T Mobile USA · 425 · Powertel Inc/DE · On 9/7/00

Filed On 9/7/00 5:16pm ET   ·   SEC File 0-23102   ·   Accession Number 898822-0-607

Business-Combination Transaction Communication   ·   Rule 425
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 425         Press Release                                          5     13K 

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                                       Filed by VoiceStream Wireless Corporation
                           Pursuant to Rule 425 under the Securities Act of 1933
                           and deemed to be filed pursuant to Rule 14a-12 of the
                                                 Securities Exchange Act of 1934
                                                 Subject Company: Powertel, Inc.
                                             Exchange Act File Number 000-231022

THE FOLLOWING PRESS RELEASE WAS DISSEMINATED BY VOICESTREAM WIRELESS
COPORATION AND DEUTSCHE TELEKOM AG ON SEPTEMBER 6, 2000 

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FOR IMMEDIATE RELEASE                                                           

 VOICESTREAM WIRELESS ANNOUNCES CLOSE OF $5 BILLION INVESTMENT
BY DEUTSCHE TELEKOM 

BELLEVUE, WA, SEPTEMBER 6, 2000 - VoiceStream Wireless Corporation  
(NASDAQ: VSTR) today announced the closing of Deutsche Telekom's (NYSE: DT; FSE:
DTE) investment of $5 billion in VoiceStream. The investment is in exchange for 
VoiceStream preferred stock, convertible in certain circumstances into common   
stock at a price of $160 per share. This investment was announced on July 24,   
2000, at the time the companies entered into a definitive merger agreement and  
related agreements.                                                             

John W. Stanton, VoiceStream's Chairman and CEO, said: "With this   
investment, we look forward to bringing even more wireless competition, more    
choice, and more services to more Americans. The investment provides early      
momentum for us to accelerate our nationwide build-out, purchase additional     
spectrum, upgrade our network and services, and participate in the upcoming U.S.
wireless license auctions."                                                     

      Stanton added, "We also look forward to continuing to work with regulators
and answer any questions on our merger with Deutsche Telekom. The VoiceStream   
and Deutsche Telekom combination, along with this initial investment, will      
enable us to enter additional markets, expand our existing networks, and enhance
services in present service areas. As we do this there will be greater incentive
for all wireless companies to offer more features while continuing very         
competitive pricing. As this occurs, consumers win."                            

     Ron Sommer, Chairman and CEO of Deutsche Telekom, stated, "We are pleased
that this $5 billion investment has closed. This capital will enable VoiceStream
to move even faster in implementing its strategy to provide a greater number of 
American customers with enhanced                                                

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wireless services. The investment in VoiceStream and our planned merger are     
consistent with Deutsche Telekom's track record of encouraging innovation in    
wireless services and giving consumers in many different countries what they    
want. Along with VoiceStream, we look forward to continuing through the U.S.    
regulatory review process of the VoiceStream and Deutsche Telekom merger."      

    VoiceStream is one of the fastest-growing companies in the U.S. wireless
industry. It provides all-digital service and is the only national provider in  
the United States using the global wireless standard (GSM), which is the most   
widely used standard worldwide.                                                 

The merger of VoiceStream and Deutsche Telekom is subject to U.S.   
regulatory approvals and clearances, including by the Federal Communications    
Commission, the Department of Justice, and the multi-agency Committee on Foreign
Investment in the United States, approval by VoiceStream shareholders, and      
customary closing conditions.                                                   

ABOUT VOICESTREAM                                                               
Based in Bellevue, WA, VoiceStream Wireless is a leading provider of wireless   
communications services in the United States. Nearly three out of every four    
people in the United States live in areas currently licensed to be served by    
VoiceStream or its affiliates. VoiceStream is the largest provider of personal  
communication services using the globally accepted GSM technology in the United 
States. VoiceStream is a member of the North American GSM Alliance LLC, a group 
of U.S. and Canadian digital wireless PCS carriers. The GSM Alliance helps      
provide GSM wireless communications for their customers in more than 5,500 U.S. 
and Canadian cities and towns as well as international service. Adopted by 149  
countries, GSM is the most widely used digital wireless standard in the world   
with more than 330 million subscribers on six continents, which offers an       
unprecedented roaming advantage to GSM wireless consumers. VoiceStream has      
roaming agreements with more than 125 of the major operators worldwide providing
service in 55 countries. Visit the VoiceStream web site at www.voicestream.com. 

