Leap Wireless International (News
), 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
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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Anuradha Shukla is a contributing writer for TMCnet covering call centers, CRM and information technology.