Legere is out as T-Mobile CEO as Sprint merger officially closes

The transition comes ahead of schedule, with President and COO Mike Sievert taking over as CEO effective immediately. In an interview withduring "Squawk on the Street" Wednesday, Sievert said that T-Mobile plans to "start lighting up 5G on what was Sprint's spectrum almost immediately."

"That'll start to benefit consumers who came from both sides of this merger immediately," Sievert added. Asked by Faber whether the current COVID-19 outbreak would slow the development of 5G, Sievert said there may be some hiccups with local municipalities, but that the company is still pushing forward.

"We've been classified as essential services, so we're allowed to continue operating," he said. "We've determined from a network standpoint we can do that safely. Individual crews of one person, sometimes it's three, four, five people that arrive in separate cars and work at a safe difference from each other. Other than some issues around permitting, we don't see a slowdown in our ability to bring this network to scale.

5G!!

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