SunCom (Triton PCS) GSM/GPRS News For Virginia

[ComicalMoodyDan]

Triton PCS to Aquire PCS Licenses from AT&T Wireless in Key Markets


Berwyn, Pa., July 26 – Triton PCS (NYSE: TPC), a member of the AT&T Wireless Services network, today announced that it has entered into a definitive agreement to acquire personal communications services (PCS) licenses in Richmond, Norfolk, and Roanoke, Virginia from AT&T Wireless Services, Inc. for $65 million.

The three 10MHz A-block licenses for the Richmond, Norfolk and Roanoke Basic Trading Areas (BTAs) cover approximately 3.7 million people. Triton PCS currently owns and operates 20MHz of the A-block license in the respective BTAs. Triton will use the additional spectrum as part of its current network overlay of GSM/GPRS services. The transaction, which requires FCC approval, is expected to close in the second half of 2002.

Triton PCS, based in Berwyn, Pennsylvania, is a leading provider of digital wireless phone service in the Southeast which is licensed to operate in a contiguous area covering about 13.5 million people in Virginia, North Carolina, South Carolina, northern Georgia, northeastern Tennessee and southeastern Kentucky. The company markets its services under the brand SunCom, a member of the AT&T Wireless Network. For more information on Triton PCS and its products and services, visit the company's websites at: www.tritonpcs.com, and www.suncom.com.

Triton PCS to Aquire PCS Licenses from AT&T Wireless in Key Markets