Posts by David Beren

AT&T To Acquire Leap Wireless For $1.19 Billion Dollars

In a slightly shocking move, AT&T announced it has agreed to acquire Leap Wireless for $1.19 billion in cash. The deal, which works out to $15 per share for Leap shareholders is a 88% premium on the Leap closing price this afternoon. AT&T announced the deal includes Leap’s licenses, network assets, retail stores and around five million subscribers. Leap has long been tossed [read full article]

Sprint Prepares To Challenge T-Mobile With One-Size-Fits-All Rate Plan

While T-Mobile’s CEO John Legere and CTO Neville Ray made no attempt to hide their laughter at Sprint’s pitiful data network, the “Now” network is preparing to challenge T-Mobile right back. The folks at PhoneArena received the image via an anonymous tipster and Engadget has learned the plans are correct and could kick off as early as tomorrow, Friday, July 12th. Sprint looks to replace … [read full article]