New Center Will Create 1,000 Jobs in Fresno
County – Making T-Mobile One of the Largest and Highest-Paying
Employers in the County
T-Mobile US (NASDAQ: TMUS) and Sprint Corporation (NYSE: S)
today announced that they have chosen the Kingsburg area in Fresno
County, Calif. as the location for their previously announced
Central Valley Customer Experience Center (CEC), subject to the
close of their merger to become the New T-Mobile. With the creation
of more than 1,000 new jobs, the New T-Mobile will be one of the
largest employers in the area. Employees at the CEC will earn wages
on average over 50% higher than the average wages in Fresno County,
which will also make the New T-Mobile one of the highest-paying
employers in the area.
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The Kingsburg area CEC will support the expanded deployment of
T-Mobile’s innovative Team of Experts (TEX) service model, which
provides customers direct personal access to a dedicated team of
specialists when they call or message for assistance. The
specialists work with local retail and engineering teams to address
a wide variety of topics and tackle complex challenges for
customers primarily based in California.
“The Kingsburg area in Fresno County is already home to a
tremendous amount of innovation, diverse talent and great energy,
which makes it a perfect fit for the New T-Mobile!” said T-Mobile
and New T-Mobile President Mike Sievert. “Our new CECs will allow
the New T-Mobile to expand the personalized service we give our
amazing customers every single day as we continue to grow. We can’t
wait to be a partner in the revitalized Central Valley. We’re
really excited to join the greater Kingsburg community, add an
amazing group of 1,000 employees to our Magenta family and get to
work taking care of our customers!”
Kingsburg area CEC employees will benefit from the values that
have made T-Mobile a company that is consistently recognized as a
great employer year after year. The Un-carrier has earned nearly 60
national and local workplace awards in the last year alone,
including Best Places to Work honors for parents, diversity, women,
Hispanics, LGBTQ and more. T-Mobile’s care centers were recognized
on best place to work lists 22 times in 2018 alone! In addition to
great pay, the New T-Mobile will continue to offer employees the
great benefits that T-Mobile offers today including stock grants,
career development opportunities, college tuition assistance, a
childcare subsidy benefit, paid parental leave and
adoption/surrogacy benefits.
The New T-Mobile’s investment in Customer Experience Centers —
including previously announced new locations in the Greater
Rochester area of New York and Overland Park, Kansas and expansion
of other existing centers — will create up to 5,600 additional
American jobs by 2021. The combined company will have 7,500 more
customer care professionals in 2024 than the two stand-alone
companies would have employed. The CECs are just one way the New
T-Mobile will invest billions of dollars in job creation and
infrastructure in the U.S. From the first day they combine, Sprint
and T-Mobile together will employ more people in the U.S. than both
companies would separately. Other investments will include building
out a state-of-the-art, nationwide 5G network, delivering more
competition and new choice to customers like in-home broadband, and
opening new stores to an expanding customer base.
“It is exciting to see the growing trend of employers taking
advantage of the workforce opportunities in the Central Valley. As
Fresno County’s strong job growth indicates, this region is primed
for investment. We are looking forward to more companies starting
and expanding their businesses with a high-quality workforce who
can work closer to home and avoid extended daily commutes,” said
Lenny Mendonca, Chief Economic and Business Advisor to California
Governor Gavin Newsom.
“The New T-Mobile merger creates an incredible opportunity for
the Central Valley and for the Kingsburg area from the addition of
1,000 good paying jobs at the Customer Experience Center, and from
new cellular and Internet coverage for our rural communities.
Bringing Internet services to communities that have not had
services, particularly low income, senior and disabled residents,
impacts the quality of our schools, the growth of small businesses,
and the health of our communities. The New T-Mobile provides an
opportunity for the Central Valley to see technology driven
economic growth by bridging this digital divide,” said California
State Senator Anna Caballero, 12th District.
The completion of the combination remains subject to regulatory
approvals and certain other customary closing conditions.
Additional information regarding T-Mobile’s merger with Sprint can
be found at: www.NewTMobile.com.
About T-Mobile
As America’s Un-carrier, T-Mobile US, Inc. (NASDAQ: TMUS) is
redefining the way consumers and businesses buy wireless services
through leading product and service innovation. Our advanced
nationwide 4G LTE network delivers outstanding wireless experiences
to 79.7 million customers who are unwilling to compromise on
quality and value. Based in Bellevue, Washington, T-Mobile US
provides services through its subsidiaries and operates its
flagship brands, T-Mobile and Metro by T-Mobile. For more
information, please visit http://www.t-mobile.com.
About Sprint:
Sprint (NYSE: S) is a communications services company
that creates more and better ways to connect its customers to
the things they care about most. Sprint
served 54.5 million connections as of Dec. 31,
2018 and is widely recognized for developing, engineering and
deploying innovative technologies, including the first wireless 4G
service from a national carrier in the United States; leading
no-contract brands including Virgin Mobile USA, Boost Mobile, and
Assurance Wireless; instant national and international push-to-talk
capabilities; and a global Tier 1 Internet backbone. Today,
Sprint’s legacy of innovation and service continues with an
increased investment to dramatically improve coverage, reliability,
and speed across its nationwide network and commitment to launching
the first 5G mobile network in the U.S. You can learn more and
visit Sprint
at www.sprint.com or www.facebook.com/sprint and www.twitter.com/sprint.
Important Additional Information
In connection with the proposed transaction, T-Mobile US, Inc.
(“T-Mobile”) has filed a registration statement on Form S-4 (File
No. 333-226435), which was declared effective by the U.S.
