AT&T completes $1.2B acquisition of Leap Wireless

AT&T declared late weekday that it had completed its $1.2 billion acquisition of postpaid wireless supplier Leap Wireless and therefore the Cricket complete.

The deal, declared last July, was granted approval earlier weekday by the Federal Communications Commission. as a result of the USA Justice didn't raise any antimonopoly objections, the carrier closed the deal weekday once noon after receiving the FCC's blessing.

While the Federal Communications Commission same it had issues regarding the deal's impact on competition, the commission same those issues were mitigated  by AT&T's plans to deploy LTE service on used Leap spectrum and pledges to divest itself of spectrum in bound markets.

The carrier has additionally in agreement to LTE service in six markets in south American state inside eighteen months similarly as providing special rate plans to Lifeline customers and have phone material possession programs for Leap customers before phasing out CDMA.

The wireless big has in agreement to pay $15 a share in money for Leap's wireless network, that covers regarding ninety seven million individuals in thirty five states. As a part of the agreement, AT&T can get Leap's wireless properties, as well as its licenses, network assets, and stores, similarly as its subscribers, that variety around five million.

AT&T same it plans to relaunch the Cricket complete, giving customers access to its nationwide 4G LTE network. The carrier same it expects to finish client migration to the new Cricket in regarding eighteen months.