Leap Wireless can go ahead and pop the champagne, as it has just completed the spectrum transactions announced earlier this year that will hopefully lead to larger LTE growth. Leap's own Savary Island Wireless exchanged spectrum with T-Mobile USA and Cook Inlet/VS GSM VII PCS LLC (itself a T-Mo business), resulting in Cricket's parent company acquiring 10MHz of additional AWS spectrum in Phoenix, AZ and Houston, Galveston and Bryan-College Station, TX, among others. In return, T-Mobile received spectrum in various markets in Alabama, Illinois, Missouri, Minnesota and Wisconsin. There are also several intra-market exchanges in Philadelphia, Wilmington, Atlantic City, New Mexico, and Texas. In addition to the spectrum exchange, Leap also formally acquired the entirety of Savary Island Wireless for around $5.3 million (It previously only owned an 85 percent share) so the company has even more cause for celebration. Just don't overindulge on the Cristal, okay Leap?

Continue reading Leap Wireless swaps spectrum with T-Mobile, buys all of Savary Island

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Leap Wireless swaps spectrum with T-Mobile, buys all of Savary Island originally appeared on Engadget on Tue, 02 Oct 2012 01:15:00 EDT. Please see our terms for use of feeds.