March 23, 2011
Cricket Enters into 4G Roaming Agreement with LightSquared
San Diego, Ca and Reston, Va. – Leap Wireless International, Inc. (NASDAQ: LEAP), a leading provider of innovative and value-driven wireless communications services, and LightSquared, the nation’s first wholesale-only integrated wireless broadband and satellite network company, announced that they have entered into a long-term 4G roaming agreement. The new arrangement will allow Cricket, Leap’s operating subsidiary, to supplement the LTE coverage that Cricket plans to deploy across its own networks over the next few years with LTE roaming services from LightSquared.
“Our business progress demonstrates how data services are increasingly important to our customers, as evidenced by our customers’ significant uptake of smartphones and data-focused, higher-ARPU service plans,” said Doug Hutcheson, Leap’s President and CEO. “We intend to deploy our own LTE networks beginning this year to complement the existing nationwide 3G services we currently offer to customers. This new roaming arrangement will allow us to offer customers an even-greater 4G service area as LightSquared expands its own network. We believe that the broad coverage resulting from this business agreement will enhance our ability to offer compelling products and services and allow us to strengthen our retail relationships and distribution capabilities. It will also give us flexibility to access additional 4G capacity where needed as data-centric devices become more popular and require more and more bandwidth.”
“Leap is a fantastic company and we’re excited to do business with them,” said Sanjiv Ahuja, chairman and CEO of LightSquared. “Cricket customers’ appetite for wireless data is growing exponentially and in ways no one could have envisioned even a few years ago. By providing a wholesale-only nationwide 4G LTE network complemented by satellite coverage, LightSquared will help Leap meet its customers’ demand for universal, affordable broadband connectivity. We are fully committed to delivering our roaming services on time and with the quality, speed, coverage and capacity required to support Leap’s business needs.”
Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket service. The Company and its joint ventures now operate in 35 states and the District of Columbia and hold licenses in 35 of the top 50 U.S. markets. Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, high-speed data and mobile Web services. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol "LEAP."
LightSquared’s mission is to revolutionize the U.S. wireless industry. Through the creation of the first-ever wholesale-only nationwide 4G-LTE network complemented by satellite coverage, LightSquared offers people the speed, value, and reliability of universal broadband connectivity, wherever they are in the United States. Through its wholesale-only business model, those without their own wireless network or who have limited geographic coverage or spectrum can develop and sell their own devices, applications, and services using LightSquared’s open 4G network—at a competitive cost and without retail competition from LightSquared. The company plans to invest more than $14 billion in network infrastructure, deployment and operations over the next eight years.