The FCC approved AT&T's acquisition of Leap Wireless, the last hurdle the Tier 1 carrier needed to overcome to gain control of the regional prepaid provider and its Cricket brand. AT&T has vowed to retain the Cricket brand and compete aggressively on price in the prepaid market using the brand.
AT&T agreed to divest Leap spectrum in 12 markets, mostly in Texas in Nevada, in order to win approval of the deal.
AT&T plans to begin deploying LTE services on Leap's unused AWS and PCS spectrum licenses shortly after the deal closes. Further, the carrier plans to shutter Leap's CDMA network 12-18 months after the transaction officially closes, and will refarm that spectrum for LTE. Read the full article