JPMorgan calls T-Mobile ‘best long-term idea’ in wireless, expect buyback soon

Daniel Acker | Bloomberg | Getty Images

A T-Mobile store in Chicago, Illinois.

Despite recent disappointments over a possible T-Mobile-Sprint deal, investors should favor shares of T-Mobile and expect a buyback, according to JPMorgan.

Calling the mobile provider “the best long-term idea in wireless,” analyst Philip Cusick told clients in a note that the company is likely to initiate a share buyback sooner than originally projected.