Friday, July 12, 2013

AT&T to acquire Leap Wireless and Cricket subsidiary for $1.19 billion

AT&T to acquire Leap Wireless and Cricket subsidiary for $1.19 billion

Just because AT&T and T-Mobile fell out of love before their big wedding day doesn't mean AT&T isn't ready to get out there and start dating again. In fact, they wasted no time in finding another potential suitor. Today, AT&T announced their proposal to acquire Cricket (Leap Wireless) for $1.19 billion ($15 a share). If that sounds like a lot of dough, keep in mind Leap Wireless currently holds about 5 million customers via Cricket, a pre-paid wireless provider already covering 21 million people in 4G LTE. So, what does AT&T have planned? First off, the Cricket brand isn't going away.

Android Phone , AT&T to acquire Leap Wireless and Cricket subsidiary for $1.19 billion, AT&T to acquire Leap Wireless and Cricket subsidiary for $1.19 billion

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