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 was made public last July and now is around … [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 around as a possible acquisition target for T-Mobile[read full article]

Will T-Mobile Consider Making A Run At Leap Wireless?

There hasn’t been a shortage of T-Mobile takeover, merger, acquisition rumors in as long as I can remember, but at least this time around T-Mobile is yet again considered a potential buyer. According to Macquarie Capital analyst Kevin Smithen the timing may be right for a T-Mobile takeover of Leap Wireless. “T-Mobile’s share price has appreciated from around $15-per-share to $24-per-share, making a stock deal for Leap more palatable in our view,” … [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, a joint venture T-Mobile has a non-controlling majority stake within … [read full article]

MetroPCS CFO Doesn’t See An AT&T, T-Mobile Deal Happening Anymore

MetroPCS Communications Chief Financial Officer J. Braxton Carter expressed his belief today that AT&T’s attempt to buy T-Mobile is now very likely to fail. Carter spoke at the UBS AG event In New York and his words were notable as AT&T was once thought to be in talks with MetroPCS to buy some of T-Mobile’s divested spectrum. Carter further stated that attempts to save the deal is “almost kind of moot at … [read full article]

AT&T’s Tactics Just Keep Getting Better And Better, Said To Be In Talks With Leap Wireless To Acquire T-Mobile Assets

The last few days have taught us that AT&T is willing to go to extreme and almost ridiculous lengths to save their T-Mobile deal. Now, a new New York Times story takes the cake by indicating AT&T is working on an “11th-hour plan” to save it’s T-Mobile takeover. Reports have widely circulated the past few days stating that AT&T is planning on offering up almost 40% of T-Mobile in order to … [read full article]