Leap Wireless swaps spectrum with T-Mobile, buys all of Savary Island

Leap Wireless and TMobile completes spectrum swap, buys all of Savary Island Wireless

Leap Wireless can go ahead and pop the champagne, as it has just completed the spectrum transactions announced earlier this year that will hopefully lead to larger LTE growth. Leap's own Savary Island Wireless exchanged spectrum with T-Mobile USA and Cook Inlet/VS GSM VII PCS LLC (itself a T-Mo business), resulting in Cricket's parent company acquiring 10MHz of additional AWS spectrum in Phoenix, AZ and Houston, Galveston and Bryan-College Station, TX, among others. In return, T-Mobile received spectrum in various markets in Alabama, Illinois, Missouri, Minnesota and Wisconsin. There are also several intra-market exchanges in Philadelphia, Wilmington, Atlantic City, New Mexico, and Texas. In addition to the spectrum exchange, Leap also formally acquired the entirety of Savary Island Wireless for around $5.3 million (It previously only owned an 85 percent share) so the company has even more cause for celebration. Just don't overindulge on the Cristal, okay Leap?

Continue reading Leap Wireless swaps spectrum with T-Mobile, buys all of Savary Island

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Leap Wireless swaps spectrum with T-Mobile, buys all of Savary Island originally appeared on Engadget on Tue, 02 Oct 2012 01:15:00 EDT. Please see our terms for use of feeds.

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Leap Wireless, T-Mobile strike deal to swap spectrum, pending FCC approval

Leap Wireless, T-Mobile strike deal to swap spectrum, pending FCC approval
Earlier today, Cricket's parent company Leap Wireless announced a deal that'd see its own Savary Island Wireless, T-Mobile and Cook Intlet/VS GSM VII GPS (itself a T-Mo venture) swap spectrum in a handful of markets. The agreement lets Leap Wireless inherit 10MHz of AWS waves in Phoenix, Houston, Galveston, and Brian-College Station, TX, while the Magenta carrier -- in partnership with Cook Intlet -- would receive spectrum in various markets within Alabama, Illinois, Missouri, Minnesota and Wisconsin. Leap's CEO Doug Hutcheson says the move's bound to help "provide us a longer term flexibility to offer a larger LTE channel." Of course, the pact still needs the OK from the FCC, thus the champagne bottles must remain on standby until then.

Continue reading Leap Wireless, T-Mobile strike deal to swap spectrum, pending FCC approval

Leap Wireless, T-Mobile strike deal to swap spectrum, pending FCC approval originally appeared on Engadget on Mon, 09 Apr 2012 13:41:00 EDT. Please see our terms for use of feeds.

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