T-Mobile USA unit reached a deal to buy
SunCom Wireless Holdings
for $1.6 billion in cash.
Mobile communications company T-Mobile will also take on about $800 million of SunCom debt.
SunCom offers digital wireless communications services to consumers in the southeastern U.S., Puerto Rico and the U.S. Virgin Islands, and it has more than 1 million subscribers. Its shares gained $3.85 to $25.85.
Deutsche Telekom's American depositary shares were up 8 cents to $19.10.