T-Mobile U.S.A. has just announced a new CEO by the name of John Legere who starts the job on September 22. Jim Alling, T-Mobile's chief operating officer, had been interim CEO since June when long-time CEO Philip Humm stepped down. Before T-Mobile, Legere had occupied quite a few senior positions at AT&T and Dell.
Legere's immediately preceding position was as as CEO of a wireline communications infrastructure company called Global Crossing, a company which suffered shady executive spending and a messy bankruptcy. T-Mobile is still on a rocky financial road, so at least Legere will be in familiar territory.
Anyone remember Global Crossing from the internet boom years? How confident are you in Legere's ability to pull T-Mobile out of last place in the U.S. wireless service provider game?
In an unexpected announcement today, T-Mobile’s CEO, Phillip Humm, has resigned from his position.
T-Mobile announced today that it has reached an agreement with Verizon to license AWS spectrum in select U.S. markets. The deal will give T-Mobile USA more spectrum in key markets and improve the carrier’s 4G network, including the LTE network rollout planned for 2013.
T-Mobile had a bit of good news, really bad news, and then some kind of good news in the first quarter of 2012. In its Q1 2012 earnings report, the nation’s fourth-ranked carrier revealed that it gained 187,000 net customers. That’s a big improvement on the 99,000 net losses during the same period last year.
Unfortunately, T-Mobile’s growth came largely in the pre-paid market, which is less valuable. The company lost 510,000 contract customers, an improvement over the 706,000 lost in Q1 2011, and the 574,000 lost in Q4 2011. Fewer losses is a good thing, but it’s still a loss, something T-Mobile is struggling to reverse.
The silver lining is that T-Mobile is still hurting but showed signs of taking baby steps towards improving performance.