Home › News ›

Leap Shutters Some Stores, Reduces Headcount

Mar 9, 2010, 2:32 PM by Eric M. Zeman

Leap Wireless recently indicated that it has permanently closed 27 — about 10% — of its 269 Cricket Wireless stores. It has also laid off 180 people, trimming its staff level down to 4,200 employees around the country. The company said that the store closings and staff reduction are part of normal retail operations, though the company reported a $64 million loss in its most recent financial quarter. Leap recently announced a new joint venture with Pocket Communications to expand its presence in Texas, and Leap is believed to be seeking another company to partner with on a much larger level, or buy it out altogether.

Fierce Wireless »

Related

AT&T's Newest 5G Phone is Just $90

Sep 10, 2021
AT&T Prepaid and Cricket are offering a new, white-label 5G phone for as low as $90, a new milestone for affordability of 5G phones. AT&T Prepaid is offering the phone as the AT&T Radiant Max 5G.

TCL Creates New Stylus Phone for US

Jun 2, 2022
TCL is entering a new category in the US phone market: affordable phones with a built-in stylus. The new TCL Stylus 5G is roughly similar to company's TCL 30 V 5G for Verizon, but with a stylus and going on sale today with T-Mobile and Metro.

Qualcomm Intros Snapdragon Chips for 2023's Mid-Range & Affordable 5G Phones

Sep 6, 2022
Qualcomm has just announced the two chips that will power a great number of entry-level and mid-range Android phones in 2023: the Snapdragon 4 Gen 1 and Snapdragon 6 Gen 1. Both chips integrate a 5G modem and include upgraded performance as well as new features compared to the chips they replace.

Cricket Doubles Down on White-Label Phones

Oct 21, 2022
Cricket has started selling two new Cricket-branded phones: the Cricket Icon 4 and Cricket Innovate E 5G. While Cricket has offered many such white-label phones in the recent years, these additions bring the number of own-brand phones the company now sells to ten, possibly a record number for any US carrier.

T-Mobile's Faster Mid-Band 5G Now Covers 140 Million People

May 4, 2021
As part of its quarterly earnings report today, T-Mobile provided an update on its 5G rollout and Sprint customer migration. The company's faster "Ultra Capacity" 5G network — the bulk of which relies on 2.5 GHz mid-band radio frequencies — now covers 140 million people and is on track to cover 200 million by the end of 2021.

Comments

This forum is closed.

This forum is closed.

flip mode

Mar 10, 2010, 11:15 PM

METRO PCS

It just makes sense...that sucks leap is hurting.

landmarkcm

Mar 9, 2010, 10:53 PM

Sprint should just gobble them up

Sprint should help themselves get stronger and gobble them up Im loving Sprint right now best contract player in my opinion best plans got hooked up didnt know what I was missing out on with all the Android fun.

grooves12

Why would that be a good business decision for Sprint?? Sprint already has all the spectrum and coverage they need in the areas that Leap covers, and their pre-pay customer base isn't worth a whole lot as they are a small number and a low-value base t...
(continues)

...

grooves12

Mar 10, 2010, 12:37 PM

Ony a matter of time before MetroPCS buys them...

And, why did they reject MetroPCS's merger offer?? They are now gonna go back to them groveling, and Metro will end up owning them anyways for a much lower cost.

The Cellular Jesus

Mar 9, 2010, 9:05 PM

I predict that Leap will be out of business in a year.

Either they will shutter their doors, or be bought out, but either way, they aren't going to be around much longer.

Page 1 of 1