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Thread: AT&T Acquiring Leap Wireless for $1.19 Billion

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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
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  1. #1
    MMi Staff Writer Michael Essany's Avatar
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    Default 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

  2. #2
    iPhoneaholic
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    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.

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    My iPhone is a Part of Me vinaygoel2000's Avatar
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    You really thought Cricket was giving competition to AT&T?

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    Livin the iPhone Life Carvensno's Avatar
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    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

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    iPhone? More like MyPhone StuG III's Avatar
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    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.

  6. #6
    My iPhone is a Part of Me vinaygoel2000's Avatar
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    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

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    Livin the iPhone Life exNavy's Avatar
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    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?
    Hmm...

  8. #8
    My iPhone is a Part of Me vinaygoel2000's Avatar
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    Quote Originally Posted by exNavy View Post
    What's your source for this?
    http://www.ponemon.org/local/upload/...rt%20FINAL.pdf

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    Livin the iPhone Life Carvensno's Avatar
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    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.

  10. #10
    iPhone? More like MyPhone StuG III's Avatar
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    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

  11. #11
    My iPhone is a Part of Me vinaygoel2000's Avatar
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    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.

  12. #12
    iPhone? More like MyPhone StuG III's Avatar
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    I know. I was just surprised that Mozilla is always talking about user privacy and implementing it and is only 20th in rank!

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