The US wireless industry continues to produce record revenue quarters and remains the number one market for 5G revenues. Despite trade wars and economic uncertainties, the market generated over $50 billion in revenue for the 13th consecutive time. The industry saw robust revenue growth, historically low churn rates, and positive postpaid growth in the 5G era, marking the strongest three-year performance in 16 years. T-Mobile led the market, dominating net-adds and postpaid revenue with a remarkable 10% year-over-year increase, while also dominating competitors in the market cap, outvaluing most major European operators combined. AT&T and Verizon also continue to perform well on the financial metrics.
T-Mobile’s NTN launch and the closure of the USC merger puts it in a commanding position for the second half of the year. AT&T and Verizon also made good strides in their wireline strategy execution.
Fixed wireless access (FWA) emerged as a standout, with the market surpassing 13.5 million subscribers, driven by mobile operators like T-Mobile and Verizon, who captured over 169% of broadband net-adds. This growth decimated cable companies, which lost 1.6 million subscribers over the last two years while mobile operators added 7.5 million FWA customers. Cable giants like Charter and Comcast, now key tier-2 players, are gaining mobile subscribers at a good pace but struggle against FWA dominance. Looking ahead, operators are expanding into adjacent areas like private networks, edge computing, AI, and enterprise services, with potential M&A activity on the cards in the second half of 2025. Dive right in for insights that will keep you ahead in 2025.
Topics covered in the research update.
- Q2 2025 US Mobile Market Highlights
• 1H 2025: State of the industry and looking forward
• 5G Advance launches in the US
• Service Provider Market is consolidating – What’s Next?
• Industrializing Slicing
• Impact of Tariffs on Telecom
• 5G’s Steady Advance
• NTN – Wireless Wars move to space
• AI RAN – What’s Next?
• FWA vs. Cable Broadband – How is 2025 shaping up?
• Tug of War: Broadband vs. Mobile
• 5G Monetization: What can the West learn from the East?
• End of Mobile Data Growth? The Implications
• Global 5G Race Update
• Getting 6G Right
• What to Expect in the Coming Months?
• US Wireless Market Q2 2025 Analysis
o Service Revenues
o ARPU
o Subscribers
o Competition
o 5G Progress
o Fixed Wireless Progress
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