Shareholders of Leap Wireless have voted to allow the company to be purchased by AT&T in a deal that was first announced this past July
. That was when the nation's second largest carrier proposed its $15 a share or $1.2 billion acquisition of the parent of pre-paid carrier Cricket
. Over 99% of the votes cast on Wednesday were in favor of the transaction. More importantly for Leap executives, 78% of the shares voted in favor of the advisory proposal regarding executive compensation.
Earlier this month, we told you that once AT&T closes on the deal to buy Leap, it will merge Cricket with its Aio Wireless operation
and use the more well-known Cricket name. Aio had a limited rollout in May and then opened 230 stores in Texas, Florida and Georgia
Before the deal closes, it still requires regulatory approval from the FCC and Department of Justice.