T-Mobile CEO: 'We Have Got Huge Headroom To Grow Competitively'

T-Mobile US Inc TMUS reported first-quarter results on Tuesday which were slightly better than analysts’ estimates. Whereas 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 post the results to weigh in on the numbers and discuss why T-Mobile has still room to grow in the U.S.

The Statistics

“We had 1.8 million customer additions, 8 quarters in a row, not 2-3, 8 quarters in a row over a million,” Legere said. “1.1 million post paid nets, 3 quarters in a row over a million and a million postpaid phone net adds. That’s all of the growth in the industry, right?”

Competitors Are All Negative

“5 quarters in a row we have led the industry in postpaid phone growth. In fact AT&T and Verizon, Sprint will report next week, they are all negative, okay? Now, with that we are only about of the big 4, 16.5 percent market share. So, plenty of headroom to grow. Most importantly this quarter postpaid churn was 1.3 percent, which is an all time low for our customers.”

Huge Headroom 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.