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D.Telekom to buy SunCom Wireless for $1.6 bln

FRANKFURT
Mon Sep 17, 2007 1:57am EDT

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FRANKFURT (Reuters) - Deutsche Telekom (DTEGn.DE) said on Monday its mobile phone division T-Mobile USA had agreed to buy SunCom Wireless for about $1.6 billion.

Deals  |  Mergers & Acquisitions

Deutsche Telekom said in a statement it saw synergies from the transaction of about $1 billion and that it will also take on SunCom debt obligations of almost $800 million.

The deal is expected to close in the first half of 2008.
Deals
Mergers & Acquisitions


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