T-Mobile CEO John Legere Talks Merger, iPhone On CNBC

T-Mobile’s new CEO John Legere appeared on CNBC early today to discuss the T-Mobile/MetroPCS merger, address the critics, talk about the future and a bit about the iPhone. Is this a new, ready to dig in and fight the competition T-Mobile we’re seeing? We hope so.

MSNBC

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  • http://dualshockers.com Joel Taveras

    Challenger strategy for the win.

  • eanfoso

    I really don’t see how T-Mobile will benefit from this, they’re buying sort of, metro pcs for $1.5 billion, letting them keep 26% share, and allow them to acquire the new company over time!! Wtf?!

    • jay_max

      There’s no guarantee that the MetroPCS folks will purchase the 74% of stock that DT will own. DT can sell it on the open market.

      • eanfoso

        Exactly man!! They’re devaluating big time T-Mobile USA!! T-Mobile is well worth more than 26% that metro is getting, along with that 1.5 billion, heck I may as well jump to simple mobile if this pathetic deal does go through, I love T-Mobile but I hate it when companies do stupid moves like these, I like the fact that we’re a sole entity of deutsche telecom, but would hate it if the new company gets swallowed up by metro PCS

        • Mirad77

          May I remind you that Sprint was putting up $8bil for this same MetroPSC

        • eanfoso

          That’s not my point, my point is that T-Mobile shouldn’t be swallowed up by little metro pcs, and I’ll stick to my ground, since AT&T was going to get T-Mobile for 39 billion, a quarter of that is around 9.25 billion (that right there is more than what sprint was offering, let alone it’s actually 26 %) and the extra 1.5 billion is totally overrated.

        • iansltx

          You’re looking at it wrong.

          MetroPCS isn’t buying T-Mobile. DT is spinning TMoUSA off and MetroPCS is merging with it. It looks like MetroPCS is buying TMobile on paper but in practice DT comes out ahead here. They end up with a supermajority stake in a publicly held company without IPO BS, plus they hold a metric ton of TMoUSA’s debt, with a guaranteed return.

          In practice, MetroPCS’s brand and network will be gone two and a half years from now, if not sooner. Kind of like SunCom vanished. Anything that the merged entity does will be very similar to what T-Mobile would have done if MetroPCS suddenly vanished into thin air, leaving T-Mobile with all of its spectrum.

        • tony

          You didn’t look at the financials carefully. Other than the 74% shares, DT also owns $15B senior notes, which means they are ahead of all share holders to claim the asset as a backstop just in case… And they are earning 8% on the notes.
          You can’t value a company simply on equity, debt is huge part of it.

  • Jay

    I love how he made it plain and simple. ” People with 1 bar with have 3, people with 3 will have full ” haha

  • Jay

    I love how he made it plain and simple. ” People with 1 bar will have 3, people with 3 will have full ” haha **

    • iansltx

      …and this is what you get when you have a CEO who hasn’t been in the wireless business talking about bars. Which, to be fair, are a lousy signal representation anyway, but the merger isn’t going to magically increase coverage. It will make data speeds faster for areas that MetroPCS had licenses in (including NYC, Dallas and LA). But better coverage? $20 says that the merger makes zero difference.

      • jessejames111981

        the CEO is talking in terms people will understand. you start talking tech a lot of people just stop listening and have no clue what you just said. He used terms common people would use which is smart

      • Moneyman

        He has been in the wireless industry. They explained that when he first was appointed the job…

      • Sniper1087

        while is not going to make a big difference in the areas that metroPCS has already LTE it will, T-mobile will have more LTE coverage than Sprint by the time they start working as a single company with metroPCS, metroPCS at the moment has the best LTE coverage in Florida, and some coverage in other places, now T-mobile will increase their speed on the network which sounds great, metroPCS had 5 mhz and 10 mhz, T-mobile will do 20 by 20 which is much better.

  • Aurizen

    I like this new guy already i feel sorry for humm lol he left when the it was going good john came in at a great time! bet he a promotion on the 1st month whiles he’s CEO, and i think iphone will come after all of this will be settled. there’s no reason not to carry it when the LTE has been rolled out and the network has been refarmed.

    • iansltx

      There is still a reason: $450 of subsidy spread over a 2-year period. No T-Mobile phone gets subsidized that much at this point.

      • Secret Shopper #42

        New value plan monthly payment: $22.50/month.
        Solved.

    • gobigstayscrappy

      I phone end of 2013 on T-Mobile … Willing to bet on it lol

  • http://twitter.com/SParKlngCyaNide SparklingCyanide

    I really like this new CEO, I like the Plan, and most of all I really like the fact that T-Mobile USA is FINALLY starting to show some teeth to the competition instead of dancing around them.

  • Guest

    Best/most important line of the whole video: “T-Mobile is here to stay”

  • kev2684

    i have 3 bars and i approve this merger.

    • bleeew

      I’m on a greedy carrier and approve this too!

  • Whitney

    Why do I have a feeling that he already talking to providers about LTE phones and including Apple

  • GwapoAko

    Good job Mr. Legere!!!!

  • http://twitter.com/kevoptimus Kevin

    I feel good TMO growth coming in the next year!

  • https://me.yahoo.com/a/KLupmtYw0pgcltCAJps6lhiu5EObeA--#2b6ed TYLERDERK

    And,
    T-Mobile coming back with a vengeance!
    Proud to be part of his great team.
    Go T-mobile!

  • OUTSOURCE TIME!!

    T-Mobile is like “If We Can’t Beat Metro, Might As Well Join Them!” On another note, It will be interesting to see how many are laid off from both companies, I guesstimate thousands…

    • iansltx

      I’ll bet the layoffs will be mostly on the MetroPCS side, though it’ll happen slowly since TMo seems determined to run its own CDMA network for the near couple years.

  • Chatter

    Just watched. I like what I see so far. I am iffy on this merger but think Legere can right this ship. Happy to support Tmo.

    • bleeew

      Me too, hopefully they slap AT&T and Verizon to the face!

  • redman12

    I like John Legere than the past CEO Philipp Humm the bullshitter.

  • Jose Medina

    Typical reporter question is T-Mobile going to have the Iphone? I would of answer Yes if I don’t have to give apple every single penny I have.

  • Secret Shopper #42

    the mayor from the Simpsons?
    Eh.. better than Humm’s (unexpected) accent.

  • LTEstyles

    What the hell is 4G-E?? 1:39

  • vamp07

    By the time this merger makes any difference the users of these companies, Sprint will be in a much more competitive position with its network.