Once Integrated, State-of-the-Art Facility Will
Make New T-Mobile One of the Top 20 Employers in the Region
T-Mobile US (NASDAQ: TMUS) and Sprint Corporation (NYSE: S)
today announced that they have selected Henrietta, New York, as the
location for their previously announced Greater Rochester area
Customer Experience Center (CEC), subject to the close of their
merger to become the New T-Mobile.
This press release features multimedia. View
the full release here:
https://www.businesswire.com/news/home/20190507005634/en/
At full operation, the New T-Mobile CEC facility in Henrietta
will directly employ more than 1,000 workers in the community and
indirectly produce another 500 to 600 jobs. The new CEC jobs will
feature great wages and benefits and will make the New T-Mobile one
of the region’s top 20 largest employers. The Henrietta 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. Specialists based in the Henrietta CEC
will serve a large portion of the Northeast, including New York
State. T-Mobile is not seeking any economic incentives related to
this facility.
In selecting the Greater Rochester area, T-Mobile engaged the
Center for Governmental Research (CGR), an independent
nonprofit consultancy, to conduct a thorough assessment of the
economic and fiscal impact of a proposed Henrietta CEC on the
Greater Rochester region. CGR found that the new development would
likely generate significant economic momentum for the Greater
Rochester area. According to CGR’s analysis the region will see the
following benefits:
- Spillover effects of New T-Mobile’s
investment will generate 500 to 600 jobs in addition to the up to
approximately 1300 direct CEC employees within the region.
- CEC employee payroll will range from
$22.1 to $26.0 million and will generate a combined income/sales
tax of $1.5 to $1.8 million.
- Construction-phase investment will
produce 200 direct and 30 spillover jobs with a total combined
payroll of $13.0 million.
- Compensation and spending at the fully
operational CEC will include $2.6 to $3.2 million in income tax and
$1.7 to $2.0 million in combined state and local sales tax.
“There’s a lot to love about the Greater Rochester community --
and I’m excited for the New T-Mobile to become a bigger part of
it,” said T-Mobile and New T-Mobile Chief Executive Officer John
Legere. “This area is known for its innovation, entrepreneurship
and having some of the nicest people around… come to think of it,
that sounds a lot like Team Magenta! We can’t wait to open our new
Customer Experience Center in Henrietta, welcome more than 1,000
people to our T-Mobile family and get to work taking care of
customers!”
“T-Mobile’s decision to invest in the greater Rochester area
following its proposed merger with Sprint demonstrates once again
that New York State is open for business and is a testament to how
the private and public sectors can work together to spur
economic growth upstate,” said New York Governor Andrew Cuomo. “We
look forward to welcoming New T-Mobile and the more than one
thousand new jobs it will bring.”
"I’m delighted that this project will help strengthen our
regional economy and bring over 1,000 new, good-paying jobs to our
community. I am grateful to T-Mobile, pending its merger with
Sprint, for choosing to invest in Rochester and look forward to
working with them to increase innovation and provide new
opportunities for our working families. I also look forward to
working with New T-Mobile to address the digital divide as it
deploys a 5G network that can help bring high-speed mobile service
to customers across the state, including those in rural areas,"
said U.S. Representative Joe Morelle (New York 25th District).
Henrietta CEC employees will get to experience firsthand why
T-Mobile is consistently recognized as a great employer year after
year for its continued commitment to creating a positive workplace.
In addition to competitive pay, all employees will be eligible to
receive the great benefits that T-Mobile offers today including
health coverage, stock grants, career development opportunities,
college tuition assistance, a childcare subsidy benefit, paid
parental leave and adoption/surrogacy benefits. CGR estimated that
180 Henrietta CEC workers would access more than $385,000 in
tuition assistance benefits offered by T-Mobile. The Un-carrier has
earned nearly 60 national and local workplace awards in the last
year, including Best Places to Work honors for parents, diversity,
women, Hispanics, LGBTQ and more. T-Mobile’s care centers were
specifically recognized on best place to work lists 22 times in
2018 alone!
The New T-Mobile’s investment in Customer Experience Centers,
including previously announced new locations in Kingsburg in Fresno
County, California and Overland Park, Kansas, and expansion of
other existing centers will create more than 5,000 additional
American jobs by 2021. The combined company will have 7,500 more
customer care professionals in 2024 than the two standalone
companies would employ. This is just one way the New T-Mobile will
invest billions of dollars in job creation and infrastructure in
the U.S. Together from day one, Sprint and T-Mobile will employ
more people in the U.S. than both companies would separately. Other
investments include building out a state-of-the-art, nationwide 5G
network, delivering more competition and new choice to customers
like broadband, and opening new stores to an expanding customer
base.
The completion of the combination remains subject to regulatory
approvals and certain other customary closing conditions. We expect
to receive federal regulatory approval in the first half of 2019.
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 81.3 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.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20190507005634/en/
T-Mobile US Media RelationsMediaRelations@T-Mobile.comorInvestor
Relations877-281-TMUS OR
212-358-3210investor.relations@t-mobile.com
T Mobile US (NASDAQ:TMUS)
Historical Stock Chart
From Mar 2024 to Apr 2024
T Mobile US (NASDAQ:TMUS)
Historical Stock Chart
From Apr 2023 to Apr 2024