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T-Mobile CEO to cable: Welcome, and get ready to get your ass kicked

2017-01-05
welcome back to see that stage at CF 2017 joining me now is a very special guest t-mobile CEO John Leger great to be here thanks for uh thanks for being here your star Roger I'm not pleased fans waiting there with you not yet trust me haha sure Roger rook ah so you just wrapped up the the t-mobile presser for the folks who didn't get to go want you to run through the the announcements that you made for t-mobile one yeah well we did we did a couple things first of all and you've been a part of it for years ago today we announced the uncarrier and so did a little recapturing of how much the world has changed one hundred and fifty five million people know along I have contracts all that crazy crap used to know about free devices all overages until we captured kind of what's gone on and then I actually announced q4 results because I wanted people to know how well things are going to point 1 million net additions 1.2 million postpaid nine hundred thirty three thousand post paid phones and five hundred and forty-one thousand prepay let's so get into some of the easy for you to say get on to the news and so then what we did is we had discussed the fact that the world and mobile internet has changed and requires new rules so amongst the new rules were what you see should be what you pay so with the first wireless carrier on the postpaid site to go all in taxes and fees so that's $40 a line period for a family of four then we announced something called kickback and what it is is what if you don't use it we should pay you for it so in effect additional lines on t-mobile one are $20 but if you use two gigs or less will give you $10 back we also extended the uncon tracked team over one unlimited which means we will never raise your rate we guarantee and lastly what we kind of said is internet mobile access shouldn't be sold in the bit and byte so I announced it as of January 22nd we're going all-in on t-mobile one and all we're going to sell is t-mobile one unlimited so I want to jump in on that because yeah you first did that you made that announcement in the summer with uncarrier 12 t-mobile one would be the one plan you guys you got a lot of backlash for that you got a lot of lot of heat folks weren't really happy with it the cynical folks would say well you're eliminating the cheap plan for folks who don't use that data so in effect is this sort of your way of addressing some of those concerns you know interesting if you this is going to take some time for people to realize that it's not trickery right because in effect let's suppose somebody was a you know a low end user you know minimal data plan suppose they paid $50 that plan would taxes and fees is more than you would ultimately get if you're a low user and you bought one line on t-mobile one and got kickback so in effect $40 along let me give you one piece that's cool at Verizon as hell up Bryce it's kind of same colors they um their XXL plan that's kind of like the me size plan it's a hundred and ten dollars a month but the bill says two hundred and ten dollars and seventy cents because it's part of the industry in the United States has 17 billion dollars worth of fees that aren't part of what's advertised so a big deal because taxes of fees aren't under your control right taxes and fees can actually go up where taxes can go up state local taxes right so it's so in effect what we're doing with this we're not raising price so voila everybody will save money now we anticipated this when we announced t know t-mobile won and we are not raising prices and we are investing this money these fees don't go away USF sales etc etc we're going to pay them investing in our customers and that's what makes us the fastest growing wireless company in America okay well moving on I mean you made some other bold predictions one of one which I found very interesting was Google one of the big players entering the wireless business what I know what makes you think some of these guys are gonna well it's get in there you know for the people weren't there I decided at the end just make a few predictions like no big surprise that the cable players are coming in to wireless so Comcast and charter are coming in with an MVNO and what I what I predicted is M no it's not going to work nobody's buying that crap it's you know if the Verizon MVNO is not going to provide them the ability to compete with us and those monopolists they don't know how to compete so well c'mon in you're gonna get your ass kicked now second then I said you know this the mobile internet space is huge so if your Facebook your Apple your Amazon your Google you're gonna sit by and watch somebody's coming in in a big way and I picked Google I mean they got Google five got pixel good Android so I don't know I'm not clairvoyant I say they're coming in and by the way come on in so I had a few other that's the thing that Google is a big company with a huge brand right I mean why why wouldn't you be nervous by a Google competing against Google ok I'm cute right now Google is in Wireless it's called Project five and you guys are partly due yeah of course yeah listen I think what you learned from the uncarrier over the last four years is if you focus on your customers and give them that one you shouldn't be shocked when they love it and there's nothing there's nothing Google has to offer except a whole shitload of money you can't say that in this stinking oh oh bleep it later but now bring them on in and by the way remember with t-mobile we do mobile very well and the industry is going to change I'm not saying we won't be a part of some of these things right we may we may find a way using our brand and capability to deliver right now last thing I'll say this don't you think it's crazy that the industries are defined by the infrastructure that they built so it's the cable industry the wireless industry the Internet industry I get news for you these folks with their devices could care less they want all of you to get your together and then figure out how to let them watch whatever they want whatever they want wherever so bring it together it's all coming together so I wanted to ask and I asked you this at the press conference yeah oh are you looking forward to president elect Trump well listen so far there's a lot of anticipation about an environment of less regulation potentially lower tax and vironment the ability to invest more some of the restrictions that have been put on us there's a lot of expectation that they will be freer to compete certainly the markets have been quite responsive to a lot of his initial ideas and I would tell you that I'm quite optimistic about the economic environment and I'm planning in seventeen to invest heavily and grow in the business and I wouldn't you know do that unless I was you guys have made peace after your little Twitter feud I you know I don't I don't see anything as a Twitter feud the issue for me is I've always been outspoken on Twitter so has you know president-elect Trump and we did at one point time what to people that play on Twitter do you know only four other people is that seen as abnormal you know somebody tweets a tweet back by the way I would say before he came along did what he's doing on Twitter I was like you know a pretty good Twitter guy that guy's got game he's not you know and he gets up and does his geez it's a big deal that's that's debatable I actually think he's using social media communications in a way that no one's ever seen before and I know because I do it similarly myself yeah I would argue that you from an interface from a business perspective is it again done for there see Roger yeah you know I can you know I can tweet about you please don't yeah I got photos please don't just saying uh I know you do yeah yellow shoes on which is kind of knowing to me Laker Laker a make a yellow by the way okay not sprint game doesn't wanted to be clear nope look it leads me my next question because Trump is all of a sudden very BFFs with the masses on who's the head of Softbank who is a sprint parent company do you see a Sprint t-mobile murder down the line first of all let's not let's not trivialize mafiosi son took just being Sprint this is one of the wealthiest most powerful guys you know in the world and he made a fifty billion dollar invest in fifty thousand job commitment to president like Trump that's a big deal and it should be applauded then there's what gets into that is what's going to happen in the environment the United States and as I said Sprint needs to do something and you know some people are asking is there a possibility yeah there's a possibility of any different kind of consolidation you know there's also a possibility that a cable company would by Sprint it's going to be changed it's going to be fantastic and right now it's certainly you know it's it's it's created a lot of enthusiasm around the industry yes certainly the telecom companies have been pretty happy about I don't know I don't know if everyone's happy about it but yeah everybody except CNET I mean here come on look at you you're a star here this is I'm not a star please stop saying that yeah so then it wouldn't be it wouldn't be an interview video interview with you without the word association game cuz I wanted to end it with with that so I'll throw out a couple words please give me the first word that comes up in your mind all right 18t for pariah we can't say that Verizon okay dumber sprint yellow Google big unlimited only a t-mobile okay what about Sprint now like John lemon if it doesn't work it's alright last Ben Affleck Oh Batman alright pretty good
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