Leap Wireless said its shareholders approved AT&T’s proposed...
Leap Wireless said its shareholders approved AT&T’s proposed buy and merger of the carrier. More than 99 percent of participating shareholders voted in favor of the merger at a meeting in Denver, Leap said (http://bit.ly/HrMReb). AT&T has said it will…
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shutter Aio Wireless, its own foray into prepaid, preferring to merge and expand its prepaid footprint under Leap’s Cricket brand. The possibility of prepaid consolidation as a result of an AT&T-Leap merger has been one of the major reasons behind some public interest groups’ petitions to the FCC to veto the deal. AT&T has said there are undeniable public interest benefits to the deal (CD Oct 25 p9). Both the FCC and the Department of Justice must still review the deal.