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http://www.fiercewireless.com/story/cricket-buys-remainder-lcw-3-2m/2010-08-26
Leap Wireless (NASDAQ:LEAP) paid $3.2 million to purchase the remainder of LCW, a wireless carrier that provides Cricket wireless service to customers in areas of Portland, Salem and Eugene, Ore. LCW was formed in 2006 as part of a joint venture among Cricket, CSM Wireless and W LPCS Management LLC.
Initially, Cricket held a majority stake in the venture, but in March the company purchased CSM's 24 percent interest for $21 million, giving it a controlling stake in the firm. The FCC approved that purchase in July.
The flat-rate carrier lately has been focused on increasing its footprint. Last spring Leap expanded its service nationwide through roaming agreements with several operators. And in February, Leap formed a joint venture with Pocket Communications to boost its position in south Texas, where Pocket has significant presence.
Cricket (Leap Wireless) continues with clear aggressive moves to counter it's main competitor MetroPCS. For we the consumers, this is positive news. :2thumbs:
Leap Wireless (NASDAQ:LEAP) paid $3.2 million to purchase the remainder of LCW, a wireless carrier that provides Cricket wireless service to customers in areas of Portland, Salem and Eugene, Ore. LCW was formed in 2006 as part of a joint venture among Cricket, CSM Wireless and W LPCS Management LLC.
Initially, Cricket held a majority stake in the venture, but in March the company purchased CSM's 24 percent interest for $21 million, giving it a controlling stake in the firm. The FCC approved that purchase in July.
The flat-rate carrier lately has been focused on increasing its footprint. Last spring Leap expanded its service nationwide through roaming agreements with several operators. And in February, Leap formed a joint venture with Pocket Communications to boost its position in south Texas, where Pocket has significant presence.
Cricket (Leap Wireless) continues with clear aggressive moves to counter it's main competitor MetroPCS. For we the consumers, this is positive news. :2thumbs: