Leap Wireless reports subscriber growth

8 Jan 2008

The US cellco Leap Wireless International added 634,000 net new subscribers in 2007, including 152,000 in the final three months of the year, to take its total customer base to 2.86 million. Customer churn fell to 4.2% in the fourth quarter, the firm said. ‘We are pleased with the company’s end-of-year performance in adding new customers and reducing churn,’ said Doug Hutcheson, Leap’s CEO and president. ‘Strong customer uptake during the conclusion of the holiday buying season helped deliver results ahead of our expectations on these two metrics, demonstrating the strength of our business as we head into the new year,’ he added.

United States, Leap Wireless International