Cingular and Triton PCS Complete Transaction to Exchange Properties in North Carolina, Puerto Rico and Virginia
02 Décembre 2004 - 3:19PM
PR Newswire (US)
Cingular and Triton PCS Complete Transaction to Exchange Properties
in North Carolina, Puerto Rico and Virginia ATLANTA and BERWYN,
Pa., Dec. 2 /PRNewswire-FirstCall/ -- Cingular Wireless and Triton
PCS (NYSE:TPC) today reported the completion of a previously
announced definitive agreement that gives Cingular expanded
wireless service in Virginia and Triton PCS added coverage in North
Carolina as well as entry into the Puerto Rico MTA. The definitive
agreement among Cingular, AT&T Wireless and Triton PCS
regarding the exchange of these operations was signed on September
21, 2004, with the closing contingent on the completion of
Cingular's acquisition of AT&T Wireless as well as regulatory
approvals. Cingular completed its acquisition of AT&T Wireless
on October 26, 2004. Under the terms of the definitive agreement,
Cingular receives Triton PCS's network assets and customers in
Virginia. Triton PCS receives certain AT&T Wireless network
assets and customers in North Carolina and the Puerto Rico MTA,
plus $175 million in cash from Cingular. AT&T Wireless and
Triton PCS employees in the markets being exchanged transition with
the business. Upon receipt of regulatory approvals expected in the
first quarter of 2005, the companies will exchange licenses in
Virginia, North Carolina and Puerto Rico. Customers of AT&T
Wireless and Triton PCS will maintain their current rate plans,
features and phones without interruption during a transition
period. Customers with questions or seeking additional information
can access the companies' websites at http://www.cingular.com/ or
http://www.suncom.com/. Both Cingular and Triton PCS, which markets
its service under the brand SunCom, will soon begin communicating
with customers directly. About Cingular Wireless Cingular Wireless
is the largest wireless carrier in the United States, serving more
than 46 million customers. Cingular, a joint venture between SBC
Communications (NYSE:SBC) and BellSouth (NYSE:BLS), has the largest
digital voice and data network in the nation. Cingular is the only
U.S. wireless carrier to offer Rollover(SM), the wireless plan that
lets customers keep their unused monthly minutes. Details of the
company are available at http://www.cingular.com/ . Get Cingular
Wireless press releases e-mailed to you automatically. Sign up at
http://www.cingular.com/newsroom . About Triton PCS Triton PCS is a
wireless carrier based in Berwyn, Pennsylvania. The company markets
its service under the brand SunCom. After giving effect to the
exchange of territories with Cingular Wireless, Triton PCS will be
licensed to provide digital wireless communications services in an
area covering 14.3 million people in the Southeastern United States
and 4.0 million people in Puerto Rico and the U.S. Virgin Islands.
For more information on Triton PCS and its products and services,
visit the company's websites at: http://www.tritonpcs.com/ and
http://www.suncom.com/. DATASOURCE: Triton PCS CONTACT: Clay Owen,
Cingular Wireless, +1-404-236-6153, ; Karen Rountree, Triton PCS,
+1-804-364-7334, ; Investor Relations Contacts: Kent Evans,
Cingular Wireless, +1-404-236-6203, , or Steven Somers, Triton PCS,
+1-610-651-5900, Web site: http://www.cingular.com/ Web site:
http://www.tritonpcs.com/ http://www.suncom.com/
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