Sprint considers selling headquarters campus

Sprint is mulling the sale of its 4 million-square-foot headquarters campus in Overland Park, Kansas, the company’s chief executive officer announced Wednesday.

CEO Michel Combes said Sprint is considering offers to sell the campus and lease back the space it needs for employees.

The news comes as regulators weigh a proposed $26.5 billion merger between Sprint and rival T-Mobile, the No. 4 and No. 3 U.S. wireless carriers, respectively.

Sprint currently has 6,000 employees on the campus, which has served as the company’s headquarters since 1999. It was designed to accommodate more than twice that number of employees.

The telecom company’s strategy for its campus has shifted in recent years. At one point, it subleased unused office space to other companies. More recently, Sprint said it would consider selling buildings it wasn’t using.

Read more: Kansas City Star

Tags:, , ,

Leave a Reply

Have you heard?

Missouri Business Alert is participating in CoMoGives2019!

Find out how we plan to use your gift to enhance training and programming for our students