Blog Post

AT&T gets one step closer to swallowing Cricket

Leap Wireless(s leap) shareholders on Thursday signed off on AT&T’s(s t) 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.

2 Responses to “AT&T gets one step closer to swallowing Cricket”

  1. Steve Seaver

    Stop the cricket buyout!!!

    Let Cricket go bankrupt, it would be better, they hurt my wireless store and we went out of business because of cricket!!!