NEW YORK-Triton PCS Holdings Inc., Malvern, Penn., an AT&T Wireless Services Inc. affiliate, filed with the Securities and Exchange Commission Aug. 13 for an initial public offering of up to $125 million.
Triton, which had 78,364 customers as of June 30, had begun offering by that date service in 15 markets with a total population of 8.7 million, said Michael Kalogris, chief executive officer.
By year-end, it expects to complete its second phase of network construction and offer service in an additional 18 markets in the Southeast.
The personal communications services carrier has radio-frequency licenses covering about 13 million people in a contiguous area that includes portions of Virginia, North and South Carolina, Tennessee, Georgia and Kentucky.
Proceeds of the offering will be used for capital expenditures associated with the infrastructure buildout and for sales and marketing and other purposes.
Morgan Stanley Dean Witter and Lehman Brothers Inc. jointly will lead the underwriting syndicate for Triton’s IPO.
