T-Mobile USA Inc. has completed its $2.4 billion purchase of SunCom Wireless Holdings Inc.
The Bellevue company, the U.S. operation of Deutsche Telekom AG (NYSE: DT - News) of Bonn, Germany and a wholly owned subsidiary of T-Mobile International, announced the deal last September. The deal includes a $1.6 billion cash payment and assumption of about $800 million in debt.
SunCom Wireless (NYSE: TPC - News) of Berwyn, Pa., has more than 1 million subscribers and 1,900 employees. The company provides service in North and South Carolina, Georgia, Tennessee, Virginia, Puerto Rico and the U.S. Virgin Islands.
http://biz.yahoo.com/bizj/080222/1595905.html?.v=1
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment