AT&T agrees to acquire Leap Wireless (Cricket iPhone pre-paid carrier) to expand spectrum

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AT&T has announced that it has come to agreement to acquire U.S. carrier Leap Wireless (which operates the Cricket brand) for $15 per share. The acquisition will cover all of Leap Wireless’s assets, expanding AT&T’s coverage to Leap’s 5 million subscribers.

Leap, notably, runs a pre-paid deal for iPhones in the U.S.

This move enhances AT&T’s spectrum, retail store count, employee number, and more, so it is likely a positive move for its wireless customers. It’s possible that this announcement is related to the upcoming press event AT&T has scheduled for July 16th.

Press release below:

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