T-Mobile's CEO Couldn't Be More Excited About The AT&T-Time Warner Deal

T-Mobile US IncTMUS
's CEO John Legere couldn't be more excited over
AT&T Inc.T
's proposed merger with
Time Warner IncTWX
.

"I find this highly exciting from a T-Mobile stand point," he told CNBC's David Faber on Monday. "First of all they already donate 50 percent of all my customer growth. They are going to be even more distracted and focused on [the merger]."

At Last Check ...

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Legere further suggested that AT&T's distraction will also accelerate his company's growth and now expects T-Mobile's wireless business will be bigger than AT&T's.

Related Link: What Makes Time Warner Twice As Valuable To AT&T Than DirecTV?

The executive did confirm that the company will have sufficient spectrum to handle its growth over the years but didn't offer any specific details of any spectrum auctions. He did, however, state that T-Mobile has more spectrum per customer versus AT&T and his company recently spent over $1 billion to purchase 700 MHz A Block spectrum.

"I made it very clear that T-Mobile is probably one of if not the most aggressive participants in the current 600 [MHz spectrum] and if these guys all lose their focus this could be a windfall set of capabilities for us," Legere concluded. "So yes, we are investing heavily and we will in the 5G space as well."

  • AT&T was down 1.85 percent at $36.79.
  • Time Warner was down 2.46 percent at $87.28.
  • T-Mobile was up 8.83 percent at $50.88.

Full ratings data available on Benzinga Pro.

Market News and Data brought to you by Benzinga APIs
Posted In: CNBCNewsM&AMoversTechMediaTrading IdeasDavid FaberJohn Legere
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...