From Feedly: AT&T To Acquire Leap Wireless (Cricket) For Around $1.2B

Interesting that AT&T is buying out Cricket wireless. Kinda hate that the choices in cell phones are dwindling instead of expanding.

Hey, Cricket customers! You’re about to become AT&T customers. AT&T has just announced that they’ve agreed to acquire Leap Wireless, the parent company behind Cricket Wireless. As part of the deal, AT&T will be acquiring all of Leap’s towers, stores, and all 5.3 million of their subscribers. If the deal goes through, this will bump AT&T from 107 million subscribers to 112 — still just behind Verizon in the battle for the biggest US carrier. AT&T says that they plan to pay $15 dollars per share. With 79 million Leap shares outstanding, this works out to just short of $1.2B. Developing…

via TechCrunch



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