T-Mobile and Leap Complete Spectrum Swap
Oct 2, 2012, 7:38 AM by Eric M. Zeman
T-Mobile USA, Leap Wireless, and Savary Island have finalized a spectrum swap that was announced earlier this year. Under the terms of the deal, Leap has acquired 10MHz of AWS spectrum in Phoenix, Ariz., and Houston, Galveston, and Bryan-College Station, Texas. In exchange, Leap Wireless and its subsidiary Savary Island gave T-Mobile and Cook Inlet spectrum in various markets in Alabama, Illinois, Missouri, Minnesota, and Wisconsin. The deal also includes intra-market swaps between Leap, T-Mobile, and Cook Inlet in Philadelphia, Wilmington, Atlantic City and several markets in Texas and New Mexico. In addition to these spectrum exchanges, Leap Wireless announced that Cricket Wireless has acquired the remaining outstanding equity in Savary Island, making it a wholly owned subsidiary of Cricket Wireless.
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