Any new chief executive will face a tough task turning around WeWork, which posted a US$1.4 billion operating loss in the first half of the year. The company's expenses soared as it leased new office space and spent huge sums refurbishing the locations. Nearly half of WeWork's 600 locations were opened in the 12 months that ended in September — and it is not clear if and when they might become profitable.
But Mr Legere does have a connection to SoftBank, which is led by the investor Masayoshi Son. T-Mobile is seeking to merge with Sprint, which SoftBank controls. The deal has gained approval from the Department of Justice and the Federal Communications Commission but a group of state attorneys general has challenged the deal in US District Court in New York.
Significant conflicts of interest are embedded in these talks. Mr Legere is separately renegotiating the terms of T-Mobile's acquisition of Sprint, which cannot close until the case brought by the states is resolved. The merger deadline has passed, and Sprint remains a hobbled wireless business. T-Mobile's shareholders are pressing for better terms with a lower price.
"The number of connections between these companies makes the situation highly problematic," said Craig Moffett, a co-founder of the research firm MoffettNathanson.Mr Legere may believe it is time for a new challenge. The next phase for T-Mobile is unlikely to be as exciting as the one in which it became the insurgent that telecom giants were forced to reckon with. He has also earned a fortune at T-Mobile.
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