SAN DIEGO, Sept 23 (Reuters) - Qualcomm Inc. Wednesday said it completed the spinoff
of Leap Wireless International Inc.
Qualcomm share holders of record on September 11 will receive one share of the new company for each Qualcomm share
they own, a statement said.
''Regular public trading of Leap Wireless shares under the ticker symbol ''LWIN'' will begin as of September 24,'' the
statement said.
''The strategy of Leap Wireless will be to invest in wireless consortia with partners that offer financial resources, spectrum or
familiarity with the local market to facilitate deployment,'' the statement said.
Leap Wireless owns interests in Pegaso Telecomunicaciones SA de CV in Mexico, Metrosyvaz Limited in Russia, ChileSat
Telefonia Personal SA in Chile, among others.
Qualcomm develops and makes advanced communications systems and products based on its digital wireless technologie |
