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T-Mobile reveals its best 2Q service revenues in company history

T-Mobile reveals its best 2Q service revenues in company history


IDEA, GREAT TECHNOLOGY, THEY CAN’T MAKE MONEY OFF IT, THEY HAVE TO SELL IT FOR A REASONABLE PRICE. GUYS, THANK YOU. AFTER HOURS DESPITE DELIVERING BEST SECOND QUARTER RESULTS, JOINING US IS T-MOBILE PRESIDENT MIKE SEIFERT. THANK YOU VERY MUCH FOR BEING HERE.>>OF COURSE, DAVID. DAVID: OF COURSE, WE’RE LOOKING AT SHARES AFTER-HOURS, AFTER-HOUR SHARES? NO, YES, IT IS. WE’RE UP NOW, I MENTIONED THEY WERE DOWN. THEY REVERSED COURSE, THEY ARE UP ALMOST 2%. I HAD TO GET THAT OUT. LET ME FIRST TALK WITH THE GENERAL. AMERICA, I REMEMBER WHEN I WAS GROWING UP, ONE PHONE COMPANY, NOW HAVE ABOUT FOUR BIG CELLULAR PHONE COMPANIES. HOW MIGHT THINGS CHANGE IN THE FUTURE?>>WELL, LOOK, THIS ANNOUNCEMENT TODAY WAS A DEMONSTRATION THAT THE MARKET’S IN GREAT SHAPE. WE DELIVERED OUR BEST Q2 EVER TODAY. THE HIGHEST SERVICE RESERVES IN HISTORY. THE HIGHEST EBITDA IN HISTORY AND TOOK THE REST TIMES TWO ON THE POST PAID PHONE FRONT. THAT INDUSTRY STRUCTURE THAT YOU’RE TALKING ABOUT INCLUDES DAVID: IT DOES INDEED, BUT WHEN COMPETITION IS GOOD. MORE COMPANIES YOU HAVE THE BETTER, IF THAT NUMBER IS REDUCED BY ONE AS A RESULT OF YOUR MERGER, SOME PEOPLE SAY, HEY, MAYBE THE CONSUMER IS>>WELL, THE REALITY IS THE BIGGEST DRIVER OF COMPETITION WHAT WE’RE DOING WITH THE NEW T-MOBILE IS CREATING UNPRECEDENTED NETWORK AND GET THIS, SEVEN TIMES THE CURRENT THAT UNPRECEDENTED CAPACITY, AND COMCAST LIKE THEY’VE NEVER SPECIFICALLY TELLING YOU, YOU HAVE TO DO TO MAKE THIS MERGER COMPETITIVE AND NEEDS TO BE PRO CONSUMER, THAT’S WHAT WE’RE CONFIDENT IT IS. THREE MONTHS AGO WHEN WE ANNOUNCED THIS DEAL, WE SAID, LOOK, WE WANT TO BE ABLE TO MAKE OUR CASE THIS IS GREAT FOR AMERICANS, AND SINCE THEN WE’VE BEEN HARD AT WORK. FILED PUBLIC INTEREST STATEMENT, FILED S-4 REGISTRATION. TO TELL OUR STORY, AND HOPEFULLY TO OPEN EARS, AND IN THE END, WE REMAIN VERY CONFIDENT THAT THE GOVERNMENT WILL SEE THE PRO CONSUMER AND PRO COMPETITIVE ASPECTS OF THE DEAL AND GRANT IT. DAVID: HOW WILL THE MERGER AFFECT THAT? IT WILL HELP THE PROCESS OF CORD CUTTING, AND IF SO, IN WHAT WAY?>>IN A BIG WAY. THIS IS GOING TO BE THE FIRST TIME THAT THE ENTRENCHED CABLE COMPANIES AND WIRELINE COMPANIES HAVE SEEN COMPETITION. WE’RE ENTERING THE BROADBAND MARKET WITH THE NEW T-MOBILE. GOING AFTER 10 MILLION HOMES COMPETITION IN MOBILE. DAVID: HOW IT’S AFFECTING YOUR BUSINESS SPECIFICALLY, ATTEMPTS TO REGULATE THE INTERNET IN THE PREVIOUS ADMINISTRATION. THIS ADMINISTRATION IS MUCH BUSINESS?>>WELL, YOU KNOW, THE BUSINESS IS WORKING IN A GOOD REGULATORY ENVIRONMENT RIGHT NOW. WE WERE ABLE TO REITERATE IN PART DUE TO THE EFFECTS OF TAX REFORM. AND IN ADDITION, THE DEAL WE’RE SHAREHOLDERS IS A BENEFICIARY OF TAX REFORM. DAVID: MIKE, CONGRATULATIONS ON BEING THE NEW PRESIDENT OF T-MOBILE AND CONGRATULATIONS ON A GOOD DAY. THE STOCK IS UP ABOUT 1.5%

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