T-Mobile to issue $2 billion of senior notes, expands cloud platform with Netcracker
T-Mobile will issue $1.15 billion of 5.000% senior notes due 2036 and $850 million of 5.850% senior notes due 2056 to refinance existing debt. It also expanded its Netcracker partnership to migrate its digital platform to the cloud, reducing service launch cycles to weeks while embedding security and privacy protections.
1. T-Mobile Rated Network Quality Leader in Five of Six U.S. Regions
In the 2026 J.D. Power U.S. Wireless Network Quality Study, customers ranked T-Mobile highest for network quality in five of six U.S. regions—a first in the study’s history. This surpasses T-Mobile’s previous best of two regions and ends a 35-report streak with a different carrier at the top. Independent real-world measurements from Opensignal and Ookla Speedtest® have also placed T-Mobile at or near the top across dozens of categories, including download speeds, latency and voice performance. The results underscore the success of T-Mobile’s multi-year network build strategy, leveraging its extensive 5G spectrum holdings, densified tower footprint and cloud-native architecture to deliver faster, more reliable service nationwide.
2. Expanded Cloud Platform Partnership and $2 Billion Debt Refinancing
T-Mobile is deepening its collaboration with Netcracker Technology to migrate its digital BSS/OSS platform to a cloud-native environment. The move is expected to shorten wholesale service launch cycles from several months to weeks, while embedding enhanced security and privacy controls and enabling digital-first business models. In parallel, T-Mobile’s wholly owned subsidiary has filed to sell $1.15 billion of 5.000% senior notes due 2036 and $850 million of 5.850% senior notes due 2056. Proceeds will be used to refinance existing debt and support general corporate purposes, strengthening the balance sheet ahead of the company’s fourth-quarter and full-year 2025 results presentation on February 11, 2026.