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March 09, 2007

Cricket Communications Acquires Alaska Native Broadband 1

By Anuradha Shukla, TMCnet Contributing Editor

 
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.
 
Want to learn more about wireless services? Then be sure to check out TMCnet’s White Paper Library, which provides a selection of in-depth information on relevant topics affecting the IP Communications industry. The library offers white papers, case studies and other documents which are free to registered users.
 
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Anuradha Shukla is a contributing writer for TMCnet covering call centers, CRM and information technology.
 


 







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