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DealReporter.com has recently posted an article saying that Leap Wireless (Cricket) is talking with investment banks to explore strategic options. The site, which BTW is owned by The Financial Times Group, quoted a person familiar with the matter, saying the process of merging Leap or any other operators was still in its early stages and could last through the first two quarters of 2010.
Unsurprisingly Leap’s spokesman Gregory Lund declined to comment.
Analysts believe that as the industry consolidates, someone will either acquire Leap or the company will merge with some of its competitors. Among the carriers that could be interested to acquire Leap are America Movil, Deutsche Telekom (T-Mobile) and AT&T.
For the record, MetroPCS has already expressed interest to merge with Leap in 2007, when it made a $5.5 billion offer at an exchange ratio of 2.75 MetroPCS shares for each Leap share. At that point, Leap rebuffed the offer…
[Via: Reuters]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
