AT&T Leaps into Latest Acquisition

[blogger]

AT&T Leaps into Latest Acquisition

AT&T has confirmed 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. Ostensibly, 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 [...]

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