T-Mobile buying Suncom for $1.6 billion
Well, we guess we can put aside any intermittent chatter of Deutsche Telekom losing interest in the US market (for the time being, anyway). The German conglomerate has announced that its US subsidiary, T-Mobile, is acquiring regional GSM carrier Suncom for some $1.6 billion plus $800 million in existing debt obligations. As the smallest national carrier in the country, T-Mobile's clearly looking to increase its footprint and flex some muscle here against its larger adversaries; if everything clears the usual regulatory hurdles, the two can expect to take on the world some time in the first half of 2008.
[Via Phone Scoop]
