T-Mobile US, Inc. (NASDAQ:TMUS) disclosed that the U.S. Department of the Navy has chosen it as a wireless solutions provider under the $2.67 billion Spiral 4 contract for the next ten years.
This agreement enables all Department of Defense agencies to procure wireless services and equipment from T-Mobile.
The Department of Defense will have the opportunity to leverage T-Mobile's 5G network for state-of-the-art wireless solutions that meet the evolving needs of government operations.
The contract aims to provide reliable connectivity for government activities, ranging from mission-critical communications to network solutions for military personnel and federal civilian agencies.
David Bezzant, Vice President of Sales, T-Mobile for Government, said, "The Spiral 4 contract award is a testament to T-Mobile's leading 5G network and to our focus on building solutions that meet the critical needs of our government customers."
"With a cutting-edge product portfolio, a proven track record and a clear vision for the future, we're ready to take government innovation to the next level. It's an honor to serve those who serve this Nation."
The multiple-award contract includes voice, data, fixed wireless solutions, Internet of Things, and mobility management solutions.
In addition, Uber Technologies, Inc.'s (NYSE:UBER) advertising division disclosed an exclusive partnership with T-Mobile Advertising Solutions and Octopus Interactive, which features the national network of interactive video screens inside rideshare vehicles.
Through this partnership, Uber will utilize a portion of T-Mobile's rideshare inventory to expand its JourneyTV offering to over 50,000 vehicles across the U.S. this year.
Investors can gain exposure to the stock via Invesco BuyBack Achievers ETF (NASDAQ:PKW) and The Communication Services Select Sector SPDR Fund (NYSE:XLC).
Price Action: TMUS shares are up 0.52% at $174.70 at the last check Thursday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.