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T-Mobile CEO says Sprint merger is ‘potential outcome' under Trump
During T-Mobile's Q&A session after the company's event today, I asked CEO John Legere about the resurgent rumors of a potential merger or combination with SoftBank/Sprint under President Donald Trump and a new FCC. He described that combination as “a potential future outcome” of a new administration and friendlier regulatory environment.Legere was heavily critical of Sprint's position in the US wireless market during his earlier stage presentation, but responded to my question by applauding SoftBank CEO Masayoshi Son for his planned $50 billion investment in the US. Still, he followed that up by saying “it's also pretty clear Sprint needs to do something.” (All emphasis in these quotes by The Verge.)“Sprint themselves is like an exploding plan. They're making progress but they pretty clearly have a ways to go. So in the future structure of the industry, there are a number of people who think, well, it may make sense from a scale standpoint to consider the coming together of T-Mobile and Sprint.” Legere also suggested that Sprint might be acquired by a major cable operator as a quick route into the mobile business.