CEO and President Philipp Humm said the company will invest this year in strategic initiatives to get the business back to growth.
T-Mobile is gearing up to invest $4 billion into network modernization, including the deployment of its long-term evolution (LTE) network and growing its existing 4G networks. The move will improve existing voice and data coverage and pave the way for faster LTE service in 2013, according to the company.
"We want to be known for delivering the best value in wireless because of the advanced technology we deliver at an affordable price,” said Humm in a press release. “Over the next two years, we’re prioritizing and investing in initiatives designed to get T-Mobile back to growth in the years ahead — beginning with the transformation of our network.”
The company -- which aims to roll out LTE service in the top 50 U.S. markets -- plans to install new equipment at 37,000 cell sites.
T-Mobile noted that it expects to be the first carrier in North America to modernize its 4G network infrastructure with new antenna-integrated radios on many of its cell towers to deliver stronger performance and coverage.