What does Leap have up its sleeve?
When news like Leap Wireless’s recent stock offering hit the wires, the standard procedure is to open it read it and throw it away. Yeah, it’s prepaid company-related news, but it’s not of real note as far as the end user is concerned. This time, though, perhaps it could foreshadow some future developments. After all, offering additional shares of stock means the company is trying to raise money. Perhaps they have something interesting in the offing.
While it’s complete corporate-speak, one paragraph in the press release can get one imagining the possibilities:
Leap expects to use the net proceeds of the offering for general corporate purposes, which could include the expansion and improvement of its network footprint, acquisitions of additional spectrum or complementary businesses and, over the longer term, the deployment of next-generation network technology.
While it’s unlikely they’ll raise money for all these improvements, we could certainly see one or two. Especially a next-gen network. Rival MetroPCS is doing it. Leap would be wise to stay close behind.
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Hmm, maybe they want to buy out their fiercest competition, the rough ‘n’ ready Texas-based Pocket Communications. In central and South Texas competition is so hot (pun maybe intended, maybe not) that CricKet has measurably better plans here and no activation fees. Their coverage in the region is subpar though, but I hear that about other CricKet-served areas…
Posted on June 1st, 2009 at 11:55 pm
When Cricket came to Indiana it made the other cell phone companies wake up. The launch of Chicago market made lead stock go from 11.00 a share to 34.00 per share in 17 days. I sold my shares at 36.00 and trippled my investment in less then a month. Cricket is a money making machine. Cricket has no plans on selling that I am aware of they have been in buisness over 10 years if anything they are going to buy a cell phone company nd join their local coverage areas together and be nationwide. Look out Verison and Sprint ther is a new force to be recconded with. The truthis all cell phone companies could of offered unlimited service but they continued to rob Americans until now, they scramble to keep their customers because Cricket has the RESPECT.
Posted on June 14th, 2009 at 12:00 am