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.
AT&T Resurrects the 'Cingular' Brand for Flip Phone
AT&T recently added the Cingular Flip to its lineup of inexpensive feature phones. The phone is made by TeleEpoch and bears the model number M3620, but AT&T named it the Cingular Flip to give it some visibility.
Verizon and T-Mobile Agree to $173M Spectrum Swap
Verizon Wireless and T-Mobile have agreed to exchange AWS-1 and PCS spectrum in dozens of markets around the country in a deal valued at $173 million. The spectrum in question covers portions of Arkansas, California, Illinois, Indiana, Iowa, Kentucky, Massachusetts, Minnesota, Mississippi, Missouri, Montana, New York, North Dakota, Ohio, Pennsylvania, South Dakota, Tennessee, and Virginia.
T-Mobile Says It Will Start Using 600 MHz Spectrum This Year
"T-Mobile now has the largest swath of unused low-band spectrum in the country," said T-Mobile CEO John Legere about the company's 600 MHz auction winnings. The company successfully won an average of 31 MHz (ranging between 20 MHz and 50 MHz) of the 70 MHz low-band spectrum auctioned off by TV stations and the FCC.
Dish Seeking Cash for Possible T-Mobile Deal
Dish Networks is discussing loans of $10 to $15 billion with banks, reports the Wall Street Journal, which it would use to finance a merger with or acquisition of T-Mobile. Dish and T-Mobile are believed to be holding merger talks, though a deal is not imminent.
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.)