Sprint CEO: I Don’t Need To Run A Merged T-Mobile And Sprint

Sprint CEO: I Don’t Need To Run A Merged T-Mobile And Sprint
By Sprint Nextel [Public domain], via Wikimedia Commons

Joining Bloomberg Television’s Erik Schatzker and Stephanie Ruhle as guest host on this morning’s “Market Makers,” Sprint Corporation (NYSE:S)’s President/CEO Daniel Hesse said T-Mobile Us Inc (NYSE:PCS)’s Legere is his peer and not his worst nightmare, “He used to work for me. He is doing a fine job…I don’t think John is ever going to stop egging me on.” Hesse later said it would not bother him if he did not run a merged T-Mobile/Sprint.  Hesse also said:

–   Sprint Corporation (NYSE:S) super-fast network ‘spark’ in parts of NYC.

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–   Spark Networks Inc (NYSEMKT:LOV) upgrade large and complex, taking time.

–   Spark will be a broadband alternative to landline.

–   The U.S. is a telecom duopoly with 80% of profit.

–   Price war not sustainable, harder for small company.

–   Spark will make us more competitive in the market.

–   Strong number 3 player will challenge the bigger two.

–   Ad spending is like an arms race, can’t let up.

–   Content is an important part of our future.

–   Music quality has lagged in mobile, HD audio coming.

–   Spotify will usher in a new era for smartphones.

–   Mobile moving beyond phones to interest of things.

–   Softbank deal has moved a lot of short-term holders out.

–   With Softbank Corp (OTCMKTS:SFTBF) (TYO:9984) holding 80%, activists aren’t a big issue.

–   Meets with Softbank a day and half every month in California.

Wireless Needs Strong No. 3 to Compete:

Sprint Wants to Bring High-Res Music to Your Phone:


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