Preliminarily Estimated to Create Synergies with a Net Present Value of Approximately $2.5 Billion and Offers Compelling Value Proposition to Leap Wireless' Shareholders
The Deal: MetroPCS has made an offer to purchase Leap Wireless International Inc. in a stock deal valued at about $5.27 billion. Under the terms of the offer, each share of Leap Wireless would be exchanged for 2.75 shares of MetroPCS. Based on recent closing prices, the deal values Leap...
DALLAS -- On September 4, 2007, MetroPCS Communications, Inc. (NYSE: PCS) announced a proposal to engage in a stock-for-stock tax-free merger with Leap Wireless International, Inc. (NASDAQ: LEAP). While there is widespread investor and analyst enthusiasm for a merger between the two companies, MetroPCS has not been able to engage...
TELECOMWORLDWIRE-30 September 2008-Leap Wireless and MetroPCS Communications enter into roaming and spectrum exchange agreementsC1994-2008 M2 COMMUNICATIONS LTD http://www.m2.com Leap Wireless International Inc (Nasdaq:LEAP), a provider of wireless services, and MetroPCS Communications Inc (NYSE: PCS), a provider of unlimited wireless communications service for a flat-rate with no signed contract,...
SAN DIEGO & DALLAS -- Leap Wireless International, Inc. (NASDAQ: LEAP) and MetroPCS Communications, Inc. (NYSE: PCS) announced today that they have entered into a national roaming agreement and an agreement to exchange wireless spectrum, and have settled all outstanding litigation between them. The new nationwide roaming agreement,...
The merger of two small cellular carriers appears to be dead in the water following pronouncements by the two companies last week. On Nov. 2, MetroPCS Communications, a Dallas carrier that offers single-rate, advance-payment service, said it was withdrawing its $4.7 billion bid to buy rival carrier, San...
SAN DIEGO -- Leap Wireless International, Inc. (NASDAQ:LEAP) issued the following statement in response to a MetroPCS announcement that it has withdrawn its proposal to merge with Leap. "MetroPCS has announced the withdrawal of its September 4 proposal, which became moot in any case on September 16 when...
Wireless News10-04-2007Research and Markets Adds Report: Leap Wireless International, Inc. - Competitor Insight 2007WIRELESS NEWS-October 4, 2007-Research and Markets Adds Report: Leap Wireless International, Inc. - Competitor Insight 2007 C2007 10Meters - http://www.10meters.com Research and Markets announced the addition of new IE Market Research report Leap Wireless International, Inc.-...
Leap Wireless Rejects Takeover Offer: Leap Wireless International Inc., the San Diego parent company of Cricket fiat-rate wireless service, rejected an offer made earlier this month for the company from MetroPCS Communications Inc., a Dallas flat-rate wireless carrier. In its Sept. 16 letter to MetroPCS, Leap said the...
Leap Rejects Buyout Offer: Leap Wireless International Inc., the San Diego parent of Cricket Communications, a fiat-rate wireless carrier, said Sept. 16 that an unsolicited offer to buy the company by MetroPCS Wireless earlier this month was insufficient. MetroPCS, another flat-rate wireless carrier based in Dallas, offered 2.75...
Leap's Mulling Offer: Leap Wireless International Inc., the parent firm to fiat-rate wireless carrier Cricket Communications, said Sept. 7 that it was reviewing the unsolicited offer from rival MetroPCS of Dallas worth $5.5 billion. The offer made Sept. 4 calls for a stock transaction of 2.75 shares of...
TELECOMWORLDWIRE-17 September 2007-Board of Leap rejects unsolicited merger proposal from MetroPCSC1994-2007 M2 COMMUNICATIONS LTD http://www.m2.com Leap Wireless International Inc (Nasdaq:LEAP), a provider of wireless communications services, announced on Sunday (16 September) that the company's board of directors, in consultation with its financial and legal advisors, has concluded its...
Leap Also Announces President and CEO Doug Hutcheson Assumes Interim CFO Role SAN DIEGO -- Leap Wireless International, Inc. (NASDAQ:LEAP), a leading provider of innovative and value-driven wireless communications services, today announced that its Board of Directors will review the unsolicited proposal received on September 4 from MetroPCS...
SAN ANTONIO -- Wireless phone provider MetroPCS Communications Inc. publicly offered Tuesday to buy a regional rival for more than $5 billion in stock, a long-anticipated move that would create a nationwide wireless carrier dedicated to the discount market. Dallas-based MetroPCS offered to give investors in...
Leap Was Looking For Partner: Leap Wireless International Inc., the San Diego-based parent of Cricket wireless phone service launched here last month, considered joining forces with MetroPCS Communications, Leap spokesman Greg Lund has confirmed. The possible partnering with the Dallas-based flat rate carrier was reported in the Wall...
Byline: KELLY HILL There were no last-minute bombshells when the advanced wireless services spectrum auction wrapped up last week after a few final, tedious rounds with a mere handful of bids. T-Mobile USA Inc. was the...
Byline: KELLY HILL Leap Wireless International Inc. filed a lawsuit claiming that MetroPCS Communications Inc. had stolen its business plan-only to be accused of stealing in its own right. The lawsuit could be part of a major legal assault by Leap...
Byline: JONI MORSE In addition to the potential impact from Sprint Nextel Corp.'s WiMAX deployment, analyst firms expect tower companies to see an impact from the ongoing advanced wireless services spectrum auction. In a recent report, Merrill Lynch provided insights on...
Byline: KELLY HILL Bidding in the government's auction of advanced wireless services spectrum is set to start Wednesday, but the jockeying and speculation has already begun as satellite and cable consortiums set themselves up to do battle with traditional wireless carriers...
Articles 2006-08-07
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