SunCom Wireless Holdings, Inc.

News and overview for SunCom Wireless Holdings, Inc.

SunCom Wireless Commences Consent Solicitation to Amend Indenture Governing Outstanding 8 1/2% Senior Notes due 2013 [Press Release]
PRNewswire | 305 days 4 hours 37 minutes ago
BERWYN, Pa., Feb. 1 /PRNewswire-FirstCall/ -- SunCom Wireless, Inc. ("SunCom"), a wholly-owned subsidiary of SunCom Wireless Holdings, Inc. ("SunCom Holdings"), today announced that it is commencing a consent solicitation to amend the indenture under which its 8 1/2% Senior Notes due 2013 (the "Notes") were issued. The consent solicitation is being conducted in connection with the proposed merger between SunCom Holdings and a wholly- owned subsidiary of T-Mobile USA, Inc. (the "Merger"),...


Suncom Wireless Receives Requisite Consents in Consent Solicitation and Amends Indenture Governing Its 8 1/2% Senior Notes Due 2013 [Press Release]
PRNewswire | 291 days 7 hours 9 minutes ago
BERWYN, Pa., Feb. 15 /PRNewswire/ -- SunCom Wireless, Inc. ("SunCom"), a wholly-owned subsidiary of SunCom Wireless Holdings, Inc. ("SunCom Holdings"), today announced that it had received, as of 5:00 p.m., New York City time, on February 14, 2008 (the "Expiration Time") consents from holders of approximately $686,515,000 (representing receipt of consents from a majority of the principal amount held by holders other than certain significant holders that SunCom has chosen to treat as affil...


SunCom Wireless Announces Special Meeting Voting Results [Press Release]
PRNewswire | 358 days 9 hours 2 minutes ago
BERWYN, Pa., Dec. 10 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc.


SunCom Wireless Announces Sharply Higher Adjusted EBITDA for the Second Quarter of 2007 [Press Release]
PRNewswire | 490 days 13 hours 38 minutes ago
BERWYN, Pa., July 31 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc.


SunCom Wireless Reports Financial Results for the Third Quarter of 2007 [Press Release]
PRNewswire | 397 days 13 hours 35 minutes ago
BERWYN, Pa., Nov. 1 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc.


SunCom Wireless to Resume Trading on NYSE [Press Release]
PRNewswire | 510 days 12 hours 3 minutes ago
BERWYN, Pa., July 11 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc. today announced the company's Class A common stock will resume trading on the New York Stock Exchange (NYSE) under the ticker symbol "TPC," effective Friday, July 13, 2007. Following SunCom's appeal of the NYSE's December 19, 2006 suspension of trading, NYSE Regulation recommended, and the NYSE Regulation Board of Directors' Committee for Review determined, that trading of SunCom's Class A common stock on the N...


T-Mobile Agrees to Acquire SunCom Wireless to Expand Network and Industry-Leading Customer Service to the Southeastern United States, Puerto Rico and U.S. Virgin Islands [Press Release]
Business Wire | 442 days 19 hours 8 minutes ago
T-Mobile USA, Inc.and SunCom Wireless Holdings, Inc.(NYSE:TPC) announced today that they have entered into a definitive merger agreement for the acquisition by T-Mobile USA of all of the outstanding shares of common stock of SunCom, for an aggregate of approximately $2.


T-Mobile USA and SunCom Wireless Announce FCC Approval of Pending Merger [Press Release]
Business Wire | 295 days 11 hours 38 minutes ago
T-Mobile USA, Inc., and SunCom Wireless Holdings, Inc.(NYSE:TPC) announced today that they have received Federal Communications Commission (FCC) approval for the companies' pending merger.This completes all required regulatory approvals for the merger, and the companies expect to close the transaction by the end of February.


T-Mobile USA Completes Acquisition of SunCom Wireless [Press Release]
Business Wire | 284 days 6 hours 9 minutes ago
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 now be able to benefit from T-Mobile’s award-winning customer service and the unique products and services offered by T-Mobile.


SunCom Announces Date for 3rd Quarter 2007 Earnings Release [Press Release]
PRNewswire | 410 days 11 hours 9 minutes ago
BERWYN, Pa., Oct. 19 /PRNewswire-FirstCall/ -- SunCom Wireless Holdings, Inc.


Research and Markets: Analyse the Key Strategic Issues Facing SunCom Wireless Holdings, Inc in 2007 [Press Release]
Business Wire | 452 days 8 hours 38 minutes ago
Research and Markets (http://www.researchandmarkets.com/reports/c67777) announces the addition of new IE Market Research report SunCom Wireless Holdings, Inc.- Competitor Insight 2007 to their offering.


Highland Capital Management, L.P. Announces Changes to Portfolio Management Teams of [Press Release]
Business Wire | 245 days 12 hours 10 minutes ago
Highland Capital Management, L.P. (“Highland”) announced changes, effective today, to the portfolio management teams of Highland Credit Strategies Fund (NYSE: HCF), Prospect Street® High Income Portfolio Inc. (NYSE: PHY), Prospect Street® Income Shares Inc. (NYSE: CNN) and Highland Distressed Opportunities, Inc. (NYSE: HCD). In connection with these changes, Brad Borud has assumed the role of Chief Investment Officer—Retail Products at Highland.


Deutsche Telekom Considers Bid for Sprint
Wall Street Journal, The | 212 days 27 minutes ago
Deutsche Telekom AG is weighing a bid to acquire Sprint Nextel Corp. that could catapult the German telecommunications giant's wireless arm, T-Mobile USA, to the No. 1 position in the U.S., according to people familiar with the matter.


TVNEWSDAY - SPRINT NEXTEL SILENT ON SPINOFF REPORT
TVNEWSDAY | 210 days 11 hours 30 minutes ago
KANSAS CITY, Mo. (AP) -- Sprint Nextel Corp. was silent about its future Monday as reports emerged that the company was considering spinning off or selling Nextel and that Deutsche Telekom AG was investigating a bid to buy the struggling wireless provider.


SunCom shareholders approve sale to T-Mobile USA
American City Business Journals | 358 days 6 hours 23 minutes ago
SunCom Wireless Holdings Inc. said Monday its stockholders have approved its purchase by T-Mobile USA Inc. for $2.4 billion in cash and assumed debt.





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Company Overview


Company: SunCom Wireless Holdings, Inc.
Industry: Wireless Network Operators
Website: http://www.tritonpcs.com

With PCS licenses in four states in the southeastern US, as well as Puerto Rico and the US Virgin Islands, SunCom Wireless provides wireless communications services to more than 1 million subscribers. The company markets its wireless services under the SunCom brand and sells handsets (made by Nokia and Samsung among others) and other services through company-owned retail stores, national retailers, and a direct sales force. SunCom Wireless was acquired in 2008 by Deutsche Telekom-owned T-Mobile USA.


Key Numbers

Sales in U.S. Dollars (mil.) 852.9 (2006)
One-year % Growth in Sales 3.2 (2006)
Net Income in U.S. Dollars (mil.) -337.4 (2006)
One-year % Growth in Net Income 0.0 (2006)
Number of Employees 1,924 (2006)
One-year % Growth in Number of Employees -1.8 (2006)
Fiscal Year-End December