Cricket Signs LTE Wholesale Agreement with Clearwire
Leap Wireless today announced that it has signed a wholesale agreement with Clearwire so it can access Clearwire's forthcoming LTE 4G network. The deal, which will initially last five years, will provide Leap's Cricket prepaid wireless service with the ability to offload extra capacity to help supplement its own LTE network. Cricket plans to deploy LTE to about two-thirds of its total footprint in the coming two or three years, and will cover 25 million POPs with LTE by the end of 2012. Financial terms of the agreement were not disclosed.
Precursor to a Merger / Buyout