T-Mobile USA and SunCom Wireless Announce FCC Approval of Pending Merger

BELLEVUE, Wash. & BERWYN, Pa.--(BUSINESS WIRE)--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 is a wholly owned subsidiary of Deutsche Telekom AG (NYSE: DT).

“We very much appreciate the FCC’s speedy approval of this transaction.”

“Combining the strength of T-Mobile’s national network, top-ranked customer service and rich personal communications products and services is an added benefit to the more than one million customers served by SunCom,” said Robert Dotson, president and CEO of T-Mobile USA, Inc. "We very much appreciate the FCC’s speedy approval of this transaction.”

“We appreciate the Commissioners’ time and thoughtful review of the proposed merger and are extremely pleased with their decision to approve the license transfers,” said Mike Kalogris, chairman and chief executive officer of SunCom Wireless.

Announced Sept. 17, 2007, the definitive merger agreement provides for the acquisition by T-Mobile USA of all of the outstanding shares of common stock of SunCom, for an aggregate of approximately $2.4 billion in cash and assumed debt. This includes cash payment of approximately $1.6 billion and $0.8 billion net debt.

About T-Mobile USA, Inc.

Based in Bellevue, Wash., T-Mobile USA, Inc., is the U.S. operation of Deutsche Telekom AG’s (NYSE: DT) Mobile Communications Business, and a wholly owned subsidiary of T-Mobile International, one of the world’s leading companies in mobile communications. By the end of the fourth quarter of 2007, 120 million mobile customers were served by the mobile communication segments of the Deutsche Telekom group — 28.7 million by T-Mobile USA — all via a common technology platform based on GSM, the world’s most widely used digital wireless standard. T-Mobile’s innovative wireless products and services help empower people to connect effortlessly to those who matter most. Multiple independent research studies continue to rank T-Mobile highest, in numerous regions throughout the U.S. in wireless customer care. For more information, please visit www.t-mobile.com. T-Mobile is a federally registered trademark of Deutsche Telekom AG.

About SunCom Wireless Holdings, Inc.

SunCom Wireless Holdings, Inc., is a leader in offering digital wireless communications services to consumers in the southeastern United States, Puerto Rico and the U.S. Virgin Islands. With more than 1 million subscribers, SunCom is committed to being a different kind of wireless company focused on treating customers with respect, offering simple, straightforward plans and providing access to the largest GSM network and the latest technology choices. SunCom Wireless is a proud provider of Wireless AMBER Alerts. For more information about SunCom products and services, visit www.suncom.com or call 877-CALL-SUN (1-877-225-5786).