Investor Alert

Oct. 27, 2020, 12:19 p.m. EDT

T-Mobile US unveils new TV streaming services and a new streaming device

T-Mobile US Inc. (NAS:TMUS) unveiled Tuesday its three new TV streaming services and a new streaming device, which will become available Nov. 1, as the mobile services company looks to provide cable cord cutters with new ways to watch TV. The TVision Live service will start at $40 a month and include more than 30 channels, featuring sports and news, and include a TVision Live TV+ option with more channels, including regional sports, for $50 a month and TVision Live Zone option with even more channels, including pro sports networks, for $60 a month. TVision VIBE will include more than 30 channels of comedy, lifestyle and drama programming for $10 a month, and TVision CHANNELS will allow subscribers to build their own lineup, including premium movie channels. The TVision HUB will streaming device and remote will cost $50. T-Mobile US's stock, which rose 0.6% in midday trading, has rallied 43.5% year to date, while the SPDR Communication Services Select Sector ETF (PSE:XLC) has advanced 13.6% and the S&P 500 (S&P:SPX) has gained 5.3%.

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