SunCom
 |
|
| Public | |
| Industry | Wireless Services |
| Fate | Acquired |
| Successor | T-Mobile USA |
| Founded | 1999 |
| Defunct | 2008 |
| Headquarters | Berwyn, Pennsylvania, United States |
|
Key people
|
Michael E. Kalogris, Chairman & CEO Eric Haskell, Executive VP & CFO |
| Products | GSM, GPRS, Text messaging, Picture messaging |
| Website | www |
SunCom Wireless Holdings, Inc. was a wireless carrier that operated in the Southeastern United States since 1999 and in parts of the Caribbean since 2004. From the "About Us" section of the company's website:
As of the third quarter of 2007, SunCom was providing digital wireless communications services to approximately 1.1 million customers and employed more than 1,900 people. In February 2008, SunCom was acquired by T-Mobile USA, Inc., a subsidiary of Deutsche Telekom AG. The company traded on the under the TPC ticker symbol.
In September 2008, the SunCom brand was phased out and rebranded under the T-Mobile name.
Founded in January 1999 as Triton PCS Holdings by Mark Balfour, SunCom has gone through many deals with other cellular carriers. The SunCom brand was actually used by three separate companies in the beginning, Triton, TeleCorp and Tritel, all working in cooperation with one another and in partnership with AT&T Wireless. Tritel was purchased by TeleCorp in 2001, with AT&T Wireless finalizing its purchase of TeleCorp in 2003. By 1995, Suncom was developed and had a significant share of the wireless market. In December 2004, SunCom acquired 29,139 customers from Cingular Wireless as part of a deal of exchanging towers. In March 2005, SunCom sold 169 cell towers in North Carolina, South Carolina, and Puerto Rico to Global Signal Acquisitions. SunCom formed an agreement with Global Signal Acquisitions in June 2005 to lease tower space that they subsequently sold. In October 2005, SunCom agreed to sell the 29,139 customers from the deal in 2004 back to Cingular.
On September 17, 2007, T-Mobile USA Inc. announced it would acquire SunCom for approximately $1.6 billion in cash and $800 million in assumed debt. The deal closed on February 22, 2008.
SunCom's operations provided service across North Carolina, South Carolina, northern Georgia, parts of eastern Tennessee, central Arkansas and southwest Virginia, as well as Puerto Rico and the U.S. Virgin Islands. Beginning in 2001, SunCom merged with AT&T Wireless that served states in the Great Lakes area including Wisconsin, Illinois, and Michigan. This was short lived and lasted only a year.
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Wikipedia