Top Sprint story from FierceWireless: Judge asks Legere why Sprint can’t do a turnaround like T-Mobile

From FierceWireless:

One of the biggest arguments that Sprint and T-Mobile have made in favor of their $26 billion merger is that Sprint is a failing company with a dismal future.

But U.S. District Judge Victor Marrero, who’s presiding over the case brought by several state attorneys general who want to stop the merger, last week asked T-Mobile CEO John Legere why Sprint today is not like T-Mobile was in 2012. Legere was appointed CEO of T-Mobile US in September 2012, and he has earned accolades for transforming the company with his “un-carrier” approach. “If T-Mobile was able to achieve this enormous upheaval and overhaul, why not Sprint, without the merger?” asked Marrero.

According to some quotes from the trial provided by New Street Research, Legere said there were several factors that led to T-Mobile’s turnaround, including the AWS spectrum it obtained from its MetroPCS acquisition along with cash that T-Mobile had available.

“So the AWS spectrum that was given, the cash that was given, the availability of MetroPCS, and the scale that came with it, and the network that came with it, and the financial situation that T-Mobile was in was dire, but nothing compared to the distress that Sprint is in at this point in time,” said Legere. “I think Sprint also does not have the financial backing or the support of their shareholders to move further with the investments that were required, which would be gigantic.”

Continue reading Judge asks Legere why Sprint can’t do a turnaround like T-Mobile on FierceWireless

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