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Sprint (S) Will Continue to Take Customers from AT&T, CEO Marcelo Claure Says

NEW YORK (TheStreet) -- AT&T's (T) $85.4 billion acquisition of Time Warner (TWX) had a lot of "strategic rationale" behind it, Sprint (S) CEO Marcelo Claure said on CNBC's "Squawk on the Street" Tuesday morning.

"They're right. There's a dramatic shift in the way consumers consume content today. I mean there's so many people who don't even watch TV anymore. They actually consume their content on a mobile phone," he said.

The deal was "a bold move" for AT&T, he noted. "I applaud them for taking that...