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Burst Details

T-Mobile-Sprint merger gains Justice Department OK thanks to Dish

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10 months ago

Automatic TRANSCRIPT

Think the big story of the week was the t. mobile sprint merger is mostly okay i'll say fully full speed ahead it's not a go yet but the f._c._c. <hes> said okay the department of justice us department of justice said okay now all that remains is some couple dozen states attorneys general who had been suing to prevent the merger saying oh man we need for cell phone companies i you know i kind of liked what the d._o._j. did i feel like i would bet that the attorneys general drop their suits if not this is is going to really drag out because the trials not till september could even be december because of these new information that might get the lay and this could go on and on what we have is one phone company sprint that's just dying just really struggling another company t mobile that has through better marketing i think in a and just clever strategy thanks to their c._e._o. john ledger and and others i guess <hes> put together a darn fine cell phone company and i'm a customer of course i'm a customer of all of them but i liked him mobile i think they've done a good job sprint recently got backing from japan's softbank that means at least have some money money t. mobile's backed by deutsche telekom the german telecommunications company but with the merger they will become a pretty much the same size as horizon a._t. and t. you know within a hair's breadth each other we'll have three very big it companies and of course the problem is when you're small you know when you have ten million customers you just do it everything again to get eleven million customers when you have one hundred million customers you just try to hold on let's just keep those customers and i'm quoting here a guy named charlie ergen chai i have a lot of respect for charlie ergen and interesting fellow who is a big part of this deal he doesn't work at t. mobile he doesn't work at sprint he was for a long time a professional poker player who was an analyst and <hes> for frito lay counting potato chips in nineteen eighty he actually was such a good poker player he was ben and blackjack was he was banned by some las vegas casinos said you can't you can't come here count our cards how dare you charlie sm- in other words it's smart guy and also go-getter right you know you gotta have some ambition mission to do that in nineteen eighty he <hes> he left his job at frito lay the tip of chip manufacturer got together with his buddy pulled together about sixty thousand dollars and <hes> <hes> his buddy his buddy i've also met met both of them <hes> jim di franco another poker player by the way they pooled their money sixty thousand dollars and and started a business selling the the ten ten foot satellite the satellite dishes in denver this is nineteen eighty eventually he built a company that sold the littler dishes the you know the hubcap sized dishes and took on cable tv create a little company you might know as dish the dish network twelve million customers he is now worth his sixty thousand dollar investment in nineteen eddie now worth nine billion dollars nine billion dollars so he's done all right he also owns echostar satellite company and <hes> he has been over the last decade collecting <hes> something that's very valuable almost as good as poker chips or gold he's been collecting wireless spectrum frequencies sometimes to the dismay of the federal communications nations commission and the other carriers because he's not using them he's sitting on him he's been a smart like a fox collecting these frequencies when t. mobile was told by the department of justice look this merger is not going to happen unless you somehow do something to create a fourth carrier you divest yourself of boost mobile your other your other <hes> little mobile companies and do something to make a big carrier metro p._c._s. yes so when that happened john ledger the c._e._o. of t. mobile place to call to charlie ergen the c._e._o. of dish said we should talk and that's how the dish became a big player in all of this in fact the f._c._c. is demanding that they start a fourth cellular company in the united states and they get it up and running fast but here's where charlie was smart he got all those frequencies some really juicy ones didn't do anything still hasn't done anything with them he was waiting he said why build a lt networker four g. network when you're just gonna have to scrap everything and build a five g. network a few years later he was waiting waiting for five g. the next generation of cell phone communications and you know sometimes it's better not to have existing infrastructure to start from scratch sometimes you get an advantage doing that so it's gonna be interesting testing he will be dish the new dish i don't know if they'll call it dish but i hope they don't because it's a terrible name it's fine if you have a satellite dish but it doesn't make any sense for his cell phone carrier we'll be <hes> one hundred percent five g. they're not i can do l. t. e. or three g or even old style phone service or text it'll be a self service company in that sense you know that you can use your cell phone with it but it will all be on the five g. network he this is he's all in in poker terms he's pushed his chips to the center of the table and said because it's going to cost him big ten billion dollars at least to roll out this network at least and you know how that is when they say numbers like like that you know it goes up this will initially use t. mobile's towers and so forth that was part of the deal to they will <hes> they're kind of start off that way charlie says dish can offer on demand pricing something to sell carriers don't charging less in the middle of the night he's gonna target businesses like auto makers who are putting sell connections in their cars right all the new cars they have sell connections they'll have five g connections charlie says we're going to get someplace in three years it took the other guys ten i think this is exciting and interesting and it could charlie's known man this guy's a character i was <hes> years ago i did he he has a show on dish called charlie chat met the guy went out to a studio in denver did charlie chen was was impressed by he's he's which call a maverick he's one of those guys and we are in a way blessed i think we're surrounded by interesting creative business types maybe in the you know the robber barons of the turn of the last century the john d rockefeller's the andrew carnegie's are kinda like that i'm thinking elon musk jeff bezos and now charlie ergen these guys who are willing to risk it all on a crazy idea to do something amazing ilan's risk plan besides tesla but he also has space x he wants to go to mars but the thing i think he's doing this the most interesting is his thing starlink they're going to launch more than ten i think twelve thousand satellites low-earth orbit satellites to provide high speed gigabit internet access to every square inch of the planet in five years wow it's kind of that's the kind of big thinking i think that could change the world i i think charlie has something like that in mind to fascinating to watch you know and it's his chips he's risking not ours