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Leap Gets Rights to Airwaves in Carolinas

Leap Wireless International Inc. announced that it acquired 13 spectrum licenses in North and South Carolina for $31.8 million, allowing the company to expand its wireless services.

According to a Dec. 13 Leap press release, the acquisition from Urban Comm-North Carolina Inc. represented 4.9 million potential customers, growing its potential customers in North and South Carolina to 9 million.

Leap purchased 10 megahertz in the following markets:

• North Carolina: Asheville-Hendersonville; Burlington; Goldsboro-Kinston; Greenville-Washington; New Bern; Raleigh-Durham; Roanoke Rapids; and Rocky Mount-Wilson.

• South Carolina: Florence; Myrtle Beach; Orangeburg; Sumter; and Charleston.

Communications carrier Leap Wireless is traded on the Nasdaq as LEAP and closed Dec. 13 at $60.15, its highest close in more than a year.

— Andy Killion

» Link to this article


  February 8-14, 2010
SDBJ News
CONNECT Goes to Washington
Most high-tech entrepreneurs and innovators don’t have time to put on a tie and sit through a three-hour meeting about policy issues in Washington, D.C. They are too busy creating the next generation of digital mobile applications and lifesaving health care products, and creating jobs for the new innovation economy. There has not been a strong voice or presence in the nation’s capital to represent these innovators, who neither have the money nor bandwidth to lobby or educate representatives on their needs and interests — until now.
S.D. Companies Race to Build Gene Machines
Technology contenders in the race to decode a person’s entire genetic makeup for less than $1,000 have been making gains in recent months, signaling that the finish line isn’t far ahead.
Conference Focuses on Methods to Combat Cyber Attacks
The creative and destructive power of the Internet emerged as a major topic of the West 2010 military conference, sharing the stage with more time-honored topics such as ships and naval strategy.
Scripps Health Issues $220M in Revenue Bonds
Scripps Health, currently in the middle of a building spree intended to bring its aging health care facilities up to date while accommodating future population demands, sought help financing its projects through the public markets last week.
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