U.S. stock markets are shut on Monday for the Presidents Day holiday, leaving the next regular session on Tuesday. Liquidity tends to thin around holiday breaks, and telecom shares can swing on rates even when company news is quiet. (New York Stock Exchange)
A key macro marker lands midweek: the Federal Reserve is scheduled to release minutes from its January 27–28 policy meeting on Wednesday, February 18, at 2:00 p.m. ET. Bond yields have been driving day-to-day moves in dividend payers and heavy issuers, and telecom sits in that bucket. (Federal Reserve)
On the company side, T-Mobile USA said it agreed to sell €2.5 billion of euro-denominated senior notes — corporate bonds that rank ahead of equity — split across three tranches: €750 million of 3.200% notes due 2032, €750 million of 3.625% notes due 2035 and €1 billion of 3.900% notes due 2038. The offering is scheduled to close on February 19, and the company said it expects to use net proceeds for general corporate purposes that may include share repurchases, dividends and refinancing. (Business Wire)
Separately, T-Mobile is changing the yardstick. At a capital markets update this week, the company said it will stop reporting “postpaid phone net adds” — the quarterly net change in phone customers on monthly bills — starting in the first quarter of 2026, and will lean more on “accounts” and ARPA (average revenue per account). New Street Research analyst David Barden wrote that investors had “not a lot of love” for the disclosure change, while 556 Ventures founder Bill Ho said net adds have been the simplest apples-to-apples comparison among the Big 3 carriers; Verizon and AT&T told Fierce they will keep reporting the metric. (Fierce Network)
Earlier in the week, T-Mobile raised parts of its multi-year outlook, betting on demand for premium plans and broadband. CFO Peter Osvaldik told Reuters the company continues to see about 60% of new accounts on premium plans, even as competition stays intense. (Reuters)
Income-focused investors also have a calendar item coming up: T-Mobile’s board declared a cash dividend of $1.02 per share payable March 12 to shareholders of record on February 27, according to the company’s dividend history. (T-Mobile Investor Relations)
But there are two obvious ways this setup goes wrong. If rate expectations shift after the Fed minutes, financing costs can reprice quickly — and bond deals, even announced ones, still depend on demand when the market opens. On the equity side, any sign that competition is forcing higher promotions or faster customer churn could keep investors skeptical, especially if the reporting change makes quarter-to-quarter comparisons harder.
For the week ahead, traders will be watching for any final terms and follow-through from the euro note sale as it approaches its February 19 closing, and for Wednesday’s Fed minutes to set the tone for yields. With the holiday break in the middle, Tuesday’s open may do more than usual.
