T-Mobile CEO Says There's 'Huge Headroom To Grow Competitively'
T-Mobile US Inc (NYSE: TMUS) reported first-quarter results on Tuesday, which were slightly better than analysts' estimates.
While analysts were expecting an EPS loss of $0.10 on sales of $7.7 billion, T-Mobile declared EPS loss of $0.09 on sales of $7.8 billion.
John Legere, T-Mobile USA CEO, was on CNBC following the results to weigh in on the numbers and discuss why T-Mobile still has room to grow in the U.S.
"We had 1.8 million customer additions eight quarters in a row – not two, three, eight quarters in a row over a million," Legere said.
"1.1 million post-paid nets, three quarters in a row over a million and a million post-paid phone net adds. That's all of the growth in the industry, right?"
Competitors Are All Negative
"Five quarters in a row we have led the industry in post-paid phone growth. In fact, AT&T and Verizon, Sprint will report next week, they are all negative.
"Now with that, we are only about, of the big four, 16.5 percent market share. So, plenty of headroom to grow. Most importantly, this quarter post-paid churn was 1.3 percent, which is an all-time low for our customers."
Room To Grow
"So, the uncarrier moves are causing customers to come. Churn is low because our network is moving extremely well, and frankly, I think AT&T and Verizon are doing what they do because it's just not resonating with customers.
"I think we have got huge headroom to grow competitively," Legere concluded.
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