You are using an older browser version. Please use a supported version for the best MSN experience.

Here's What T-Mobile's John Legere Is Leaving Behind, What New CEO Has Ahead

T-Mobile CEO John Legere is stepping down, and that's not necessarily a welcomed site for investors, who will certainly want to see a success out of the recently completed Sprint acquisition. The stock was falling as much as 1% Monday, before the losses moderated to 0.54% to $77.65. There's a reason for that. Here's what Legere is leaving behind. T-Mobile has grown to a $66 billion company by market cap, as it has gained 264% since Legere took the helm in September 2012. That puts to shame the gain on the S&P 500 since that time of 114%. Legere oversaw six acquisitions since he took over. Those include the Sprint purchase for about $26 billion, as well as smaller ones like Metro (now "Metro by T-Mobile"), Suncom Wireless Holdings, Layer3 TV and PushSpring. The T-Mobile and Sprint tie-up has been an uphill climb, as the Department of Justice took a hard look at the deal from an anti-trust perspective. Still, Legere and company operated the business in that time effectively. Revenue growth didn't skip a beat, moving from $40.3 billion in 2017, gradually up to $44.9 billion expected for the full year of 2019. This growth rate is relatively in line with standard expectations for a large and stable telecom company like T-Mobile. Current Chief Operating Officer Mike Sievert will take over on May 1 May 2020. He'll oversee the integration of Sprint while running the core business. Investors are certainly hoping to see potential synergies from the deal pan out.

UP NEXT

UP NEXT

Recent Videos

Featured Partners

image beaconimage beaconimage beacon