M&A Deal Summary

T-Mobile US Acquires Sol Communications

On January 1, 2001, T-Mobile US acquired communications company Sol Communications from Alta Equity Partners

Acquisition Highlights
  • This is T-Mobile US’s 2nd transaction in the Communications sector.
  • This is T-Mobile US’s 2nd transaction in the United States.
  • This is T-Mobile US’s 1st transaction in New Mexico.

M&A Deal Summary
Date 2001-01-01
Target Sol Communications
Sector Communications
Buyer(s) T-Mobile US
Sellers(s) Alta Equity Partners
Deal Type Add-on Acquisition

Target

Sol Communications

Albuquerque, New Mexico, United States
Sol Communications was a wireless company that provided PCS services in South Texas and operates as a joint venture with VoiceStream.

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Buyer(S) 1

Buyer

T-Mobile US

Bellevue, Washington, United States
Category Company
Founded 1944
Sector Communications
Employees67,000
Revenue 78.6B USD (2023)
DESCRIPTION
T-Mobile office in Parsippany, New Jersey.
T-Mobile office in Parsippany, New Jersey.

T-Mobile US is a provider of wireless communications services, including voice, messaging and data to customers in the postpaid, prepaid, and wholesale markets. T-Mobile USA provides services, devices and accessories across its brands, T-Mobile and MetroPCS, through Company owned and operated retail stores, third party distributors and its websites. T-Mobile US was founded in 1994 and is based in Bellevue, Washington.

DEAL STATS #
Overall 3 of 12
Sector (Communications) 2 of 9
Type (Add-on Acquisition) 3 of 9
State (New Mexico) 1 of 1
Country (United States) 2 of 11
Year (2001) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-13 Omnipoint Technologies

Bellevue, Washington, United States

Omnipoint Technologies, Inc. creates wireless data products based on GPRS technology.

Sell $52M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-31 Powertel

West Point, Georgia, United States

Powertel, Inc. provides digital wireless personal communications services (PCS) in the southeastern United States under the name Powertel.

Buy -

Seller(S) 1

SELLER

Alta Equity Partners

Concord, Massachusetts, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
Size Small
Type Sector Agnostic
DESCRIPTION

Alta Equity Partners is a private equity firm focused on acquiring lower middle-market, US-based companies. The Firm is a generalist investor but targets companies exhibiting recurring revenue business models, low capital intensity, proven management, and opportunities for growth. Prospective transaction situations of interest include recapitalizations, management buyouts, divestitures, and special situations. Alta Equity Partners was formerly known as Alta Communications. Alta Communications was formed in 1989 and the Firm changed its name to Alta Equity Partners in 2010. Alta Equity Partners is based in Concord, Massachusetts.

DEAL STATS #
Overall 20 of 45
Sector (Communications) 13 of 20
Type (Add-on Acquisition) 18 of 36
State (New Mexico) 2 of 2
Country (United States) 19 of 43
Year (2001) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-01-01 Benchmark Communications

Metairie, Louisiana, United States

Benchmark Communications was a cable television operator that acquired 60,000 subscribers located throughout the southeastern US.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2002-01-01 JP Broadcasting

New Orleans, Louisiana, United States

JP Broadcasting was formed by Chris Devine and Alta Communications to operate one FM radio station in New Orleans, LA.

Sell -
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