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Earnings Roundup / Leap Wireless

Customers switch to cheaper plans

February 27, 2009|Times Wire Reports

Leap Wireless International Inc., the contract-free mobile phone carrier, reported a wider fourth-quarter loss as customers migrated to its less expensive plans.

The loss expanded to $54.8 million, or 81 cents a share, from $18.1 million, or 27 cents, a year earlier, the San Diego company said.

Sales rose 21% to $518.9 million.

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