Initiating coverage T-Mobile USA (TMUS)

Since late 2013, T-Mobile has been known as the fastest growing wireless carrier. In 2014 T-Mobile added 8.3 million net customers rising to a total of 55 million customers. This growth outpaces competitors significantly and proves that John Legere's "Un-carrier" movements are working. 

By the end of 2015, T-Mobile will have coverage compatible to AT&T(T) and Verizon(VZ). The "Data Strong" network will reach over 300 million people. We expect this expanded network to exceed current customers needs and allow T-Mobile to gain more customers particularly from Sprint(S). T-Mobile's network already exceeds competitors in terms of speed and nearly doubles Sprint in terms of average download speed. Network coverage and speed are customers main focus, as T-Mobile expands their network, customers will come. 

Because of T-Mobile's network growth and "Un-carrier" movements we expect T-Mobile to net add 5-6 million customers (Far above guidance). This will allow T-Mobile to jump far ahead of Sprint and inch closer to juggernauts AT&T and Verizon. We are initiating coverage at Outperform and a target of $45 per share.