This article is about a wireless telecommunications company. For disambiguation, see LEAP (disambiguation).
Leap Wireless International, Inc.
Company type
Subsidiary
Industry
Telecommunications
Founded
1999; 25 years ago (1999)
Defunct
March 13, 2014; 10 years ago (March 13, 2014)
Fate
Acquired by AT&T
Headquarters
San Diego, California
,
United States
Revenue
US$ $694 million (Q4 2013)
Net income
US$ $160 million (Q4 2013)
Parent
AT&T
Subsidiaries
Cricket Wireless Jump Mobile Pocket Communications (76%)
Leap Wireless International, Inc. was a telecommunications operator that provided wireless services to approximately 4.6 million subscribers, the 5th largest, through its subsidiary, Cricket Communications, Inc. (Cricket Wireless). It was headquartered in San Diego, California. Leap Wireless and Cricket Wireless are now subsidiaries of AT&T.
Leap was founded in 1999 and was built on the premise of unlimited services with no contracts and no credit checks, providing access to wireless services to customers who couldn’t otherwise afford it, didn't want the long-term commitment of a one- or two-year contract, or had a moral or religious objection to a credit check. A credit check is normally required for contract plans offered by telecommunications companies.
Leap has all-digital CDMA 1X, EV-DO and LTE networks that have expanded significantly in the past few years.[1]
On July 12, 2013, AT&T agreed to buy Leap Wireless for $1.2 billion.[2] On March 13, 2014, the Federal Communications Commission approved the merger between AT&T and Leap Wireless.[3] On the same day, Leap announced the completion of the acquisition by AT&T.[4]
^"Leap Reports Fourth Quarter and Full-Year Results - Feb 20, 2013". leapwireless.mediaroom.com. 2013. Retrieved 2013-03-24.
^Yu, Roger (July 13, 2013). "AT&T to buy Leap Wireless for $1.2 billion". USA Today. Retrieved July 13, 2013.
^Cite error: The named reference FCC was invoked but never defined (see the help page).
^"AT&T/Leap Merger - March 13, 2014". leapwireless.mediaroom.com. 2014. Archived from the original on March 14, 2014. Retrieved 2014-03-13.
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Global Information
US$ $694 million (Q4 2013)