There will be convergence between fixed broadband and wireless in the United States, and T-Mobile US could be a part of that but will have multiple options as that occurs, according to a senior executive at the carrier.
T-Mobile CFO Braxton Carter said the carrier might have as much as $10 billion it could spend on spectrum during the FCC's incentive auction of 600 MHz spectrum next year. However, he said that he doesn't think T-Mobile will need to spend that much to obtain the spectrum it wants.
T-Mobile US CEO John Legere said that the carrier's momentum on subscriber growth has continued in the third quarter, with the company besting all of the figures it posted in the second quarter. Legere also said that he thinks it's inevitable that there will be a convergence of the U.S. cable and wireless industries.
Deutsche Telekom CEO Timotheus Hoettges said the company will consider any partnership for T-Mobile US that can improve profitability at the carrier, comments that again open the door to potential M&A.
T-Mobile CFO Braxton Carter said that "a little over 50 percent" of T-Mobile's subscribers are on the carrier's family plans, and that those family plans cover an average of around 2.4 lines of service. He said the carrier sees "substantial opportunity" to sign up additional customers to T-Mobile's family plans, and he said the carrier will continue to offer "pulsed" family plan promotions in the future to do so.
T-Mobile US now covers 280 million POPs with LTE, according to CTO Neville Ray. The carrier had pledged to reach that coverage goal by the middle of this year, and thus appears to have reached that goal earlier than expected.
T-Mobile US CEO John Legere saw his total compensation drop in 2014 to around $18.57 million, according to a securities filing. Legere's compensation is down from $29.24 million in 2013, when he was the highest-paid executive in the wireless industry.
T-Mobile US executives are making no secret of their desire to work with Dish Network and its chairman Charlie Ergen as Dish ponders how it will enter the wireless industry.
For months, financial analysts have been worried that T-Mobile US' surging subscriber growth would hinder its profitability. They're no longer quite so concerned.
T-Mobile US will continue to hunt for 700 MHz A Block spectrum but already has spectrum in that band covering 185 million POPs in 24 of the top 30 U.S. markets, according to CFO Braxton Carter.