Leap Wireless agreed to pay $30 million for the wireless assets of Hargray Wireless, including its 15 MHz wireless spectrum license, its network and most of its subscriber base. The acquisition will help Leap subsidiary Cricket expand to parts of Georgia and South Carolina.
The deal will help the company "avoid much of the cost associated with building a market from the ground up," Leap CEO Doug Hutcheson stated.
For more on the deal:
- read this AP article [1]
Links:
[1] http://www.fool.com/news/associated-press/2007/12/12/leap-to-buy-hargrays-wireless-business.aspx