Cingular, T-Mobile USA to end Joint Network Venture
25 Mai 2004 - 8:10AM
PR Newswire (US)
Cingular, T-Mobile USA to end Joint Network Venture $2.5 billion
deal contingent on closing of Cingular acquisition of AT&T
Wireless ATLANTA, May 25 /PRNewswire/ -- Cingular Wireless today
announced it would end its network infrastructure joint venture
with T-Mobile USA in New York, California and Nevada, with Cingular
selling the California and Nevada network and certain California
and Nevada spectrum to T-Mobile USA for approximately $2.5 billion.
Cingular will also receive 10MHz of spectrum from T-Mobile in the
New York BTA as part of the dissolution terms originally agreed in
2001. T-Mobile USA, in addition to acquiring the network
infrastructure in California and Nevada, will obtain 10MHz of
additional spectrum from Cingular in San Francisco, Sacramento and
Las Vegas, as well an option to buy an additional 10 MHz in the Los
Angeles and San Diego BTAs. The transaction is contingent on
federal approvals of Cingular's acquisition of AT&T Wireless.
The transaction is also subject to approvals from the FCC and
Department of Justice. It is expected to close early in the first
quarter of 2005. Both Cingular and T-Mobile customers are
unaffected by the deal, with both companies retaining their own
customers. Cingular's customers will also continue to use the
California, Nevada and New York networks for up to four years. As a
result, the transition should be transparent to Cingular's
customers. Cingular will buy minutes wholesale from T-Mobile on
favorable terms. "Over the last two years, our joint venture with
T-Mobile has been good for Cingular, its customers and wireless
consumers in general," said Stan Sigman, President and CEO of
Cingular Wireless. "Today's announcement means Cingular's customers
will continue to have top-notch wireless service and be able to
look forward to advanced data applications in the future." The
infrastructure joint venture, which was announced in October 2001,
provided a cost-effective means for Cingular to enter the New York
City market and T-Mobile to enter the California and Nevada
markets. The joint venture acted as a "factory," producing and
making wireless minutes available to both carriers, while providing
consumers a wider choice in wireless service. About Cingular
Wireless Cingular Wireless, a joint venture between SBC
Communications (NYSE:SBC) and BellSouth (NYSE:BLS), serves more
than 25 million voice and data customers across the United States.
A leader in mobile voice and data communications, Cingular is the
only U.S. wireless carrier to offer Rollover(SM), the wireless plan
that lets customers keep their unused monthly minutes. Cingular has
launched the world's first commercial deployment of wireless
services using Enhanced Data rates for GSM Evolution (EDGE)
technology. Cingular provides cellular/PCS service in 43 of the top
50 markets nationwide, and provides corporate e-mail and other
advanced data services through its GPRS, EDGE and Mobitex packet
data networks. Details of the company are available at
http://www.cingular.com/ . DATASOURCE: Cingular Wireless CONTACT:
Clay Owen, +1-404-236-6153, or , or Tony Carter, +1-404-236-6419 or
, both of Cingular Wireless Web site: http://www.cingular.com/
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