AT&T to drop Aio name after merger with Leap Wireless closes

AT&T to drop Aio name after merger with Leap Wireless closes
Back in July, AT&T announced that it would buy Leap Wireless and its Cricket subsidiary. If the deal closes, AT&T says that it will merge the operations of Cricket with its own recently launched pre-paid service, Aio. The combination would operate under the Cricket name. Aio had a limited launch in May followed by the nationwide rollout of the brand in September. 230 stores have opened in Texas, Florida and Georgia owned by independent dealers. With pricing ranging from $40 to $70 a month, AT&T had planned on covering 220 million POPs with Aio by 2016.

But those plans had to be changed when the nation's second largest carrier proposed the purchase of Cricket parent Leap Wireless in July for $1.2 billion. Leap shareholders will vote on the deal on October 24th. AT&T says that it hopes to close the transaction sometime this year. A look at the carrier's August 1st "public interest" filing with the FCC indicated that Aio still faced plenty of challenges ahead which is probably why the Cricket brand will be the one left standing after the deal closes.


source: FierceWireless

FEATURED VIDEO

Latest Stories

This copy is for your personal, non-commercial use only. You can order presentation-ready copies for distribution to your colleagues, clients or customers at https://www.parsintl.com/phonearena or use the Reprints & Permissions tool that appears at the bottom of each web page. Visit https://www.parsintl.com/ for samples and additional information.
FCC OKs Cingular's purchase of AT&T Wireless