The story
Founded in January 1999 as Triton PCS Holdings by Mark Balfour, SunCom has gone through many deals with other cellular carriers. The SunCom brand was actually used by three separate companies in the beginning, Triton, TeleCorp and Tritel, all working in cooperation with one another and in partnership with AT&T Wireless. Tritel was purchased by TeleCorp in 2001, with AT&T Wireless finalizing its purchase of TeleCorp in 2003. By 1995, Suncom was developed and had a significant share of the wireless market. In December 2004, SunCom acquired 29,139 customers from Cingular Wireless as part of a deal of exchanging towers. In March 2005, SunCom sold 169 cell towers in North Carolina, South Carolina, and Puerto Rico to Global Signal Acquisitions. SunCom formed an agreement with Global Signal Acquisitions in June 2005 to lease tower space that they subsequently sold. In October 2005, SunCom agreed to sell the 29,139 customers from the deal in 2004 back to Cingular.
On September 17, 2007, T-Mobile USA Inc. announced it would acquire SunCom for approximately $1.6 billion in cash and $800 million in assumed debt. The deal closed on February 22, 2008.
From Wikipedia’s article on SunCom, shared under CC BY-SA 4.0.4