U.S. AT & T buys operator Leap Wireless
In the U.S. market due once again goes big deal, aimed at consolidating the industry. The largest telecom operator AT & T gets its regional rival Leap Wireless for 1.19 billion dollars. Amount paid almost twice the market value of Leap. Company Leap - a regional U.S. mobile operator, working not in all states. With the current positions of business, one of the most valuable assets of Leap is its radio frequencies in the United States.
According reached between the companies agreement, AT & T will pay Leap for $ 15 per share, which is 88% more than their market value as of Friday of last week (7, 98 dollars). For AT & T buying Leap - this is the easiest and fastest way to expand network capacity against a high load on existing channels of smartphones and internet tablets.
Attention is drawn to the fact that on this deal was announced just days after the Japanese Softbank acquired third the largest U.S. Sotovik Sprint Nextel. In March of this year, the fourth largest Softpedia T-Mobile US teamed up with the operator MetroPCS. In parallel with this, the operator Verizon Wireless does not preclude the absorption of Dish Networks.
Under the deal, Leap had no right to consider alternative proposals, and additional radio frequencies, purchased in 2012, will be redistributed in favor of AT & T. In the United States Leap operates under the brand Cricket and in AT & T promises that will keep the brand in the mobile market.
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