Tag Archives: leap wireless

Leap Wireless lost 92k subscribers last quarter, blames T-Mobile

According to a report by FierceWireless, Leap Wireless has lost 27% of its customers over the past 18 months. 92,000 of those left in the final quarter of 2013. Who’s to blame? “Increasing competition from nationwide operators“, but mostly: T-Mobile and its MetroPCS brand. Interestingly, Leap Wireless is being bought out by T-Mobile’s fiercest rivals, AT&T. However, the difference between when the $1.2b bid … [read full article]

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]

T-Mobile, Leap Wireless Announce Spectrum Swap In Several US Markets

T-Mobile and Leap Wireless have announced a plan to exchange spectrum in several markets around the US to improve coverage for both carriers. The spectrum swap also includes Leap receiving spectrum in Phoenix, Houston, Galveston, and Bryan College Station. T-Mobile will receive spectrum in various markets throughout Alabama, Illinois, Missouri, Minnesota and Wisconsin. T-Mobile and Leap will also exchange spectrum with Cook Inlet, … [read full article]