Leap Wireless Acquisition T-Mobile Dish

Leap Wireless could be the next takeover target for T-Mobile or Dish

By on July 8, 2013 at 9:45 PM.

Leap Wireless could be the next takeover target for T-Mobile or Dish

In the wake of SoftBank’s acquisition of Sprint and T-Mobile’s merger with MetroPCS, analysts believe other smaller carriers will also be takeover targets. Kevin Smithen of Macquarie Capital, per Investor’s Business Daily, upgraded Leap Wireless last week to a neutral rating from underperform on speculation that T-Mobile or Dish may be looking to acquire the carrier. The analyst noted that T-Mobile’s higher share price could be appealing for a potential stock deal, adding that Leap wouldn’t settle for anything less than $10 per share. He noted that the carrier could be pressured to sell at a lower price though, because T-Mobile will be entering more of Leap’s markets in the second half of the year. Smithen thinks this could “put further pressure on Leap’s already eroding operating business.” He also believes the carrier could be on Dish’s radar following the company’s failed acquisitions of both Sprint and Clearwire.

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iPhone Sales Leap Wireless

iPhone sales falling 50% short of obligation at Leap Wireless

By on February 27, 2013 at 5:40 PM.

iPhone sales falling 50% short of obligation at Leap Wireless

In a recent filing with the Securities and Exchange Commission, Cricket owner Leap Wireless (LEAP) indicated that iPhone sales have fallen short of its expectations. The carrier revealed that it is on pace to purchase only half of its first-year commitment from Apple (AAPL) through June 2013. The information in the filing contradicts earlier statements made by the company’s chief financial officers Jerry Elliot. The executive previously said that “sales of Apple devices were pretty good in the fourth quarter” and the carrier wasn’t concerned about meeting its commitment with Apple. As noted by BTIG Research analyst Walter Piecyk, Leap could now be on the hook for $100 million of additional iPhone purchases in 2013 and $450 million over the course of its three-year contract.

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Budget operators keep shocking Wall Street

By on August 8, 2012 at 12:15 PM.

Budget operators keep shocking Wall Street

MetroPCS LEAP Wireless Q2 2012 Earnings Analysis

It was another quarter of shocks and surprises for small budget wireless operators offering cheap mobile plans. AT&T (T) and Verizon Wireless (VZ) chugged along during the spring quarter, but MetroPCS (PCS) and LEAP Wireless (LEAP) put up satisfyingly entertaining earnings spectacles. More →

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AT&T and Leap Wireless held merger discussions in recent months

By on May 11, 2012 at 7:30 PM.

AT&T and Leap Wireless held merger discussions in recent months

AT&T And Leap Wireless Talk Merger

The nation’s second largest wireless carrier has reportedly held talks with Leap Wireless in recent months over a possible acquisition, according to Reuters. The move is the latest attempt by AT&T in its efforts to find additional wireless spectrum after its failed acquisition of T-Mobile. The talks were serious enough that Leap reportedly hired bankers to advise it on a potential deal, although it is unclear if discussions are still ongoing. Leap Wireless, which operates the nation’s seventh largest wireless network, has a market value of roughly $400 million and $3.2 billion of long-term debt. Earlier in the week it was reported that T-Mobile and MetroPCS were also holding discussions regarding a possible merger. More →

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