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twitterCell phone operator sold for $5.8 billion
Monday, Aug. 28, 2000 | 11:15 a.m.
WEST POINT, Ga. -- VoiceStream Wireless Corp., the nation's eighth largest mobile telephone carrier, agreed to buy cell phone company Powertel Inc. for roughly $5.8 billion.
West Point-based Powertel said it has about 727,000 subscribers as well as licenses in 12 states covering 25 million potential subscribers. Powertel's customer base is in the southeastern United States, where Bellevue, Wash.-based VoiceStream is currently weak.
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