<PAGE>
Exhibit 99.1
[LOGO OF TRITON PCS]
================================================================================
1100 Cassatt Road
Berwyn, PA 19312
Phone: 610.722.4448
Fax: 610.993.2683
For Immediate Release
January 11, 2001
Triton PCS Plans Private Offering of Senior Subordinated Notes
Berwyn, Pa., Jan. 11 - Triton PCS, Inc. today announced that it intends to
pursue a $250 million private placement of Senior Subordinated Notes (the
"Notes") due 2011. The company plans to use the net proceeds from this private
placement for capital expenditures, including the continued build-out of Triton
PCS's network, working capital, and general corporate purposes.
The Notes will be offered to qualified institutional buyers under Rule 144A and
to persons outside the United States under Regulation S. The Notes will not be
registered under the Securities Act of 1933, as amended (the "Securities Act"),
and, unless so registered, may not be offered or sold in the United States
except pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and applicable state securities
laws. This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of the Notes in any
state in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
Triton PCS, Inc. is a wholly-owned subsidiary of Triton PCS Holdings, Inc.
(Nasdaq: TPCS). Based in Berwyn, Pennsylvania, the company is a leading provider
of digital wireless phone service in the Southeast licensed to operate in a
contiguous area covering more than 13 million people in Virginia, North
Carolina, South Carolina, northern Georgia, northeastern Tennessee and
southeastern Kentucky. The company markets its services under the brand SunCom,
a member of the AT&T Wireless Network.
For more information on Triton PCS and its products and services, visit the
company's websites at: www.tritonpcs.com and www.suncom.com.
----------------- --------------
Statements in this press release regarding Triton PCS's business that are not
historical facts may be "forward-looking statements." Forward-looking statements
are inherently subject to risks, uncertainties and assumptions. Important
factors that could cause actual results to differ materially from any such
forward-looking statements are identified in the reports and documents Triton
files from time to time with the U.S. Securities and Exchange Commission.
# # #
Contacts:
--------
Brainerd Communicators Triton PCS Holdings, Inc.
Lenny Santiago Maria Olagues/Christine Davies
Phone: 212-986-6667 Phone: 610-722-4448 or 610-722-4462
[email protected] [email protected]/[email protected]
