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Telecorp PCS Files for IPO

Bnamericas
United States-based mobile operator TeleCorp PCS has filed a registration statement with the Securities and Exchange Commission for an initial public offering of shares in its class A common stock. The offering will be managed by New York-based investment banks Salomon Smith Barney and Lehman Brothers and co-managed by Deutsche Bank Alex Brown and Merrill Lynch. Telecorp PCS is an affiliate of United States-based telecommunications company AT&T (NYSE: T) and operates under the SunCom brand name in Puerto Rico and 16 other US locations.

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