US operator AT&T has agreed to acquire prepaid wireless rival Leap Wireless for around $1.2bn in cash. In total, the operator will spend $15 per share on Leap’s stock and wireless assets, including spectrum licenses, network equipment and retail stores.
In a market where spectrum is becoming an increasingly valuable asset, US carrier Verizon Wireless has secured approval for its purchase of 122 AWS spectrum licences from cable companies Comcast, Time Warner Cable and Bright House Networks for $3.6bn. It will also complete transactions with Leap Wireless, Savary Island Wireless and T-Mobile, after the US Federal Communications Commission (FCC), approved the deals.
Embattled LTE startup LightSquared’s woes appear not to have put off prospective customers, as the company announced yesterday that VoIP provider netTalk had joined Sprint, Best Buy and Leap Wireless as a wholesale customer of the telco.
Regional US mobile operator, Leap Wireless, said Sunday that it has rejected an unsolicited offer from rival company MetroPCS. In a letter from one board to another, the managers of Leap said: “Your publicly-announced merger proposal, however, is completely inadequate in a number of critical areas.” The response continued in much the same vein, leaving […]
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