There’s a new top dog in the U.S. telecom industry. T-Mobile TMUS –0.45% US now has a larger market capitalization than Verizon VZ –0.87% Communications, AT&T T –0.83% Comcast CMCSA –1.89% or any other company in the sector. It’s the exclamation point on a steady rise for the once-upstart wireless company.
As of Tuesday’s close, T-Mobile’s (ticker: TMUS) market cap stood at $178 billion, ahead of Verizon’s (VZ) $173 billion and AT&T’s (T) $120 billion, according to Dow Jones Market Data.