AT&T Set to Acquire Leap Wireless
Wireless provider Leap Wireless is set to be purchased by AT&T, which will mean that the latter can develop its 4G LTE deployments and provide more support to the increasing number of Internet-enabled devices using its network.
$15 a share ($1.2 billion) will be paid by AT&T in the acquisition of San Diego, California-based Lear Wireless. All of Leap's stock and wireless properties, such as its network assets, retail stores and five million subscribers will be included in the purchase.