AT&T vs Verizon vs T-Mobile Market Share as of Q1 2023, Based on Statista Data

Based data collected by Statista Market Insights Agency in the first quarter of 2023, AT&T still holds the dominant position as the leading provider of mobile services in the United States (U.S.). 

AT&T has a market share of approximately 45.9% of wireless subscriptions during this period, which is notably higher than that of its rival wireless carriers in the United States, namely, Verizon and T-Mobile at 29.1% and 23.7%, respetively.

Credit: Statista 2023

These market shares are based on the subscription figures reported by the companies in their quarterly earnings and financial statements. It's important to note that the statistic does not include subscriptions from Mobile Virtual Network Operators (MVNOs).

On April 1, 2020, T-Mobile successfully acquired Sprint Corp. for a total of $26.5 billion. This merger led to a temporary decrease in the number of major wireless providers in the United States. As part of the agreement, T-Mobile gained 33.84 million postpaid subscribers from Sprint, which added to their existing 47 million postpaid wireless subscribers. Additionally, DISH Network Corporation obtained Sprint's prepaid mobile business, Boost Mobile. This resulted in a total of four major wireless providers in the market, satisfying the United States Department of Justice (DOJ) and ensuring continued competition.

In terms of market capitalization, T-Mobile stands as the largest telecommunications company in the United States as of 2023. It has a market capitalization of $180.67 billion, which is the highest among all U.S. telecommunications companies. 

Currently, only China Mobile, based in Beijing, surpasses T-Mobile in market capitalization with a value of $189.12 billion. Verizon and AT&T are valued at $163.07 billion and $125.89 billion, respectively.