AT&T's purchase of Leap Wireless for $15 per share, or about $1.19 billion, and its integration of that company's PCS and AWS band spectrum, covering 137 million people, into its existing spectrum licenses will be a major cog in Project Velocity IP (Project VIP), the carrier's multibillion-dollar wireless/wireline expansion of U-verse.
AT&T's plan to take over prepaid wireless operator Leap Wireless is primarily about gaining much needed spectrum for mobile broadband services.
AT&T Mobility will acquire no-contract wireless carrier Leap Wireless for $1.2 billion, or $15 per share. The deal will give AT&T approximately 5 million prepaid subscribers, a network in 35 states and access to more spectrum. Leap currently has about $2.8 billion in debt. AT&T currently has about 107.3 million subscribers.
T-Mobile US CEO John Legere hinted at a new prepaid offering from the company, called Apollo 15, that will target Leap Wireless' Cricket-branded prepaid customer base. In addition, he said he is 'intrigued' by Dish Network Chairman Charlie Ergen's vision of combining the company with a wireless carrier, but also said that the two companies aren't talking.
With its integration of MetroPCS' assets proceeding smoothly, is T-Mobile US gearing up to acquire yet another regional operator, such as Leap Wireless?
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Regional carrier C Spire Wireless said it will expand its LTE coverage area in Mississippi later this summer and also will bring LTE service to parts of Alabama and Florida by year-end.
LAS VEGAS--Executives from Cricket provider Leap Wireless strongly hinted that the company's LTE roaming deal is with Sprint Nextel, which already has a nationwide 3G CDMA roaming deal with Cricket.
Verizon Wireless launched new prepaid pricing that significantly increases the amount of data its prepaid smartphone customers can consume per month with their plans, as competition in the prepaid market, especially among Tier 1 players, continues to heat up.
Cricket provider Leap Wireless is exploring how to use big data analytics to help improve the customer experience for its no-contract subscriber base, wading gingerly into the world of big data that larger carriers seem intent on exploiting in the years ahead.