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The Daily Deal was breaking news before the first newspapers were even delivered. On Sept. 15, 1999, we reported that VoiceStream Wireless Corp. was acquiring Aerial Communications,
Inc. for $1.8 billion. (See the original story in The Deal Pipeline.) The deal valued Aerial stock at about
$25.50, or a 27.5% premium over its preannouncement stock price.
VoiceStream-Aerial would be the first of hundreds of scoops during our first 10 years. It was also the first of hundreds of articles about VoiceStream, whose rocky deal history is illustrative of the fate of many of its telecom peers.
Less than a year later, Deutsche Telekom offered $50 billion for VoiceStream. At $13,000 per subscriber, the deal was the most expensive wireless buyout of its time.
After the deal closed, VoiceStream was rebranded T-Mobile USA. It took
years to absorb the operation and massive debt load from the
transaction, but despite many rumors, DT never sold off T-Mobile. - Tom Groppe
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