TMUS - T-Mobile US Inc. (TMUS) Presents at MoffettNathanson's Media Internet & Communications Conference (Transcript)
2024-05-14 14:42:05 ET
T-Mobile US, Inc. (TMUS)
MoffettNathanson's Media, Internet & Communications Conference Call
May 14, 2024 11:00 ET
Company Participants
Peter Osvaldik - Executive Vice President & Chief Financial Officer
Conference Call Participants
Craig Moffett - MoffettNathanson
Presentation
Craig Moffett
Good morning, everybody and thank you for joining us for the 11th Annual MoffettNathanson Media Communications Conference. And thank you to those who are joining by webcast. This is our murderers row this morning of really great companies and great conversations. And T-Mobile is another company that I'm happy to say has appeared at every MoffettNathanson conference we've ever had. And I was just saying to Peter that his Magenta T-shirt for those of you that are only listening on the web and don't get to see it is good but it's not as good as the old feather that -- the Magenta feather boa that Braxton wore 1 year, maybe 10 years ago.
So I want to start first, thank you for being here. I want to start with where I almost always start which is thinking about the sustainable growth rate of the phone market and really thinking about this top down. And as you know, I tend to think of prepaid and postpaid together. So help us think about why it is that we're still seeing such a divergence between the industry growth rate and the population growth rate over the couple of years.
Peter Osvaldik
Absolutely. And thank you for having us. It's wonderful to be at the conference every year. I guess I need to wear a feather boa or something unique. Do you want to start with the -- I'll be making forward-looking statements, subject to risks and uncertainties as well as maybe discussing non-GAAP items and refer you to our filings for that.
Craig, I think we've talked about this a few times. And the answer is we can't explain all of it. I think prepaid and postpaid together is the right way to think about it. There are certainly legitimate areas that go beyond just population expansion that have driven some of the growth, certainly, age demographics, both up and down in age, business formation. Those are things that drive a little bit more than just population growth as the overall growth perspective. I think there's also a little bit of a question of when not everybody actually discloses the postpaid phone component. So how much of cable's total net are postpaid phone versus others that may help normalize some of this as well....
T-Mobile US, Inc. (TMUS) Presents at MoffettNathanson's Media, Internet & Communications Conference (Transcript)