T-Mobile USA, Inc., and SunCom Wireless Holdings, Inc. (NYSE: TPC) today announced the completion of T-Mobile’s acquisition of SunCom Wireless. This means more than 1.1 million customers in North Carolina, South Carolina, Tennessee, Georgia, Puerto Rico and the U.S. Virgin Islands will be able to benefit from T-Mobile’s award-winning customer service and the unique products and services offered by T-Mobile.
The acquisition enhances T-Mobile’s network coverage. The company now serves 98 of the top 100 markets nationally.
“We look forward to offering our new customers in the Southeastern U.S. and Puerto Rico T-Mobile’s industry-leading customer service, quality national network and unique personal communications products and services that help customers stay connected to those who matter most,” said Robert Dotson, president and chief executive officer of T-Mobile USA.
T-Mobile recently earned the highest ranking in the J.D. Power and Associates Wireless Customer Care Performance Study, the seventh consecutive period it has held the top spot.
T-Mobile and SunCom Wireless announced their merger agreement in September 2007. The deal received Federal Communications Commission approval February 8.
Through this acquisition, T-Mobile USA expects to significantly expand its national network to cover 259 million Americans, an increase from 244 million. T-Mobile USA also expects to realize synergies with a net present value (NPV) of approximately $1 billion through reduced roaming and operating expenses. Plus, the company anticipates further upside growth opportunities through the addition of the new markets.