New York, Jan 13, 2026, 20:51 ET — The market has closed.
- T-Mobile shares dropped by almost 4% on Tuesday, lagging behind Verizon and AT&T.
- T-Mobile USA completed a $2 billion senior notes offering, according to a filing, to refinance existing debt.
- Investors are now eyeing the earnings and strategy update scheduled for Feb. 11 as the next major catalyst.
T-Mobile US shares dropped 3.97% to $189.67 on Tuesday, marking a second day of declines and underperforming larger U.S. wireless competitors amid a broader market pullback. Verizon shares slipped 2.08%, while AT&T fell 1.85%. Meanwhile, T-Mobile’s trading volume climbed to roughly 7.6 million shares, well above its 50-day average of 5.0 million. 1
The stock now sits over 30% below its 52-week peak, reigniting doubts about a company investors have long viewed as a reliable telecom play. Attention turns to whether rising debt costs, fresh revenue streams, or upcoming corporate news can halt the decline.
A filing dated Jan. 12 revealed that T-Mobile USA, a wholly owned unit, wrapped up an underwritten public offering of $1.15 billion in 5.000% senior notes due 2036, plus $850 million in 5.850% senior notes due 2056. According to the filing, Deutsche Bank Securities, J.P. Morgan, RBC Capital Markets, and UBS Securities served as the lead representatives. The proceeds are slated to refinance existing debt or cover general corporate expenses. 2
Senior notes are corporate bonds—debt the company has to pay back at maturity—and coupons above 5% highlight the tough rate environment carriers face. Refinancing might ease the debt timeline, yet it keeps investors focused on interest costs and free cash flow.
T-Mobile launched a fresh retail initiative Monday, testing 3D hologram displays for Samsung’s newest Galaxy models in select stores, including locations in New York City and Seattle. “We’re thrilled to work with T-Mobile Advertising Solutions to bring our Galaxy lineup to life through hologram technology,” said David S. Park, vice president and general manager for the T-Mobile account at Samsung Electronics America, in a statement. 3
The company positioned the trial within its in-store retail media push, noting it covers roughly 35,000 screens in over 10,000 T-Mobile and Metro locations. It’s a minor detail compared to the main wireless business, yet it underscores T-Mobile’s hunt for additional growth avenues beyond traditional phone plans.
Telecom stocks often act like bond proxies, with steady cash flows and hefty debt loads. Their price swings usually hinge on shifts in investor sentiment around growth and interest rates. On Tuesday, the sector slipped, with T-Mobile taking a bigger hit.
The risk for bulls is clear: if investors interpret the debt activity as a signal that capital returns will slow, or if the company’s upcoming update reveals weaker demand, the stock could remain stuck near its lows. Competitive pressure is a constant in U.S. wireless, and pricing shifts can swiftly erode margins.
On Wednesday, all eyes will be on whether buyers step back in after two days of declines and if we get further updates on the debt refinancing and advertising test. The sector could also move in tandem with shifts in the broader market.
Feb. 11 marks the next major event for T-Mobile, which will release its Q4 and full-year 2025 earnings along with an update from its capital markets day. 4
