T-Mobile to grow coverage in North Carolina
T-Mobile USA plans to pay $1.6 billion for SunCom Wireless Holdings Inc., in a move that will expand T-Mobile's wireless network in the southeast and bring the company new customers in North Carolina.
T-Mobile, which said in a news release that the total deal, including assumed debt, is worth $2.4 billion, also will pick up SunCom customers in South Carolina, Tennessee, Georgia, Puerto Rico and the Virgin Islands.
Bellvue, Wash.-based T-Mobile plans to transition SunCom customers over to its services and products as the company grows its coverage area and cuts roaming and operating costs through the acquisition.
SunCom is based in Pennsylvania, but a large number of its subscribers and employees are located in North and South Carolina. According to a news release, the company had more than 1.1 million customers as of June 30, with a total revenue of $242.5 million during the first six months of 2007.
T-Mobile, the county's fourth largest wireless carrier, is a subsidiary of Deutsche Telekom AG.
The deal is expected to close in the first half of next year.
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So is T-mobile coming down to North Carolina?
Posted on April 21, 2008 4:14 PM