T-Mobile CEO Legere Tired Of Talking Acquisition

T-Mobile has been the target of a lot of acquisition and/or merger talk lately, and has been for some time. whether it be AT&T, Sprint, or the latest — French carrier Iliad — little magenta is always on the block, it seems. According to T-Mobile CEO John Legere, that's all kinds of nonsense we're talking.

Speaking at the GeekWire Summit just a few days ago, Legere said he was "sick and tired" of the talk. When it comes to Iliad, and talk of his company being acquired by them, Legere had some choice words:

We have rumors about rumors. There's a rumor that the rumor that they were going to make an offer for T-Mobile, that the rumor was it was rejected, the rumor was they're gonna make a bigger offer, and it's just craziness...

I can tell you everything you need to know about Iliad. The owner is wealthy, he's got long hair, he made his money in porn and his wife is the heir to Louis Vuitton money.

When faced with the tough question of how T-Mobile could grow without an acquisition, Legere bragged up T-Mobile's impressive trajectory. He admitted that combining Sprint and T-Mobile would have given them immediate scale, and the ability to compete better with AT&T and Verizon, but said T-Mobile remained focussed on growing organically.

He also said "You know, so long as you called it T-Mobile and I ran it, it would be successful. Any other version of that yellow school bus would crash right into the f—ing wall."

What Legere failed to discuss is that Deutsche Telekom, parent company to T-Mobile, has been shopping them around for years, and listening to anyone who wants to talk about purchasing their stake in the company. "Rumors about rumors" come from somewhere, and they typically trace right back to Deutsche Telekom.

Source: GeekWire