AT&T to buy Leap Wireless for $15 per share

AT&T dropped an interesting bit of news this afternoon with the announcement that it'll purchase Leap Wireless in its entirety at a price of $15 per share. For many, Leap is better known by its consumer-facing brand, Cricket, a prepaid wireless provider that holds nearly 5 million subscribers. In exchange, AT&T will acquire Leap's customers, retail stores and network licenses, which span 35 states across the PCS and AWS bands. Leap Wireless' stock closed at $7.98 today, but has since shot past $16 per share in after hours trading.

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Filed under: Wireless, Mobile

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Source: http://www.engadget.com/2013/07/12/atandt-to-buy-leap-wireless/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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