Clearwire agreed to a five-year wholesale agreement with Leap Wireless...
Clearwire agreed to a five-year wholesale agreement with Leap Wireless to supply the prepaid carrier’s Cricket brand with LTE services, the companies said. The agreement will supplement Cricket’s LTE buildout strategy with additional 4G capacity, Leap CEO Doug Hutcheson said.…
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Financial terms weren’t disclosed. The move is a step in the right direction as it offers “credence” to Clearwire’s operating strategy of being a “neutral” spectrum partner to many different carriers, while Leap might not “move the needle as much as an agreement with another national carrier would,” Wells Fargo analysts said. Clearwire’s spectrum has “tremendous” value, said Credit Suisse analysts, who have been expecting new wholesale deals following the demise of the AT&T/T-Mobile deal and the unavailability of LightSquared capacity. Meanwhile, Leap should be a “valuable” source of revenue for Clearwire over time, the analysts said. They expected additional agreements with some or all of MetroPCS, AT&T, T-Mobile USA and others in coming months.