Cingular Ties Up Loose Ends With Triton PCS
Jul 8, 2004, 7:40 AM by (staff)
Continuing preparations for its pending acquisition of AT&T Wireless, Cingular today announced a complex three-way deal with current AT&T Wireless affiliate Triton PCS. Under the deal, Cingular will receive Triton's operations in Virginia. In exchange, Triton will receive AT&T Wireless operations in North Carolina and Puerto Rico, plus $175 million cash from Cingular. In the affected markets, all operations will be transferred, including network, spectrum, employees, and customers. The Virginia operations include the last three markets Cingular needs to cover all top-100 markets. In addition, Triton will cease to be an AT&T Wireless affiliate, gaining full rights to the SunCom brand. The deal is contingent on Cingular's acquisition of AT&T Wireless.
Cingular, SunCom, and T-Mobile
(There is some overlap between SunCom and T-Mobile in Virginia, parts of Georgia, northeast Tennessee, and areas of South Carolina near the Georgia border. SunCom isn't in Knoxville TN, but T-Mobile has licenses there that they can build out to provide native coverage and end their reliance on Cingular there.)