Join GamesBeat Summit 2021 this April 28-29. Register for a free or VIP pass today.
Under the agreement, AT&T will acquire all of Leap’s stock, wireless assets, and its 5.3 million subscribers.
Leap Wireless’ share price closed today at $7.98, so AT&T will pay an 88 percent premium to acquire it.
The move appears to be good news for Cricket customers. AT&T plans to retain the Cricket name on stores, give Cricket customers access to its network, and bring Cricket to more cities in the U.S.
It’s also positive for AT&T subscribers because they will be able to take advantage of Leap’s network. Leap’s network covers about 96 million people in 35 states across the U.S. Under the Cricket brand name, the service offers a 3G CDMA network and a 4G LTE network.
VentureBeatVentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative technology and transact. Our site delivers essential information on data technologies and strategies to guide you as you lead your organizations. We invite you to become a member of our community, to access:
- up-to-date information on the subjects of interest to you
- our newsletters
- gated thought-leader content and discounted access to our prized events, such as Transform 2021: Learn More
- networking features, and more