On
July 15, 2013 American Tower Corporation released information about the company
in response to AT&T’s planned acquisition of Leap Wireless. American Tower
reported that for the quarter that ended on March 31, 2013 AT&T and Leap
Wireless accounted for approximately 17% and 2% respectively of American
Tower’s consolidated operating revenues.
“American Tower currently has separate leases for
antenna space with AT&T and Leap Wireless on the same site at approximately 1,066 communications
sites owned or operated by American Tower. The revenue generated from Leap Wireless on these sites represented less than 1% of American
Tower's consolidated operating revenues for the quarter ended March 31, 2013. The average remaining non-cancellable current lease
term on these sites with AT&T and Leap
Wireless is approximately 7 years,” American Tower reported in
a recent press release.
Leap’s network covers approximately 96 million people in 35
U.S. states. Leap currently operates under the Cricket brand, a 3G CDMA
network, as well as a 4G LTE network covering 21 million people in these areas,
and has 3,400 employees. AT&T plans to retain the Cricket brand name and
provide all current customers with access to AT&T’s mobile network.
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