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Deutsche Telekom in $1.6bn US buy

By Reuters, September 17

Deutsche Telekom’s mobile phone division T-Mobile USA has agreed to buy SunCom Wireless Holdings for about $1.6bn, the companies said on Monday.

Deutsche Telekom said in a statement it would also take on SunCom debt of almost $800m and it saw synergies from the transaction of about $1bn.

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