T-Mobile To Buy SunCom
Sep 17, 2007, 2:07 AM by (staff)
Deutsche Telekom, the parent company of T-Mobile USA, has announced it will buy regional carrier SunCom for $1.6 billion and $800 million in assumed debt. SunCom, like T-Mobile, operates a GSM network and also offers a version of the Danger Hiptop, known on T-Mobile as the Sidekick. The deal is expected to close in early 2008.
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Comments
Took Longer then I thought
When Cingular bought ATT that left suncom on its own. I figured tmobile would have bought them earlier as they have no coverage in NC and most of SC. I think its great for tmobile to be able to move into two hole states without haveing to build out a network in both states.
I agree I thought it would have happened sooner. I would guess that the cost of a roaming agreement was far more cost effective then to just buy them out. All the regional "little guys" are being scooped up left and right. I'm just glad TM finally ...
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Yea that is very true. I think it was about time for them to purchase a company. I don’t think that SunCom is the ideal candidate though, because I think there are others.
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Former Suncom Employee perspective
I worked at Suncom from 2001- August 2003, I loved working for them and enjoyed the small team spirit that we shared in Financial services. I met some life long friends while working there ( Chris, Don, etc). After leaving Suncom I have worked for every major cell phone provider and the team spirit that I loved at Suncom has never been duplicated... Verizon comes close. The problem with Suncom early on was that relied to heavily on Sales and not retention of customers, and that the company execs worked in a totally different state and to me mismanaged company resources.
I hope the very best to all the employees at Suncom and that buyout helps you guys out.
I hope the very best to all the employees at Suncom and that buyout helps you guys out.
Sorry I have to laugh my friend. You cannot put Suncom and Verizon in the same sentence. Verizon knows how to make money Suncom knows how to lose.
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YES IT'S ABOUT TIME!!!
🤣 I knew it was coming. It's about time that aweful company gets bought out!!!
No you did not.
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My view (extended.)
I mentioned this in the Suncom forum so might as well put it in this one also. Just wanted to note that T-mobile USA is purchasing this company for the amount I mentioned. $1.6B for outstanding shares and $.8B of debt. To a total of $2.4B. There will be synergies of $1b so that will basically mean that the purchase was $1.4B. moreover, the purchase allows for more capacity onto its network by up to 20 million customers. makes each subscriber that Sun has, which is 1.1 million, on the $1.4B net purchase price, for $1,272 per subscriber, which is cheap. Without the synergies in place it would cost $2,181 per subscriber, which is also a pretty cheap valuation.
(I said Synergies again. 🤣 )
(I said Synergies again. 🤣 )
who knows the customer base of Suncom?
I heard it's around 1 million
then it'll be 30 million by the end of the year
a little milestone
I heard it's around 1 million
then it'll be 30 million by the end of the year
a little milestone
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nextel18 said:
Just wanted to note that T-mobile USA is purchasing this company for the amount I mentioned.
(I said Synergies again. 🤣 )
If you tooted your own horn any louder, we'd be deaf.
No problem. You do your thang over there and I hope you stay safe. Keep in mind when you look over the messages, that the opportunity is great with the merger, but execution is key. That 14 million extra pops helps and economically wise if T-mobile ca...
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Carolinas, some of Georgia, Tennessee, all of Puerto Rico, and the U.S. Virgin Islands all in the 1900 band.
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They have a very good size position. If I remember correctly, I think they have more than 10MHz+ in each of the markets they serve. You can go here, http://www.suncom.com/investor_relations/mark et_area.shtml, to see. If you cant for any reason I will ...
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I am still trying to locate the exact spectrum positions, but what I can tell is that on average they have 30MHz across its Southeastern footprint. I will try to find more exact data.
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This Will Hopefully Answer Some Questions
T-Mobile USA, Inc. and SunCom Wireless Holdings, Inc. (NYSE: TPC) announced today that they have entered into a definitive merger agreement for the acquisition by T-Mobile USA of all of the outstanding shares of common stock of SunCom, for an aggregate of approximately $2.4 billion in cash and assumed debt. This includes cash payment of approximately $1.6 billion and $0.8 billion net debt. T-Mobile USA is a wholly owned subsidiary of Deutsche Telekom AG (NYSE: DT).
The acquisition will further enhance T-Mobile’s network coverage in the southeastern United States and the Caribbean through the complementary addition of SunCom’s markets and customers in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico and the U.S. V...
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The acquisition will further enhance T-Mobile’s network coverage in the southeastern United States and the Caribbean through the complementary addition of SunCom’s markets and customers in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico and the U.S. V...
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So what does T-Mob do with all the money losers
With all those unlimited plans for $59.99 and $79.99 on Suncom's network, will T-mob migrate them all to current T-mobile pricing/coverage?
SCTelephoneMan said:
With all those unlimited plans for $59.99 and $79.99 on Suncom's network, will T-mob migrate them all to current T-mobile pricing/coverage?
If they're under contract, they're supposed to honor t...
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