FCC Chairman Kevin Martin circulated an order approving T-Mobile’...
FCC Chairman Kevin Martin circulated an order approving T-Mobile’s acquisition of SunCom Wireless for $2.4 billion in cash and assumed debt, sources said. The merger order isn’t controversial like those in other recent wireless mergers, such as AT&T-Dobson. The…
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purchase strengthens T-Mobile’s coverage in the southeastern states. Suncom, with 1.1 million customers, owns GSM/GPRS/EDGE networks in Tennessee, Georgia, North and South Carolina, Puerto Rico and the U.S. Virgin Islands. Stanford Group analyst Michael Nelson said that under the agreement the merger isn’t expected to close before April 15 even if the FCC approves it immediately.