This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Leap Continues Transition To 4G LTE With 2nd Commercial Market Launch In Its Cricket Las Vegas Market

Stocks in this article: LEAP

SAN DIEGO, Oct. 17, 2012 /PRNewswire/ -- Leap Wireless International, Inc. (NASDAQ: LEAP), today announced the launch of 4G LTE service in its Cricket Las Vegas market.  This introduction marks the second Cricket market launch in the Company's planned, multi-year introduction of 4G LTE technology for smartphones to its customers.  The Company initially launched its LTE service in its Tucson, Ariz. market in December, 2011.

(Logo: http://photos.prnewswire.com/prnh/20101220/MM20546LOGO-a)

"The introduction of Cricket 4G LTE in Las Vegas is another milestone in our transition to LTE as we continue to offer our customers high-quality products and services with the latest technology and the value they've come to expect," said Doug Hutcheson, president and CEO of Leap.  "We expect to launch LTE service in additional Cricket markets in 2012 and cover approximately 21 million covered POPs by the end of the year. In addition, we expect to introduce several high-quality LTE smartphones before the end of the year that will be attractive to our value conscious customers." 

Leap expects to offer 4G LTE service for smartphones across at least two-thirds of its network footprint over the next two to three years. The Company's 4G LTE rollout is a product of thoughtful spectrum management.  The Company has kept spectrum unused in order to give it flexibility in steering a clear path to 4G LTE.

LTE is the fastest, most advanced network technology in America delivering data at incredibly fast speeds. In pre-launch speed tests conducted in the Las Vegas market, Cricket's 4G LTE speeds ranged from 3 to 15 times faster than current Cricket 3G data speeds, depending on market conditions.  More than 80 percent of Cricket's Las Vegas market footprint will be covered by the new 4G LTE network.  

At launch, 4G LTE service will be accessible via mobile broadband services and Cricket's newly-improved 4G LTE modem, the Huawei Boltz, will be available for $149.99 (MSRP) at Cricket's company-owned stores and dealers in Las Vegas and Tucson.  Customers can select from four 4G LTE monthly data service plans ranging from $35 to $80 month depending on the users desired full-speed requirements.  

About LeapLeap provides innovative, high-value wireless services to a young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket service. Cricket products and services are available nationwide through company-owned stores, dealers, national retailers and at MyCricket.com.  Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, data and mobile Web services. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol "LEAP." For more information, please visit www.leapwireless.com.

SOURCE Leap Wireless International, Inc.

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs