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Leap Continues Rollout Of 'Cricket No Contract 4G LTE Service' With Launches In Philadelphia, Phoenix, Houston & South Texas

Stocks in this article: LEAP

SAN DIEGO, Nov. 14, 2012 /PRNewswire/ -- Leap Wireless International, Inc. (NASDAQ: LEAP), today announced the launch of 4G LTE service in Philadelphia and Phoenix, and in Houston, San Antonio, Austin, Laredo, Corpus Christi and Brownsville- McAllen- Harlingen, Texas.  The Company also announced the introduction of its first two 4G LTE smartphones, the LG Optimus Regard and the Samsung Galaxy S III, along with LTE smartphone plans featuring a limited-time offer of double data allowances.

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

Today's announcement completes the first phase of the Company's introduction of 4G LTE technology.  The Company initially launched its LTE service in Tucson, Ariz. in 2011 and began LTE service in Las Vegas in October 2012. The company's LTE service now covers approximately 21 million potential customers across 11 markets.

"The market launches we are announcing today successfully complete the first-phase of our 4G LTE strategy 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're always looking for new opportunities to provide an enhanced customer experience and our investment in 4G technology is another way we're accomplishing that.  Our customers depend on their mobile devices more than ever and the two 4G LTE phones we're announcing today are high-quality devices that deliver the features and experience our customers want." 

The Company's 4G LTE rollout is a product of thoughtful spectrum management.  The Company has kept spectrum available 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 markets launching today, Cricket's 4G LTE speeds ranged up to 15 times faster than current Cricket 3G data speeds, depending on market conditions.

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