Wifi Revolution

 

Leap Wireless International (News - Alert), Inc., announced Thursday that its wholly owned subsidiary, Cricket Communications, Inc. (Cricket), completed the acquisition of Alaska Native Broadband 1, LLC (ANB 1) from Alaska Native Broadband (ANB) for $4.7 million cash.

 

Cricket acquired a 75 percent non-controlling membership interest in ANB 1 in November 2004. In January this year ANB decided to exercise its option to sell its entire 25 percent controlling interest in ANB 1 to Cricket. The company therefore purchased the remaining 25 percent of ANB 1 from ANB.

 

The application to transfer control of ANB 1 License to Cricket has been approved by the

Federal Communications Commission (FCC (News - Alert)).

 

Alaska Native Broadband 1 License, ANB 1’s wholly owned subsidiary purchased several licenses in the FCC's Auction #58 ,which cover approximately 10.1 million covered POPs included: Cincinnati, Ohio; Lexington and Louisville, Ky.; Colorado Springs, Colo.; Austin, San Antonio, El Paso and Bryan, Texas; and Las Cruces, New Mexico.

 

Leap Wireless recently participated in the 28th Annual Raymond James Institutional Investors Conference at the Hyatt Regency Grand Cypress in Orlando, Fla., March 4 - 7, 2007.

 

Headquartered in San Diego, Calif., Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. Leap pioneered both the Cricket and Jump Mobile services.

 

 

 

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