It’s unlikely Softbank Corp.’s purchase of 70 percent of the Sprint-Nextel Corporation will alter the local landscape anytime soon. Although the Sprint Corporation was instrumental in building the North Supply Building at New Century AirCenter in the 1980s, the building no longer hosts Sprint office space or distribution facilities.
The office building at New Century AirCenter houses businesses that contract with Sprint-Nextel.
Softbank announced on Monday that it has entered into an agreement to purchase approximately 70 percent of Sprint Nextel. Headquartered in Overland Park, Sprint- Nextel is one of the largest employers in the Kansas City metropolitan area employing more than 7,000 people locally in 2010.
Tom Reiderer, president of the Southwest Johnson County Economic Development Corporation, said it’s way too early to tell what effect the sale will have on the local economy.
The sale is imminent, but the deal won’t close until 2013.
“It’s final, but it’s not going to be final-final until 2013,” Reiderer said.
According to a Sprint- Nextel press release, the telecommunications giant will retain headquarters in Overland Park despite the majority-stake sale to the Japanese-owned Softbank.
Sprint sale unlikely to alter local landscape