T-Mobile USA Buys SunCom Wireless
September 17, 2007 10:37 AM | T-Mobile | Comments (0)
| Deutsche Telekom announced today that it's mobile phone division T-Mobile USA had agreed to buy SunCom Wireless for an aggregate of approximately $ 2.4 billion in cash and assumed debt. This includes cash payment of approximately $ 1.6 billion and $ 0.8 billion net debt. The acquisition will further enhance T-Mobile’s network coverage in the southeastern United States and the Caribbean through the complementary addition of SunCom’s markets and customers in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico and the U.S. Virgin Islands. SunCom operates a GSM/GPRS/EDGE network and has provided roaming service to T-Mobile in these markets since 2004. Following the closing of the transaction, T-Mobile USA expects to fully integrate SunCom’s assets into the T-Mobile network. T-Mobile is committed to providing SunCom customers with a smooth transition to T-Mobile’s high-quality, innovative wireless services and products, such as its popular myFaves offering; its broad geographic reach on its highly regarded wireless network, and its industry-leading customer service. |  |
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