Powertel
| Company type | Public |
|---|---|
| Industry | Telecommunications |
| Predecessor | Interstate Cellular, Inc. |
| Founded | May 1989 |
| Defunct | May 31, 2001 |
| Fate | Acquired by Deutsche Telekom AG and integrated into VoiceStream Wireless |
| Headquarters | West Point, Georgia , United States |
Area served | Southeastern United States |
| Products | Analog cellular and digital PCS services |
| Parent | Deutsche Telekom AG (from 2001) |
Powertel Inc. operated as a mobile network provider headquartered in West Point, Georgia, delivering both analog cellular and digital PCS services throughout the Southeastern region of the United States. The company was initially established in May 1989 under the name Interstate Cellular, Inc., functioning as a subsidiary of ITC Holding Company with the purpose of acquiring cellular licenses and managing network operations.
History
In April 1991, InterCel, Inc. was incorporated in Delaware, merging the assets of Interstate Cellular and WHI Partnership. The company went public on NASDAQ in October 1991, trading under the symbol ICEL.
InterCel expanded its subscriber base by acquiring Unicell, a cellular operator in Maine, in January 1993. This acquisition brought its customer count to 20,000 within a market totaling approximately 780,000 subscribers. In February 1994, InterCel collaborated with investors to establish Powertel PCS Partners L.P., aiming to build a GSM network spanning nine Southeastern states. Following successful spectrum auctions in March 1995, InterCel fully purchased Powertel PCS Partners and commenced construction of its digital GSM infrastructure.
The Unicell operation was divested to Rural Cellular Corporation in December 1996. Subsequently, in June 1997, InterCel underwent a corporate rebranding to become Powertel, Inc., accompanied by a ticker symbol change on NASDAQ to PTEL.
On May 3, 1999, Powertel divested its analog cellular business to Public Service Cellular for $89 million.
Eventually, on May 31, 2001, Powertel was acquired by Deutsche Telekom AG and integrated as a subsidiary under VoiceStream Wireless, which had also been acquired by Deutsche Telekom on the same date.
External links
- Deutsche Telekom
- Defunct telecommunications companies of the United States
- Defunct mobile phone companies of the United States
- Defunct companies based in Georgia (U.S. state)
- Telecommunications companies established in 1989
- American companies established in 1989
- American companies disestablished in 2001
- 1991 initial public offerings
- Telecommunications companies disestablished in 2001
- Companies formerly listed on the Nasdaq