Securities and Exchange Commission (the “SEC”) on October 29, 2018,
and which contains a joint consent solicitation statement of
T-Mobile and Sprint Corporation (“Sprint”), that also constitutes a
prospectus of T-Mobile (the “joint consent solicitation
statement/prospectus”), and each party will file other documents
regarding the proposed transaction with the SEC. INVESTORS AND
SECURITY HOLDERS ARE URGED TO READ THE JOINT CONSENT SOLICITATION
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED WITH THE
SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT
INFORMATION. The documents filed by T-Mobile may be obtained free
of charge at T-Mobile’s website, at www.t-mobile.com, or at the
SEC’s website, at www.sec.gov, or from T-Mobile by requesting them
by mail at T-Mobile US, Inc., Investor Relations, 1 Park Avenue,
14th Floor, New York, NY 10016, or by telephone at 212-358-3210.
The documents filed by Sprint may be obtained free of charge at
Sprint’s website, at www.sprint.com, or at the SEC’s website, at
www.sec.gov, or from Sprint by requesting them by mail at Sprint
Corporation, Shareholder Relations, 6200 Sprint Parkway, Mailstop
KSOPHF0302-3B679, Overland Park, Kansas 66251, or by telephone at
913-794-1091.
No Offer or Solicitation
This communication shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
No offering of securities shall be made except by means of a
prospectus meeting the requirements of Section 10 of the U.S.
Securities Act of 1933, as amended.
Cautionary Statement Regarding Forward-Looking
Statements
This communication contains certain forward-looking statements
concerning T-Mobile, Sprint and the proposed transaction between
T-Mobile and Sprint. All statements other than statements of fact,
including information concerning future results, are
forward-looking statements. These forward-looking statements are
generally identified by the words “anticipate,” “believe,”
“estimate,” “expect,” “intend,” “may,” “could” or similar
expressions. Such forward-looking statements include, but are not
limited to, statements about the benefits of the proposed
transaction, including anticipated future financial and operating
results, synergies, accretion and growth rates, T-Mobile’s,
Sprint’s and the combined company’s plans, objectives, expectations
and intentions, and the expected timing of completion of the
proposed transaction. There are several factors which could cause
actual plans and results to differ materially from those expressed
or implied in forward-looking statements. Such factors include, but
are not limited to, the failure to obtain, or delays in obtaining,
required regulatory approvals, and the risk that such approvals may
result in the imposition of conditions that could adversely affect
the combined company or the expected benefits of the proposed
transaction, or the failure to satisfy any of the other conditions
to the proposed transaction on a timely basis or at all; the
occurrence of events that may give rise to a right of one or both
of the parties to terminate the business combination agreement;
adverse effects on the market price of T-Mobile’s or Sprint’s
common stock and on T-Mobile’s or Sprint’s operating results
because of a failure to complete the proposed transaction in the
anticipated timeframe or at all; inability to obtain the financing
contemplated to be obtained in connection with the proposed
transaction on the expected terms or timing or at all; the ability
of T-Mobile, Sprint and the combined company to make payments on
debt or to repay existing or future indebtedness when due or to
comply with the covenants contained therein; adverse changes in the
ratings of T-Mobile’s or Sprint’s debt securities or adverse
conditions in the credit markets; negative effects of the
announcement, pendency or consummation of the transaction on the
market price of T-Mobile’s or Sprint’s common stock and on
T-Mobile’s or Sprint’s operating results, including as a result of
changes in key customer, supplier, employee or other business
relationships; significant transaction costs, including financing
costs, and unknown liabilities; failure to realize the expected
benefits and synergies of the proposed transaction in the expected
timeframes or at all; costs or difficulties related to the
integration of Sprint’s network and operations into T-Mobile; the
risk of litigation or regulatory actions; the inability of
T-Mobile, Sprint or the combined company to retain and hire key
personnel; the risk that certain contractual restrictions contained
in the business combination agreement during the pendency of the
proposed transaction could adversely affect T-Mobile’s or Sprint’s
ability to pursue business opportunities or strategic transactions;
effects of changes in the regulatory environment in which T-Mobile
and Sprint operate; changes in global, political, economic,
business, competitive and market conditions; changes in tax and
other laws and regulations; and other risks and uncertainties
detailed in the Form S-4, as well as in T-Mobile’s Annual Report on
Form 10-K for the fiscal year ended December 31, 2017 and in its
subsequent reports on Form 10-Q, including in the sections thereof
captioned “Risk Factors” and “Cautionary Statement Regarding
Forward-Looking Statements,” as well as in its subsequent reports
on Form 8-K, all of which are filed with the SEC and available at
www.sec.gov and www.t-mobile.com, and in Sprint’s Annual Report on
Form 10-K for the fiscal year ended March 31, 2018 and in its
subsequent reports on Form 10-Q, including in the sections thereof
captioned “Risk Factors” and “MD&A — Forward-Looking
Statements,” as well as in its subsequent reports on Form 8-K, all
of which are filed with the SEC and available at www.sec.gov and
www.sprint.com. Forward-looking statements are based on current
expectations and assumptions, which are subject to risks and
uncertainties that may cause actual results to differ materially
from those expressed in or implied by such forward-looking
statements. Given these risks and uncertainties, persons reading
this communication are cautioned not to place undue reliance on
such forward-looking statements. T-Mobile and Sprint assume no
obligation to update or revise the information contained in this
communication (whether as a result of new information, future
events or otherwise), except as required by applicable law.
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T-Mobile US Media RelationsMediaRelations@T-Mobile.comorInvestor
Relations877-281-TMUS OR
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