AT&T and Leap Wireless have been working to get an acquisition deal approved by the FCC. That approval came this month and the deal was quickly finalized. The purchase of Leap Wireless, which operates under the Cricket Wireless brand, means that customers of Cricket will be moving to a new network.
After months of waiting, the FCC approved AT&T's acquisition of Leap Wireless, which gave it the better known prepaid service Cricket Wireless. Soon after approval was given, AT&T announced the acquisition was completed, and it seems wasted no time getting the ball rolling. As a result of the business move, the carrier's subsidiary Aio Wireless will fizzle away, being absorbed into Cricket.
AT&T revealed last July plans to acquire Leap Wireless, which would bring Cricket Wireless under its wing. In November, the company achieved stockholder approval, and earlier today received a thumbs-up on the deal from the Federal Communications Commission. Shortly after, the carrier announced a finalization of the purchase.
The major US telecoms delivered at minimum 1.1 million cell phone records to law enforcement at all levels of government in 2012. The records include voicemail and text content. The telecoms earned $26 million from the transactions. Many of the fulfilled information requests legally required no warrant, no subpoena, and no probable cause. These and other irresistible revelations come compliments of US Sen. Edward Markey, whose voluminous correspondence with the involved telecoms revealed the information. They include US Cellular, Sprint Nextel, T-Mobile USA, Leap Wireless/Cricket Communications, MetroPCS, Verizon, AT&T and C Spire Wireless.
AT&T announced back in July they were moving forward to acquire Leap Wireless. This could bring Cricket Wireless under the AT&T wing and the purchase price was said to be more than $1 billion. Specifically, $1.19 billion. But while the plans were spelled out, that didn't mean the deal was finalized.
AT&T has announced that it will be acquiring Leap Wireless for the hefty sum of about $1.19 billion, something that will bring the prepaid service Cricket under its ownership. The move still needs to be approved by regulators, but one source who spoke to The Wall Street Journal states that there are "pretty good" odds it will go through.
No contract wireless carrier Cricket Wireless has announced that it has added a new Android smartphone to its lineup. The new smartphone is called the Engage LT and the device supports Cricket's Muve Music service. The device is available for purchase right now and Cricket stores and online for $199.99.
Leap Wireless' sales of the iPhone have significantly under-performed, despite expectations that a prepaid iPhone 5 would be in hot demand, with $100m-worth of unsold stock expected by June. Leap's deal with Apple saw the iPhone 5 offered through Cricket Wireless at $500 with no ongoing commitment, but according to an 10-K SEC filing, the carrier predicts it will have only sold half of the expected units by the time the smartphone reaches its first birthday.
Cricket, a carrier perhaps best known for its low cost prepaid plans, has released its 4G LTE smartphone, the LG Optimus Regard. While the phone is 4G-capable, it isn't particularly high-end, so don't get your hopes up. The Regard is available now, and is priced at $249, a fairly steep fee considering the low-end hardware you get.
Cricket Wireless has announced a new addition to its smartphone lineup HTC called the Desire C. The smartphone promises a premium design and good features at an affordable price. One of the key features is integrated Beats Audio technology for better music playback.