Skip to main content
Live Signal Feed

AT&T

CapEx InvestmentDetected 1h ago · Plano, Texas, USA

AT&T is building its new billion-dollar-plus global headquarters in Plano, Texas, on the site of the former Electronic Data Systems campus.

Why it matters for sellers

Major CapEx = vendor procurement window

Read the original coveragevia dallasnews.com

Signal details

Reported
August 7, 2026
Source
dallasnews.com

From the coverage · dallasnews.com

Sunday marks the end of an era and the start of something new in Plano. Additional portions of the old Electronic Data Systems campus, including the futuristic executive office building dubbed the “God Pod,” will be imploded Sunday morning. The demolition is no surprise. Telecommunications giant AT&T planned to demolish the entire slate of buildings and parking garages to build its new billion-dollar-plus global headquarters at 5400 Legacy Drive. m. Advertisement Article continues below this ad AT&T declined to comment on the demolition. KDC, the developer of AT&T’s campus, said c onstruction is underway and demolition has begun at the site’s north end.

The company declined to provide any additional details. EDS’ move to Plano in the late 1980s was the first in a flurry of moves that helped establish the Collin County suburb as a headquarters hotspot . EDS founder Ross Perot purchased 2,700 acres in west Plano to establish the master-planned Legacy business park. , the site holds special memories. He learned to fly a helicopter there, and he remembers riding horses when the Plano parcels his father owned were just raw land. Perot Jr. said he toured the old EDS site a few months back with AT&T CEO John Stankey just before demolition began.

Perot Jr. said he won’t attend Sunday’s implosion. “It’s the end of a great era,” Perot Jr. said. ” After EDS came, Frito-Lay and JCPenney followed. The big-name companies announced in the late 1980s that they, too, would move their operations to Plano. Advertisement Article continues below this ad EDS started moving into the Plano campus in 1985. After a spat with General Motors CEO Roger Smith, GM bought out Perot and a handful of other EDS executives for about $750 million in 1986. They left EDS, and Perot eventually started rival Perot Systems.

By 1993, the campus was finished, and the move was complete. The campus’ centerpiece was the futuristic “God Pod” — an executive office building with a grand reception lobby 55 feet above the ground. EDS was spun off by GM in 1996. Mergers and acquisitions put the property in the hands of Hewlett-Packard and later DXC Technology. Dallas-based NexPoint bought the headquarters in 2018 and planned to make the campus the centerpiece of the Texas Research Quarter until AT&T came along. The telecommunications giant announced in January that it would build its 54-acre global headquarters at 5400 Legacy Drive.

Demolition started at the site a couple of months ago. Plano approved a $20 million incentive package and a lengthy property tax rebate to support AT&T’s relocation from downtown Dallas. It is the largest incentive package Plano has given a private employer to date. 35 billion in construction costs on the project.

Continue reading at dallasnews.com

Get signals like this for every account you sell to

Our engine detects, verifies, and deduplicates thousands of buying signals every day across 50M+ companies — delivered via API, GCS push, or flat file.