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Powertel (United States)

From Wikipedia, the free encyclopedia

Powertel Inc.
TypePublic
NASDAQ: PTEL
IndustryWireless Telecommunications
FateAcquired by Deutsche Telekom AG
PredecessorPowertel PCS Partners L.P.
SuccessorVoiceStream Wireless Inc.
FoundedMay 1989 (1989-05) as Interstate Cellular, Inc.
DefunctMay 31, 2001 (2001-05-31)
Headquarters,
U.S.
Area served
Mississippi, Georgia, Alabama, Tennessee, Kentucky, Florida Panhandle and neighboring areas
ProductsEricsson T28 World phone
Motorola T2282 Talkabout
ServicesPersonal Power Plans
The 50-State Rates
Powertel Data
Revenue$464.2 million (2000)
$6.5 million (2000)
Number of employees
2,600 (2000)
Websitepowertel.com
Footnotes / references
[1][2]

Powertel Inc. was a mobile network operator headquartered in West Point, Georgia, United States that provided analog cellular and digital PCS mobile communications services in the Southeastern United States. Powertel traces its roots to the May, 1989 incorporation in Georgia of Interstate Cellular, Inc., a wholly owned subsidiary of ITC Holding Company, Inc. Interstate Cellular was formed to acquire cellular telephone licenses and construct and operate cellular telephone systems.

History

InterCel, Inc. was incorporated in Delaware in April 1991 and became the owner of the assets of both Interstate Cellular, Inc. and WHI Partnership. In October 1991, InterCel, Inc. became a publicly traded company, offering stock on the NASDAQ under the ticker symbol ICEL.

InterCel acquired Unicell, a provider of cellular communications service in Maine, in January 1993. The combined company had 20,000 subscribers in a market area that covers a population of 780,000 people.

In February 1994, InterCel and other investors formed Powertel PCS Partners L.P. to develop, construct and operate a GSM mobile cellular network that would provide services in nine Southeastern states. In March 1995, Powertel PCS Partners submitted winning bids for wireless spectrum covering parts of nine Southeastern states. InterCel acquired all outstanding interests in Powertel PCS Partners, making Powertel PCS a wholly owned subsidiary, and Powertel began to build a digital GSM network to operate on the recently acquired spectrum.

In December 1996, InterCel agreed to sell Unicel to Rural Cellular Corporation.

In June 1997, InterCel, Inc. changed its name to Powertel, Inc. and changed its NASDAQ stock ticker symbol to PTEL.[3]

On May 3, 1999, InterCel sold its analog cellular operations to Public Service Cellular, Inc. for US$89 million.

Powertel, Inc. was acquired by Deutsche Telekom AG on May 31, 2001, and was made a subsidiary of VoiceStream Wireless, Inc., which was acquired by Deutsche Telekom on the same day.[4][5]

References

  1. ^ "powertel.com > About Us > Company Info > Company Chronology". 17 April 2001. Archived from the original on 17 April 2001.CS1 maint: BOT: original-url status unknown (link)
  2. ^ "powertel.com > Learn > Rate Plans > Calculator". 31 March 2001. Archived from the original on 31 March 2001.CS1 maint: BOT: original-url status unknown (link)
  3. ^ "InterCel, Inc. To Change Corporate Name To Powertel, Inc. on July 1 New Nasdaq Symbol - PTEL. - Free Online Library". www.thefreelibrary.com.
  4. ^ "powertel.com > About Us > Company Info > Company Chronology". 17 April 2001. Archived from the original on 17 April 2001.CS1 maint: BOT: original-url status unknown (link)
  5. ^ "Powertel - Powertel - Investor Relations". 29 February 2000. Archived from the original on 29 February 2000.CS1 maint: BOT: original-url status unknown (link)
This page was last edited on 11 October 2020, at 22:37
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