T-Mobile USA has acquired SunCom Wireless for $2.4bn (€1.7bn), in an agreement that expands parent company Deutsche Telekom's US presence and provides a means to sustain the loss-making company.

The deal includes $1.6bn in cash and $800m in debt. The agreement values SunCom's stock at $27 per share, a 22.7% premium over the close of trading on Friday.