AT&T will “probably” be able to close its...
AT&T will “probably” be able to close its buyout of Leap Wireless this month, AT&T CEO Randall Stephenson said Thursday at a Morgan Stanley investor conference. The carriers are awaiting FCC approval of the deal, which industry observers say is…
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likely to occur soon (CD March 4 p2). AT&T plans to bring Leap’s Cricket prepaid service nationwide “overnight” once the deal closes, Stephenson said. “We are going to be fairly aggressive here.” AT&T has said it will fold its existing Aio Wireless prepaid service into Leap’s Cricket service post-buyout. Leap’s AWS spectrum, meanwhile, “will pair very nicely with the Aloha transaction we just announced end of last year,” Stephenson said. “So we've got a very nice footprint at the AWS level.” AT&T said in January they would buy 49 AWS-1 licenses from Aloha Partners (CD Jan 8 p10). AT&T reported in two ex parte filings on additional discussions with FCC staff about the proposed deal. “In particular, we discussed rate plans that AT&T intends to offer upon launch of the New Cricket; AT&T’s spectrum holdings in various [markets]; AT&T’s LTE deployment; and AT&T’s plans to deploy Leap’s AWS and PCS spectrum to enhance AT&T’s LTE network,” said one of the filings (http://bit.ly/1cFOKNe). A second discussion focused on “Leap’s indirect, minority ownership interest in Flat Wireless,” a filing said (http://bit.ly/1gVzOx9).