Advertisement
YOU ARE HERE: LAT HomeCollectionsLeap Wireless International Inc
IN THE NEWS

Leap Wireless International Inc

FEATURED ARTICLES
BUSINESS
April 15, 2003 | From Bloomberg News
Leap Wireless International Inc., a San Diego wireless communications services provider spun off by Qualcomm Inc., filed for Chapter 11 protection. Leap Wireless and its Cricket Communications unit have been in talks with major creditors for a month to restructure debt, the company said. Leap Wireless said it expects to reach an agreement "in the next few weeks."
ARTICLES BY DATE
BUSINESS
December 24, 2013 | By Andrea Chang
It's a perk wireless customers have come to expect: Sign up for a two-year service contract, and get a new smartphone at a deeply discounted price or sometimes even free. But the reign of cellphone subsidies could be ending as customers demand more flexible mobile plans, forcing wireless carriers to look for alternatives to the long-standing practice. AT&T Inc. hinted this month that it was considering doing away with phone subsidies. Chief Executive Randall Stephenson said subsidizing a smartphone every two years was an expensive undertaking that he didn't think the company could afford.
Advertisement
BUSINESS
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.
BUSINESS
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.
BUSINESS
September 7, 2002 | Bloomberg News
Leap Wireless International Inc., a seller of unlimited local wireless service for a flat fee, said it violated some of its credit agreements when it chose not to pay interest on certain loans after some of its lenders decided to stop funding new requests. The lenders' decision to stop funding new requests came after Leap Wireless hired UBS Warburg to help the company find new funding and restructure some of its debt, Leap said.
BUSINESS
August 14, 2001 | Bloomberg News
Leap Wireless International Inc. shares fell 14% on concerns that the wireless communications provider may not be able to get financing to expand its business, analysts said. The shares fell $2.72 to $16.78 on Nasdaq. "The news is out that they have hoards of spectrum that's unbuilt," said Greg Gorbatenko, an analyst at Loop Capital Markets who has a "market under-perform" rating on Leap Wireless shares. "The capital markets are tough right now. Their saving grace would be to sell some spectrum."
BUSINESS
May 9, 2007 | From Times Staff and Wire Reports
Gateway Inc. reported a first-quarter loss after sales fell and it invested in new products. The results missed expectations, sending the shares down in extending trading. The loss was $8.58 million, or 2 cents a share, compared with a loss of $12.3 million, or 3 cents, a year earlier, Irvine-based Gateway said. Sales fell 6.4% to $1.01 billion. -- Leap Wireless International Inc.
BUSINESS
January 8, 2008 | From Times Wire Reports
Leap Wireless International Inc., provider of the Cricket and Jump mobile-phone services, added more subscribers than forecast in the fourth quarter after a holiday sales boost. Leap, based in San Diego, said it added about 152,000 net new customers. In November the company predicted gains of 70,000 to 130,000. The rate of "churn," or customer turnover, was 4.2%, which also beat forecasts. The results are a reversal from the previous quarter, when Leap's subscriber gains missed projections and led to the stock's biggest drop in three years.
BUSINESS
October 1, 1999 | Bloomberg News
Qualcomm Inc. said it may take a fourth-quarter charge after Leap Wireless International Inc. ended a venture in Russia that Qualcomm supplied with equipment. Qualcomm, which spun off Leap last year, said it expects to meet or exceed analysts' 88-cents-a-share average earnings forecast, excluding charges, in the quarter. The San Diego-based firm supplied equipment to Metrosvyaz, a company trying to set up wireless phone ventures in Russia.
BUSINESS
December 14, 2007 | From Times Wire Services
Leap Wireless International Inc., operator of the Cricket and Jump pay-as-you-go mobile-phone services, reported third-quarter sales that topped analysts' estimates after the company expanded its network. Sales rose 40% to $409.7 million, the San Diego firm said. The company, which had delayed its full third-quarter release while it corrected accounting errors, posted a third-quarter net loss of $43.3 million, or 64 cents a share, on costs to build out its network.
BUSINESS
January 8, 2008 | From Times Wire Reports
Leap Wireless International Inc., provider of the Cricket and Jump mobile-phone services, added more subscribers than forecast in the fourth quarter after a holiday sales boost. Leap, based in San Diego, said it added about 152,000 net new customers. In November the company predicted gains of 70,000 to 130,000. The rate of "churn," or customer turnover, was 4.2%, which also beat forecasts. The results are a reversal from the previous quarter, when Leap's subscriber gains missed projections and led to the stock's biggest drop in three years.
