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  • AT&T Acquiring Leap Wireless for $1.19 Billion


    AT&T has just announced plans to acquire prepaid-wireless company Leap Wireless International. AT&T says it will absorb the company behind the Cricket brand for approximately $1.19 billion in cash.

    Confirmed by the Wall Street Journal, the deal is "intended to kick-start the carrier's expansion into the low-cost market and values Leap shares at $15 a piece, a roughly 88% premium to the company's closing price Friday."

    Although AT&T hasn't said much about the acquisition yet, we're told the deal will include Leap's various licenses, network assets, retail stores and - this could be the biggest part - approximately five million subscribers.

    For now, AT&T plans to retain the Cricket brand name and, best of all for current Cricket subscribers, provide its customers with access to AT&T's 4G network.

    Naturally, the deal is subject to review by U.S. antitrust authorities but if all goes as planned, the deal will close in six to nine months.

    Source: WSJ
    This article was originally published in forum thread: AT&T Acquiring Leap Wireless for $1.19 Billion started by Michael Essany View original post
    Comments 11 Comments
    1. cmwade77's Avatar
      cmwade77 -
      There goes some of the competition....expect to see higher priced plans coming from AT&T's prepaid division and Cricket's prices to go up as well.
    1. vinaygoel2000's Avatar
      vinaygoel2000 -
      You really thought Cricket was giving competition to AT&T?
    1. Carvensno's Avatar
      Carvensno -
      Quote Originally Posted by cmwade77 View Post
      There goes some of the competition....expect to see higher priced plans coming from AT&T's prepaid division and Cricket's prices to go up as well.
      And what about this?? Nothing said about this take over!!!

      SoftBank Now Firmly in Control of Sprint After $21.6 Billion Deal
    1. StuG III's Avatar
      StuG III -
      Quote Originally Posted by cmwade77 View Post
      There goes some of the competition....expect to see higher priced plans coming from AT&T's prepaid division and Cricket's prices to go up as well.
      Expect more of your privacy to disappear under AT&T.
    1. vinaygoel2000's Avatar
      vinaygoel2000 -
      Quote Originally Posted by StuG III View Post
      Expect more of your privacy to disappear under AT&T.
      FYI:

      Top 20 companies that care about consumer privacy:

      American Express

      Hewlett Packard

      Amazon

      IBM

      US Postal Service

      Procter & Gamble

      USAA

      Nationwide

      eBay

      Intuit

      Verizon

      Johnson & Johnson

      FedEx

      WebMD

      Weight Watchers

      U.S. Bank

      Disney

      Microsoft

      United Healthcare

      VISA

      AT&T

      Mozilla
    1. exNavy's Avatar
      exNavy -
      Quote Originally Posted by vinaygoel2000 View Post
      FYI:

      Top 20 companies that care about consumer privacy:
      American Express Hewlett Packard Amazon IBM US Postal Service Procter & Gamble USAA Nationwide eBay Intuit Verizon Johnson & Johnson FedEx WebMD Weight Watchers U.S. Bank Disney Microsoft United Healthcare VISA AT&T Mozilla
      What's your source for this?
    1. vinaygoel2000's Avatar
      vinaygoel2000 -
      Quote Originally Posted by exNavy View Post
      What's your source for this?
      http://www.ponemon.org/local/upload/...rt%20FINAL.pdf
    1. Carvensno's Avatar
      Carvensno -
      Quote Originally Posted by vinaygoel2000 View Post
      FYI:

      Top 20 companies that care about consumer privacy:

      American Express

      Hewlett Packard

      Amazon

      IBM

      US Postal Service

      Procter & Gamble

      USAA

      Nationwide

      eBay

      Intuit

      Verizon

      Johnson & Johnson

      FedEx

      WebMD

      Weight Watchers

      U.S. Bank

      Disney

      Microsoft

      United Healthcare

      VISA

      AT&T

      Mozilla
      Ya I remember reading this somewhere like 2 months ago or so also. Not this source but another website with same info.
    1. StuG III's Avatar
      StuG III -
      How is Mozilla at the bottom? I thought they were the ones most concerned about privacy!

      Also AT&T's policy
      Our Updated Privacy Policy | AT&T Public Policy Blog
    1. vinaygoel2000's Avatar
      vinaygoel2000 -
      Quote Originally Posted by StuG III View Post
      How is Mozilla at the bottom? I thought they were the ones most concerned about privacy!

      Also AT&T's policy
      Our Updated Privacy Policy | AT&T Public Policy Blog
      Mozilla is not at the bottom. It's ranked 20th amongst thousands of companies.
    1. StuG III's Avatar
      StuG III -
      I know. I was just surprised that Mozilla is always talking about user privacy and implementing it and is only 20th in rank!