FCC Approves AT&T's $1.2B Buy Of Leap Wireless

Law360, Los Angeles (March 13, 2014, 7:02 PM EDT) -- The Federal Communications Commission on Thursday approved AT&T Inc.’s proposed $1.19 billion acquisition of San Diego-based prepaid wireless provider Leap Wireless International Inc., noting that the deal could have caused competitive and public interest harm if not tempered by additional commitments by the companies.

In July, AT&T announced it had agreed to buy Leap, which provides wireless services through its subsidiary Cricket Wireless, for $15 per share in cash. Under the deal, AT&T said it would acquire all of Leap’s stock and wireless properties, including licenses,...
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