Leap offers 7 million shares to raise money for network improvements

Leap Wireless, which we know for its Cricket Wireless service, announced that it intends to offer and sell 7 million shares of its common stock in an underwritten public offering. The company wants to use the money raised for the expansion and improvement of its network footprint, acquisitions of additional spectrum or complementary businesses, and the deployment of next-generation network technology.

The offering is being made pursuant to an effective shelf registration statement filed with the SEC. And from the press release, we see that Leap selected Goldman Sachs as a lead underwriter…

[Via: PhoneScoop]