Leap up

12 May 2008

The US cellular operator Leap Wireless International has posted 19.1% growth in its first-quarter revenues, which stood at USD468.4 million, and has narrowed losses from USD24.2 million to USD18.1 million. The San Diego-based company added just over 230,000 net new customers in the three months to the end of March 2008, taking its total subscriber base to 3.1 million. The customer churn rate rose slightly from 3.4% to 3.6%, though average revenue per user (ARPU) increased from USD44.81 a month in Q1 2007 to USD44.98 in the most recent period.

United States, Leap Wireless International