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T-Mobile Agrees to Acquire SunCom Wireless to Expand Network


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. Virgin Islands. SunCom operates a
GSM/GPRS/EDGE network and has provided roaming service to T-Mobile in
these markets since 2004.