Regulators at the United States Department of Justice don’t sound very keen on the idea that America’s hottest wireless carrier should get bought up by the wireless world’s perpetual loser. Unnamed sources tell The Wall Street Journal that DOJ regulators indicated to SoftBank CEO Masayoshi Son and Sprint CEO Dan Hesse that they were cool to the idea of a Sprint-T-Mobile merger during a recent meeting with the two executives. The Journal’s sources say that “U.S. antitrust authorities regard the current lineup of four national mobile-phone carriers as important to maintaining a competitive market, and department officials indicated at the meeting that a deal combining Sprint and T-Mobile could face regulatory difficulties.” Even so, the Journal says that this meeting hasn’t dissuaded Son from pursuing the merger, which isn’t surprising given that he said he originally bought Sprint because “I am a man, and every man wants to be No. 1, not No. 2 or No. 3.”
When T-Mobile CEO John Legere first addressed rumors that Sprint and parent company SoftBank might make a play to acquire T-Mobile USA, he openly bashed Sprint and its network. But in a sign that such a deal may in fact be in the works, the outspoken CEO has softened his stance in recent days and stated on several occasions that a potential Sprint-T-Mobile merger has several upsides. More →
T-Mobile CEO John Legere likes to blow a lot of hot air about his company sparking a “revolution” within the wireless industry, which is a claim that we’ve often treated with skepticism. However, new research from Consumer Intelligence Research Partners (CIRP) suggests that there may actually be some substance behind Legere’s boasts. More →
It’s understandable if you missed the unveiling of Sony’s revamped Xperia Z1S for T-Mobile in early January. After all, it was buried in a sea of seemingly unending announcements from this year’s International Consumer Electronics Show. But if you did miss Sony’s latest and greatest flagship Android phone, it’s worth doubling back. Sony’s presence in the U.S. smartphone market is hardly where the company wants it to be, and the Xperia Z1S represents Sony’s first effort of 2014 as the Japan-based consumer tech giant looks to gain momentum around the world.
Sony said during CES 2014 that it will aim to double its smartphone sales volume over the next two years. A T-Mobile exclusive almost certainly won’t go very far in helping the company achieve that goal.
But interestingly, the Z1S may actually be a fantastic fit for T-Mobile. The company brands itself as the “Uncarrier” — a scrappy underdog looking to shake up the industry. T-Mobile is not without its problems, of course, but as we learned recently when CEO John Legere announced that T-Mobile added 4.4 million net new subscribers last year, its strategy is working very well.
Could the Sony Xperia Z1S be the Uncarrier’s “Unphone” — a handset that comes from out of nowhere, defies convention and finds success against all odds? More →
If there’s one thing T-Mobile’s outspoken CEO loves to do, it’s swear up a storm while talking to the media and while speaking during T-Mobile’s recent press conferences. But beyond that, Legere also clearly loves shaking up the U.S. wireless industry and stealing his rivals’ subscribers in the process. Looking past the executive’s big talk, T-Mobile is delivering, having added 4.4 million net new subscribers over the past year. In a recent interview with NPR, Legere discussed T-Mobile’s success, the state of the industry, his love of profanity, Macklemore, and even a potential Sprint takeover bid. More →
Not content with shaking up just one massive industry, the Uncarrier has set its sights on another: banking. T-Mobile on Wednesday announced a new program called Mobile Money that provides the company’s wireless subscribers with checking accounts that offer free activation, monthly maintenance and ATM withdrawals at any of the carrier’s 42,000 in-network partner ATMs. There is also no fee for replacing lost or stolen cards and no minimum balances required. More →
Where there’s smoke there’s fire, and Sprint’s rumored upcoming T-Mobile takeover bid is a blazing inferno right now. Numerous reports have suggested that Sprint and its parent company, Japanese wireless carrier SoftBank, are discussing a possible deal to combine the No. 3 and No. 4 carriers in the U.S. with T-Mobile parent company Deutsche Telekom. Banks were reportedly jumping at the opportunity to finance the deal and more recent reports suggest Sprint now has several offers in hand to fund the merger. While such a deal would undoubtedly face some serious regulatory hurdles, the mere possibility that such a deal could take place has prompted the Communications Workers of America — the nation’s largest labor union for communications workers, with more than 700,000 members — to issue a statement condemning the merger. More →
Consumers and businesses in America spend billions on wireless service each year. And it’s no wonder — the average cost of cell phone service on each of the top four nationwide carriers in the U.S. is painfully high. One is higher than the rest, of course, and you’ll have to try to act surprised when you find out which it is. More →
T-Mobile and its boisterous CEO John Legere love talking the talk, but they have also shown repeatedly in recent months that they can walk the walk. The scrappy nationwide wireless carrier added a jaw-dropping 4.4 million net new subscribers in 2013, including 869,000 net postpaid additions in the fourth quarter alone, and as a result it has larger rivals Verizon Wireless and AT&T chasing its various new initiatives. In the latest example that illustrates just how well Legere & Company’s various antics are working, the carrier said on Thursday that more than 80,000 people have participated in its recent “breakup letter” stunt. More →
The potential for a merger between Sprint and T-Mobile is tenuous at best, but a recent move by T-Mobile’s parent company might signal that the two wireless carriers are considering giving it a try anyway. Re/code came across a regulatory filing on Thursday which states that Deutsche Telekom has reorganized its U.S. holdings, moving them from Germany to a wholly owned subsidiary in the Netherlands. According to BTIG Research analyst Walter Piecyk, holding a stake in the Netherlands can be very “tax-efficient” for a company looking to sell its assets. More →
We already know that T-Mobile added roughly 869,000 net postpaid subscribers and 1.645 million total net customers in the fourth quarter of 2013. But how did that compare with the rest of the wireless industry? Business Insider reports that a new study from Consumer Intelligence Research Partners (CIRP) shows that in Q4 2013, T-Mobile showed a bigger increase in its customer base than Verizon, AT&T or Sprint showed over the same quarter. More →
Postpaid churn, or the number of postpaid subscribers that stop using a provider’s service during a specified period of time, is always a stat industry watchers keep an eye on when it comes to wireless carriers. Why? The U.S. wireless market is so saturated that most new subscribers a carrier sees in any given quarter are coming over from another carrier. With fourth-quarter financial results from each major carrier on the way, Cowen and Company has published its Q4 study on subscriber intent with regard to switching wireless service providers. Who might be the biggest winners and losers of Q4 when it comes to postpaid churn? Cowen’s new study could give us a good idea. More →