LEAP WIRELESS INTERNATIONAL INC

LEAP WIRELESS INTERNATIONAL INC

Previous company name
QUALCOMM SPINCO INC
Name change date
6/26/1998
Company Overview
Leap Wireless International Inc. is a publicly quoted company engaged in the provision of wireless telecommunication services principally in the United States. The company was incorporated in 1998. The company’s headquarters is located in San Diego, California, USA.
Leap Wireless International is a customer-focused company that provides innovative mobile wireless services to meet customers’ needs who are under-served by traditional communications companies. The company’s core business foundation is committed to the simplicity and value of unlimited wireless services through its pioneered Cricket and Jump Mobile service brands in the United States.
Cricket is a simple and affordable wireless cell phone service provider, offering customers and local businesses flat-rate, unlimited service over a high-quality, all-digital wireless network without requiring a fixed-term contract or a credit check. It offers customers access to the latest handsets and feature-rich mobile applications such as text messaging, picture messaging, instant messaging, popular games, ringtones and wallpapers, as well as international long distance and roaming.
Jump Mobile helps re-define traditional prepaid wireless service through free text messaging, free incoming calls from anywhere, and only 10ў per minute for local and domestic long distance outgoing calls. It also offers customers access to a high-quality, all-digital wireless network, and of the latest phones, accessories, ringtones, wallpaper, and games.
Both Cricket and Jump Mobile services are offered by Leap’s wholly-owned subsidiary, Cricket Communications, Inc. (Cricket). Cricket and Jump Mobile services are also offered in certain markets by Alaska Native Broadband 1 License, LLC, and by LCW Wireless Operations, LLC.
Business Summary
Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Its Cricket service offerings provide customers with unlimited wireless services for a flat rate without requiring a fixed-term contract or a credit check. Cricket service is offered by Cricket, a wholly owned subsidiary of Leap, and is also offered in Oregon by LCW Wireless Operations, LLC (LCW Operations) and in the upper Midwest by Denali Spectrum Operations, LLC (Denali Operations). Cricket owns an indirect 70.7% non-controlling interest in LCW Operations through a 70.7% non-controlling interest in LCW Wireless, LLC (LCW Wireless) and owns an indirect non-controlling interest in Denali Operations through an 82.5% non-controlling interest in Denali Spectrum, LLC (Denali).
Description and history
Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless services in the United States under the Cricket brand. Its Cricket service offerings provide customers with unlimited wireless services for a flat rate without requiring a fixed-term contract or a credit check. Cricket service is offered by Cricket, a wholly owned subsidiary of Leap, and is also offered in Oregon by LCW Wireless Operations, LLC (LCW Operations) and in the upper Midwest by Denali Spectrum Operations, LLC (Denali Operations). Cricket owns an indirect 70.7% non-controlling interest in LCW Operations through a 70.7% non-controlling interest in LCW Wireless, LLC (LCW Wireless) and owns an indirect non-controlling interest in Denali Operations through an 82.5% non-controlling interest in Denali Spectrum, LLC (Denali).

As of December 31, 2009, Cricket service was offered in 35 states and the District of Columbia, and had approximately 5.0 million customers. As of December 31, 2009, the Company, LCW Wireless License, LLC (LCW License) (a wholly owned subsidiary of LCW Operations), and Denali Spectrum License Sub, LLC (Denali License Sub) (an indirect wholly owned subsidiary of Denali) owned wireless licenses covering an aggregate of approximately 186.1 million population and potential customers (POPs). The combined network footprint in its operating markets covered approximately 94.2 million POPs, as of December 31, 2009. The Company’s primary Cricket service is Cricket Wireless, which offers the customers unlimited wireless voice and data services for a flat monthly rate. In addition to Cricket Wireless voice and data services, the Company offers Cricket Broadband, its mobile broadband service, which allows customers to access the Internet through their computers for one low, flat rate with no long-term commitments or credit checks. It also offers Cricket PAYGo, a pay-as-you-go unlimited prepaid wireless service.

Cricket Wireless Service Plans

The Company’ Cricket Wireless service plans are designed to attract customers by offering wireless voice and data services. The Company offers service on a flat-rate, unlimited usage basis, without requiring fixed-term contracts, early termination fees or credit checks. Its service plans allow the Company’s customers to place unlimited calls within Cricket service areas and receive unlimited calls from anywhere in the world. Its Cricket Wireless rate plans include unlimited local and United States long distance service from any Cricket service area and unlimited text messaging. It also offers a flexible payment option, BridgePay.

Cricket Wireless Plan Upgrades

The services that customers can add to their Cricket Wireless service plans include packages of international calling minutes to Canada and/or Mexico, and Cricket Flex Bucket service, which allows its customers to pre-purchase services (including additional directory assistance calls, domestic and international long distance, ring tones, premium short message service (SMS) and text messaging to wireless users) and applications (including customized ring tones, wallpapers, photos, greeting cards, games and news and entertainment message deliveries) on a prepaid basis.

Handsets

The Company’s handsets range from high-end to low-cost models, and include models that provide mobile Web browsers, picture-enabled caller ID, color screens, high-resolution cameras with digital zoom and flash, integrated frequency modulation (FM) radio and moving picture experts group layer-3 audio (MP3) stereo, universal serial bus (USB), infrared and Bluetooth connectivity, over 20 megabytes of on-board memory, and other features to facilitate digital data transmission. The handsets that the Company offer use CDMA2000 1xRTT, or CDMA 1xRTT, or EvDO technology. In addition, it offers selective handset upgrade incentives for customers who meet certain criteria.

Cricket Broadband Service

Cricket Broadband is the Company’s unlimited mobile broadband service offering. Like its Cricket Wireless unlimited service plans, its unlimited mobile broadband service allows customers to access the Internet through their computers for one flat rate with no long-term commitments or credit checks, and brings broadband data capability to the unlimited wireless segment. The Cricket Broadband service is available to its customers in all of the markets, in which the Company operates.

Cricket PAYGo Service

Cricket PAYGo is a pay-as-you-go unlimited prepaid wireless service designed for customers who prefer the flexibility and control offered by traditional pre-paid services but who are seeking greater value for their dollar. During 2009, the Company began distributing daily and monthly pay-as-you-go versions of its Cricket PAYGo product through national mass-market retailers.

The Company competes with AT&T, Sprint Nextel, T-Mobile, Verizon Wireless and Tracfone Wireless.

Business Line
Engaged in the provision of wireless telecommunication services principally in the United States
Subsidiary
CHASETEL REAL ESTATE HOLDING COMPANY INC
Advisor
PRICEWATERHOUSECOOPERS LLP
IPO date
9/23/1998
US SIC Code
4812
Company Address
10307, Pacific Center Court

City province or state postal code
92121, SAN DIEGO, CA
Phone: +1 858 882 6000
Fax: +1 858 882 6010
Country address: UNITED STATES OF AMERICA
Website url: www.leapwireless.com