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Published on 9/17/2007 in the Prospect News Bank Loan Daily and Prospect News High Yield Daily.

S&P: SunCom on positive watch

Standard & Poor's said it placed its ratings on SunCom Wireless Holdings Inc., including the B- corporate credit rating, on CreditWatch with positive implications.

The agency said that the CreditWatch placement follows T-Mobile USA's definitive agreement to acquire 100% of the common stock of SunCom for about $2.4 billion, including the assumption of debt.

The agency noted that it sees the expanded wireless footprint to be gained from the SunCom acquisition as strategically important to T-Mobile USA, adding that it also anticipates that SunCom assets will be integrated into T-Mobile's network.


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