AT&T gets one step closer to swallowing Cricket

Leap Wireless shareholders on Thursday signed off on AT&T’s planned buyout of the carrier, its 5 million Cricket Communications subscribers and, most importantly, its spectrum. The vote wasn’t even close with 99 percent shares voted in favor of the $1.2 billon cash deal, though their approval was pretty much a given. The acquisition now faces its biggest challenges: regulatory reviews before the Federal Communications Commission (with newly installed chairman Tom Wheeler at the helm) and the U.S. Justice Department.

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