Leap Wireless International (LWIN) Message Board

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Technology Stocks : Leap Wireless International (LWIN)

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To: KaiserSosze who wrote (437)	7/22/1999 9:34:00 PM
From: Randall Knight	Read Replies (2) of 2737

About time: FCC Clears Way for Leap Wireless International to Rollout Cricket Concept Leap to Acquire Over 20 Million POPs SAN DIEGO, July 22 /PRNewswire/ -- Wireless communications carrier Leap Wireless International, Inc. (Nasdaq: LWIN -news) today announced that the Federal Communications Commission (FCC) has issued a Memorandum Opinion and Order, which conditionally grants Leap's applications to transfer four F-Block PCS licenses from AirGate Wireless, L.L.C., in North and South Carolina to Cricket Holdings, a wholly owned subsidiary of Leap. The Memorandum Opinion and Order also grants Leap's application to acquire '36 C-Block PCS licenses on which the company was the successful bidder in the U.S. government's recent reauction of PCS spectrum. The auctioned licenses will be formally granted after remaining payment obligations have been met. The license grants affected by the Memorandum Opinion and Order are subject to certain conditions and are effective on issuance by the FCC. Leap believes it will meet all the conditions and has initiated the required payments.

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