The merger between tech giants is likely to be a win for the Eastside, as corporate headquarters will remain in Bellevue
T-Mobile, headquartered in Factoria, recently announced it plans to acquire fellow mobile tech giant Sprint. The company’s name still will be T-Mobile, and the headquarters will remain in the area. But, of course, federal regulators would need to approve the deal before it’s done.
Goals of the move include improving both companies in the following ways:
- Creating a nationwide 5G network able to accommodate personal and commercial interests.
- Lowering costs for customers, while improving network quality.
- Providing thousands of U.S. jobs by employing more people than both companies combined do today.
“This combination will create a fierce competitor with the network scale to deliver more for consumers and businesses in the form of lower prices, more innovation, and a second-to-none network experience — and do it all so much faster than either company could on its own,” said T-Mobile CEO John Legere. “As industry lines blur and we enter the 5G era, consumers and businesses need a company with the disruptive culture and capabilities to force positive change on their behalf.”
But what would this mean for the Eastside? John Heffernan from Seattle-based business advisory firm Exvere gave 425 Business some insight into what the merger might look like.
“Overall, the merger is good for investors and should be good for consumers, creating a true competitor for AT&T and Verizon, one that can punch at the same weight class. Locally the impact should be positive, as T-Mobile is acquiring Sprint — and the HQ of the combination stays in Bellevue,” Heffernan said. “As far as layoffs are concerned, the in-house retail operations of Sprint may experience layoffs, given the expected elimination of Sprint retail stores close by T-Mobile stores.”