EX-99.1
4
dex991.htm
PRESS RELEASE
Press Release
Exhibit 99.1
CINGULAR AND TRITON
PCS COMPLETE TRANSACTION TO EXCHANGE PROPERTIES
IN NORTH CAROLINA, PUERTO RICO AND VIRGINIA
ATLANTA and BERWYN, Pa. - December 2, 2004
- 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: www.tritonpcs.com and www.suncom.com.
Media Contacts:
Clay Owen
Cingular Wireless
404.236.6153
clay.owen@cingular.com
Karen Rountree
Triton PCS
804-364-7334
krountree@tritonpcs.com
Investor Relations Contacts:
Kent Evans
Cingular Wireless
404.236.6203
kent.evans@cingular.com
Steven Somers
Triton PCS
610-651-5900
ssomers@tritonpcs.com

EX - 99 . 1 4 dex991 . htm PRESS RELEASE Press Release Exhibit 99 . 1 CINGULAR AND TRITON PCS COMPLETE TRANSACTION TO EXCHANGE PROPERTIES IN NORTH CAROLINA , PUERTO RICO AND VIRGINIA ATLANTA and BERWYN , Pa . - December 2 , 2004 - 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 : www.tritonpcs.com and www.suncom.com . Media Contacts : Clay Owen Cingular Wireless 404 . 236 . 6153 clay.owen@cingular.com Karen Rountree Triton PCS 804 - 364 - 7334 krountree@tritonpcs.com Investor Relations Contacts : Kent Evans Cingular Wireless 404 . 236 . 6203 kent.evans@cingular.com Steven Somers Triton PCS 610 - 651 - 5900 ssomers@tritonpcs.com