Leap postpones AT&T vote, earnings release

24 Oct 2013

Leap Wireless has announced that it has postponed a planned vote by shareholders on its pending acquisition by AT&T Mobility, and also admitted that the release of its third quarter financial results will be delayed – citing the need to file amendments to past Securities and Exchange Commission (SEC) filings. Leap said the shareholder vote has been moved from 24 October to 30 October, while the financial release has been moved from 29 October to 8 November.

AS previously reported by TeleGeography’s CommsUpdate, in July this year AT&T announced plans to acquire Leap for around USD1.2 billion. Under the terms of the agreement it will pay USD15.0 per share to acquire all of Leap’s stock and wireless properties, including licences, network assets, retail stores and approximately five million subscribers.

United States, Leap Wireless International