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ABOUT DEUTSCHE TELEKOM                                                          
Deutsche Telekom is Europe's largest telecommunications company and the fourth  
largest carrier worldwide, with 1999 revenues of EUR 35.5 billion ($ 35.7       
billion). Deutsche Telekom offers its customers a complete range of products and
services through more than 48 million telephone lines. It is a leading provider 
of high-speed digital access lines, with more than 15.3 million marketed ISDN   
channels, and new ADSL services that will be available in 60 percent of Germany 
by the end of 2000 and 90 percent of the country by the end of 2001. In online  
services, Deutsche Telekom's subsidiary T-Online is Europe's largest Internet   
provider with more than 6.0 million customers. Via its mobile subsidiary        
T-Mobile, Deutsche Telekom serves approximately 21.3 million mobile telephony   
customers in Europe through majority-controlled operations. Deutsche Telekom    
will become the second largest European provider of information technology      
solutions to multinational companies worldwide upon regulatory approval of its  
majority investment in debis Systemhaus. Visit the Deutsche Telekom web site at:
www.telekom.de/international.                                                   

This press release contains certain statements that are neither reported        
financial results nor other historical information. These statements are        
forward-looking statements within the meaning of the safe-harbor provisions of  
the U.S. federal securities laws. Because these forward-looking statements are  
subject to risks and uncertainties, actual future results may differ materially 
from those expressed in or implied by the statements. Many of these risks and   
uncertainties relate to factors that are beyond the companies' ability to       
control or estimate precisely, such as future market conditions, currency       
fluctuations, the behavior of other market participants, the actions of         
governmental regulators and other risk factors detailed in VoiceStream's and    
Deutsche Telekom's reports filed with the Securities and Exchange Commission.   
Readers are cautioned not to place undue reliance on these forward-looking      
statements, which speak only as of the date of this press release. The companies
do not undertake any obligation to publicly release any revisions to these      
forward-looking statements to reflect events or circumstances after the date of 
this press release.                                                             

Investors and security holders are advised to read the proxy                    
statement/prospectus regarding the VoiceStream-Deutsche Telekom merger          
referenced in this press release, when it becomes available, because it will    
contain important information. The proxy statement/prospectus will be filed with
the Securities and Exchange Commission by VoiceStream and Deutsche Telekom.     
Security holders may obtain a free copy of the proxy statement/prospectus (when 
available) and other related documents filed by VoiceStream and Deutsche Telekom
at the Commission's website at www.sec.gov or at the Commission's public        
-----------       
reference room located at 450 Fifth Street, NW, Washington D.C 20549 or at one  
of the Commission's other public reference rooms in New York, New York and      
Chicago, Illinois. Please call the Commission at 1-800-SEC-0330                 

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for further information of the public reference rooms. When available, the proxy
statement/prospectus and the other documents may also be obtained from Deutsche 
Telekom by contacting Deutsche Telekom, Attention: Petra Michalscheck, Investor 
Relations, 140 Friedrich-Ebert-Allee, 53113 Bonn, Germany and/or Deutsche       
Telekom, Inc., Attention: Brigitte Weniger, 280 Park Avenue, 26th Floor, New    
York, New York 10017; and VoiceStream Wireless Corporation by contacting        
VoiceStream Wireless Corporation, Attention: Ken Prussing, Executive Director,  
Investor Relations, 3650 131st Avenue SE, Bellevue, WA 98006.                   

VoiceStream and its directors, executive officers and certain other members of  
VoiceStream management and employees may be soliciting proxies from VoiceStream 
stockholders in favor of the merger. Information concerning the participants    
will be set forth in the proxy statement/ prospectus when it is filed with the  
Securities and Exchange Commission                                              

CONTACT INFORMATION:                                                            

VoiceStream                                                                     
-----------                                                                     
Investors: Ken Prussing, 877-853-8682                                           
Media:  Kim Thompson, 425-653-5027                                              
Shandwick: Mark Day, 202/585-2104                                               

Deutsche Telekom                                                                
----------------                                                                
Investors: Nils Paellmann, 212-424-2951                                         
Media: Bill McAndrews, 011-49-171-561-5441                                      
Kekst and Company: Todd Fogarty, 212-521-4854                                   

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Dates Referenced Herein   and   Documents Incorporated By Reference

				Referenced-On Page
This 425 Filing		Date		First		Last			Other Filings
		7/24/00		2					425, DEFA14A
		9/6/00		1		2			8-K, SC 13D
Filed On / Filed As Of		9/7/00							425
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