By Lisa Johnston
New products on display at the American International Toy Fair, held in N
San Diego — Leap Wireless stockholders approved the company’s purchase by AT&T.
More than 99 percent of the votes cast at a stockholder meeting Wednesday approved of the merger, which is awaiting clearance by the Federal Communications Commission (FCC) and the Department of Justice.
This TWICE webinar, hosted by senior editor Alan Wolf, will take a look at what may be the hottest CE products at retail that will be sold during the all-important fourth quarter. Top technologies, market strategies and industry trends will be discussed with industry analysts and executives.
San Diego — Leap Wireless pushed back a shareholder vote on its acquisition by AT&T from this Thursday to Oct. 30.
The no-contract carrier said the adjournment would give it time to file amendments to its Form 10-K for the year, ended Dec. 31, 2012, and its 10-Qs for the quarters, ended March 31 and June 30, 2013. The carrier said the changes would address “a classification error in the presentation of certain capital expenditures in the consolidated statements of cash flows.”
San Diego — Leap Wireless reported it had lost 337,000 net subscribers.
Sixty percent of the losses were the result of dropping multiple national retailers to focus on fewer more productive national chains, a decision to stop marketing daily prepaid PayGo service to new customers beginning last October, and continued de-emphasis on marketing Cricket Broadband data service to laptops and mobile hot-spot devices, the company said.
San Diego — No-contract carrier Leap Wireless plans to make changes to its base of national retailers to focus on retailers that themselves focus on wireless, Leap Wireless said in announcing its third-quarter financials.
The carrier, which sells under the Cricket brand, also said it expects to decrease the number of national retail doors to about 5,000 by early 2013. As of December 31, 2011, Cricket products and services were offered in about 11,500 national retail locations.