BUSINESS
December 14, 2007 | From Times Wire Services
Leap Wireless International Inc., operator of the Cricket and Jump pay-as-you-go mobile-phone services, reported third-quarter sales that topped analysts' estimates after the company expanded its network. Sales rose 40% to $409.7 million, the San Diego firm said. The company, which had delayed its full third-quarter release while it corrected accounting errors, posted a third-quarter net loss of $43.3 million, or 64 cents a share, on costs to build out its network.
BUSINESS
December 5, 2007 | From Bloomberg News
Leap Wireless International Inc., operator of the Cricket and Jump mobile-phone services, said Tuesday that it planned to bid in a U.S. government auction of airwaves in January to expand its network. Leap will use a subsidiary to bid in the Federal Communications Commission auction, according to a regulatory filing from the San Diego-based company. Denali Spectrum License, a company in which Leap has a noncontrolling interest, also will bid, the company said.
BUSINESS
May 9, 2007 | From Times Staff and Wire Reports
Gateway Inc. reported a first-quarter loss after sales fell and it invested in new products. The results missed expectations, sending the shares down in extending trading. The loss was $8.58 million, or 2 cents a share, compared with a loss of $12.3 million, or 3 cents, a year earlier, Irvine-based Gateway said. Sales fell 6.4% to $1.01 billion. -- Leap Wireless International Inc.
BUSINESS
April 15, 2003 | From Bloomberg News
Leap Wireless International Inc., a San Diego wireless communications services provider spun off by Qualcomm Inc., filed for Chapter 11 protection. Leap Wireless and its Cricket Communications unit have been in talks with major creditors for a month to restructure debt, the company said. Leap Wireless said it expects to reach an agreement "in the next few weeks."
BUSINESS
September 7, 2002 | Bloomberg News
Leap Wireless International Inc., a seller of unlimited local wireless service for a flat fee, said it violated some of its credit agreements when it chose not to pay interest on certain loans after some of its lenders decided to stop funding new requests. The lenders' decision to stop funding new requests came after Leap Wireless hired UBS Warburg to help the company find new funding and restructure some of its debt, Leap said.
BUSINESS
December 5, 2007 | From Bloomberg News
Leap Wireless International Inc., operator of the Cricket and Jump mobile-phone services, said Tuesday that it planned to bid in a U.S. government auction of airwaves in January to expand its network. Leap will use a subsidiary to bid in the Federal Communications Commission auction, according to a regulatory filing from the San Diego-based company. Denali Spectrum License, a company in which Leap has a noncontrolling interest, also will bid, the company said.
BUSINESS
December 24, 2013 | By Andrea Chang
It's a perk wireless customers have come to expect: Sign up for a two-year service contract, and get a new smartphone at a deeply discounted price or sometimes even free. But the reign of cellphone subsidies could be ending as customers demand more flexible mobile plans, forcing wireless carriers to look for alternatives to the long-standing practice. AT&T Inc. hinted this month that it was considering doing away with phone subsidies. Chief Executive Randall Stephenson said subsidizing a smartphone every two years was an expensive undertaking that he didn't think the company could afford.
BUSINESS
August 14, 2001 | Bloomberg News
Leap Wireless International Inc. shares fell 14% on concerns that the wireless communications provider may not be able to get financing to expand its business, analysts said. The shares fell $2.72 to $16.78 on Nasdaq. "The news is out that they have hoards of spectrum that's unbuilt," said Greg Gorbatenko, an analyst at Loop Capital Markets who has a "market under-perform" rating on Leap Wireless shares. "The capital markets are tough right now. Their saving grace would be to sell some spectrum."
BUSINESS
October 1, 1999 | Bloomberg News
Qualcomm Inc. said it may take a fourth-quarter charge after Leap Wireless International Inc. ended a venture in Russia that Qualcomm supplied with equipment. Qualcomm, which spun off Leap last year, said it expects to meet or exceed analysts' 88-cents-a-share average earnings forecast, excluding charges, in the quarter. The San Diego-based firm supplied equipment to Metrosvyaz, a company trying to set up wireless phone ventures in Russia.
Los Angeles Times Articles
|