LWIN meaning in Business ?

Business Miscellaneous in Business . 3 months ago

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What is Leap Wireless International mean?

Leap Wireless International, Inc. is a telecommunications operator that provided wireless services to approximately 4.6 million subscribers, the 5th largest, through its subsidiary, Cricket Communications, Inc. (Cricket Wireless). It was headquartered in San Diego, California. Leap Wireless and Cricket Wireless are both subsidiaries of AT&T.

Leap was founded in 1999 and was built on the premise of unlimited services with no contracts and no credit checks, providing access to wireless services to customers who couldn’t otherwise afford it, didn't want the long-term commitment of a one- or two-year contract, or had a moral or religious objection to a credit check. A credit check is normally required for contract plans offered by telecommunications companies.

Leap has all-digital CDMA 1X, EV-DO and LTE networks that have expanded significantly in the past few years.

On July 12, 2013, AT&T agreed to buy Leap Wireless for $1.2 billion. On March 13, 2014, the Federal Communications Commission approved the merger between AT&T and Leap Wireless. On the same day Leap announced the completion of the acquisition by AT&T.

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Posted on 22 Sep 2024, this text provides information on Business related to Miscellaneous in Business. Please note that while accuracy is prioritized, the data presented might not be entirely correct or up-to-date. This information is offered for general knowledge and informational purposes only, and should not be considered as a substitute for professional advice.

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