Leap's impressive Q4: adds 152K net subs

Leap Wireless added an impressive 152,000 net new customers during the fourth quarter of last year. The carrier finished out the year with some 2.86 million customers and a quarterly churn rate of 4.2 percent. The metrics beat out expectations for Leap, which said it expected additions between 70,000 and 130,000 subscribers in December and a churn rate of between 4.5 percent and 4.7 percent.

"We are pleased with the company's end-of-year performance in adding new customers and reducing churn," said CEO Doug Hutcheson. "Strong customer uptake during the conclusion of the holiday buying season helped deliver results ahead of our expectations on these two metrics, demonstrating the strength of our business as we head into the new year."

For more on Leap's better than expected Q4:
- read this press release

Suggested Articles

Dish Networks continues to lend out its spectrum resources to carriers so they can bolster capacity during the COVID-19 crisis.

WISPs received permission to use 45 MHz of 5.9 GHz spectrum to help meet the surge in demand as a result of the coronavirus pandemic.

AT&T introduced a new low-cost wireless plan for Cricket and AT&T prepaid customers, along with additional data allowances for two months.