AT&T closes on Leap Wireless purchase; here comes "the new Cricket"

AT&T closes on Leap Wireless purchase; here comes
Earlier Thursday, we told you that the FCC had given AT&T a conditional approval to buy Leap Wireless. AT&T had to follow a number of tasks requested by the agency, in order for the transaction to win support from the FCC. Hours after AT&T received the go ahead to continue, the nation's second largest carrier announced that the deal had closed.

Leap's pre-paid subsidiary, Cricket Wireless, will integrate with AT&T's current pre-paid offerings to be called "the new Cricket," an independently operated, wholly owned subsidiary of AT&T. Cricket will soon have access to AT&T's 4G LTE network. Currently, Cricket's network covers 97 million people in 35 cities and there are 4.57 million customers of the pre-paid carrier as of the end of last month.

Earlier, we told you that AT&T will be receiving some spectrum with the purchase, and we can tell you that this covers some PCS and AWS air waves that fit in perfectly with AT&T's current holdings. It also includes unused spectrum that covers 41 million Americans. The nation's second largest carrier said that it will use this spectrum for 4G LTE service.

AT&T paid $15 a share for Leap and the stock will now be delisted from NASDAQ.

source: AT&T

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12 Comments

1. downphoenix

Posts: 3165; Member since: Jun 19, 2010

This can prove to be a good purchase for AT&T, I see them using this as a way to combat cheaper carriers. Hopefully they dont muck it up.

2. PapaSmurf

Posts: 10457; Member since: May 14, 2012

Cricket sucks in Chicago; great coverage for voice but terrible data speeds (identical to Sprint's super slow 3G). Let's see how well they perform later in 2014 now with AT&T taking over.

4. Landmarkcm

Posts: 507; Member since: Aug 11, 2009

Should be just as good as AT&T's. I switched to Aio from Tmobile & am quite satisfied. I wish they were keeping the Aio name. But at least there already emphasizing the "New" Cricket which is good since Cricket doesn't have the best reputation...

9. jroc74

Posts: 6023; Member since: Dec 30, 2010

Yea...doing my research I decided AIO/Cricket, MetroPCS would be the best pre paid carries. Anything dealing with Sprints 3G is gonna suck hard. Verizon....not too bad but GSM 3G is just so much better than CDMA now.

10. corporateJP

Posts: 2458; Member since: Nov 28, 2009

Aio has been solid for me. The bonus of Cricket integration started early with Aio matching their price plans for the most part, so everything got cheaper. It does suck that they are ditching the Aio name, as it was cool and Cricket does indeed have a bad reputation in some places.

11. downphoenix

Posts: 3165; Member since: Jun 19, 2010

true, but a bad reputation is better than no reputation, like Aio has.

3. darkvadervip

Posts: 366; Member since: Dec 08, 2010

Metro pcs let the war begin

5. cripton805

Posts: 1485; Member since: Mar 18, 2012

These big companies are starting to form monopolies. They see a threat and buy them out like Facebook.

6. andynaija

Posts: 1261; Member since: Sep 08, 2012

"Currently, Cricket's network covers 97 million people in 35 cities" hey Alan I think you meant to write that AT&T's network covers 110 million subscribers, not Cricket.

7. PapaSmurf

Posts: 10457; Member since: May 14, 2012

The original statement is correct...

12. andynaija

Posts: 1261; Member since: Sep 08, 2012

You're right my mistake, Cricket's network COVERS 97 million, but they HAVE 4.57 million customers. I get it now.

8. jroc74

Posts: 6023; Member since: Dec 30, 2010

This is what I was waiting for....cant wait. By the time I found out about AIO....I already heard about the Cricket purchase. Main reason I like this is because there are lots of Cricket stores near me....no AIO stores.Even tho...I just signed up for Boost and it was no hassle to activate my phone online myself. I just prefer having stores near me for any issues I run into, returning phones, etc.

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