Featured Mobileburn Video

Leap stockholders agree to AT&T merger

Newsbrief by Andrew Kameka on Thursday October 31, 2013.

at&t · cricket · carrier news · andrew kameka

Sponsored links, if any, appear in green.

Leap Wireless, the prepaid service provider that operates Cricket Wireless, has gained the approval of its shareholders to sell the company to AT&T. Leap reached a deal to sell to AT&T for $1.2 billion this summer, and 99 percent of its stockholders approved the sale today. The transaction still requires approval from the FCC and Department of Justice, which could arrive in 4 to 6 months. If approved, AT&T would gain Leap's wireless spectrum, 5 million customers, and 3,400 employees.

source: Leap, via: Phonescoop

blog comments powered by Disqus

Related Stories