Leap Wireless Exploring Possible Sale
Leap Wireless is close to hiring a bank to help it explore strategic options moving forward, according to sources familiar with the matter. Reuters reports that Leap may hire Goldman Sachs, with which it already has a history. Leap is weighing consolidation and or/and outright sale to a competitor. MetroPCS has previously expressed interest in acquiring and/or merging with Leap Wireless. It made a bid of $5.5 billion for Leap back in 2007, and expressed interest as recently as September 2009. Leap has not officially provided comment on the matter. Leap runs a pre-paid wireless service branded as Cricket.
For example... Metro phones must be flashed through Houdini from what I understand, which is not free... where as if you know how to flash a phone to Cricket you can do it for free.