Leap Wireless News

Leap Wireless is a wireless communications carrier that offers digital wireless services in the U.S. under the “Cricket” brand. Its Cricket service offerings provide customers with unlimited nationwide wireless services for a flat rate without requiring a fixed-term contract or a credit check. Cricket service is offered by Cricket, a wholly-owned subsidiary of Leap. Cricket service is also offered in Oregon by its wholly-owned subsidiary, LCW Wireless Operations, LLC, or LCW Operations; in the upper Midwest by its wholly-owned subsidiary, Denali Spectrum Operations, LLC, or Denali Operations; and in South Texas by its joint venture, STX Wireless Operations, LLC, or STX Operations. Leap controls STX Operations through a 75.75% controlling membership interest in its parent company, STX Wireless, LLC, or STX Wireless. In addition, Leap owns an 85% non-controlling membership interest in Savary Island Wireless, LLC, or Savary Island, which holds wireless licenses and a related spectrum lease covering the upper Midwest portion of the U.S. outside of our Chicago and Southern Wisconsin operating markets.  Leap was formed as a Delaware corporation in 1998. Leap’s shares began trading publicly in September 1998, and it launched its innovative Cricket service in March 1999. Leap conducts operations through its subsidiaries and has no independent operations or sources of income other than interest income and through dividends, if any, from its subsidiaries. Source: SEC Filings