Leap Wireless International Highlights Network Buildout ProgressLeap Unveils Next 10 Markets to Offer Innovative Cricket Service
--From AOL.-- Cooters
SAN DIEGO and NASHVILLE, Tenn., Aug. 3 /PRNewswire/ -- Wireless communications carrier Leap Wireless International, Inc. (Nasdaq: LWIN) plans to highlight the milestones it has achieved in its rollout plan for Cricket, its innovative local wireless service, at a company-organized gathering today of investment analysts in Nashville, Tenn.
"Cricket service is designed to open up the wireless revolution to everyone and transform wireless into a mass consumer product," said Harvey P. White, Leap's chairman and CEO. "We wanted to provide the analysts with a first-hand look at the Cricket concept in action in our second market and to allow them to meet our customers, visit our stores and hear from our executive team."
As part of its aggressive network build out, Leap:
-- Is currently working on wireless networks in 33 new markets
-- Is deploying 12 Mobile Switching Centers
-- Has signed agreements with tower aggregators under which it
expects to secure interests in more than more than 500 cell sites
-- Has ordered high-speed T1 circuits for the backhaul of nearly
250 cell sites
-- Has placed interconnect orders in 10 markets
Leap also will unveil the next 10 ten markets slated to offer Cricket service: Tucson, Ariz.; Little Rock, Ark.; Wichita, Kan.; Charlotte and Greensboro, N.C.; Albuquerque, N.M.; Tulsa, Okla.; Knoxville and Memphis, Tenn.; and Salt Lake City, Utah. Eight of these markets are expected to launch by the end of calendar year 2000.
"Our entire organization is dedicated to delivering results and launching markets according to our timeline," said Susan G. Swenson, Leap's president and chief operating officer. "We wanted to share the nuts and bolts of how we are turning our rollout plans into a reality."
White and Swenson will speak on an executive panel with Doug Hutcheson, senior vice president of wireless data development; Mark Kelley, chief technical officer; and Miles Johnson, regional vice president, southeast region.
The live broadcast of the day's program will be available online at www.leapwireless.com or www.streetevents.com today at 9:30 a.m. EDT. To listen to the call, please go to the Web site at least 15 minutes prior to the start time to register, download and install any necessary audio software. A replay of the conference call will be available shortly after the call through close of business August 10, 2000. The conference call will also be rebroadcast telephonically by dialing (800) 633-8284 (domestic) or (858) 812-6440 (international). Callers can enter the following reservation numbers:
Reservation #15914341 (Welcome Address and Yankee Group Presentation)
Reservation #15915036 (Executive Panel)
Reservation #15915111 (Cricket Customer Panel)
Priced competitively with traditional home phone service, Cricket service lets customers make and receive virtually unlimited phone calls in their local service area. Cricket service has achieved strong penetration and brand awareness in its first two markets, Chattanooga and Nashville, Tenn. Leap plans to launch Cricket service in a total of 35 markets by the end of 2001.
About Leap Wireless International, Inc.
Leap Wireless International, Inc., headquartered in San Diego, Calif., is dedicated to playing a leading role in transforming wireless communications for the mass consumer market. As a different kind of wireless company, Leap is designing solutions to make the wireless future a reality. Domestically, Leap has launched its "Comfortable Wireless" Cricket service that lets customers make all their local calls and receive calls from anywhere for one low, flat rate. Leap seeks to spark the wireless revolution by developing innovative voice and data services that deliver value to customers. For more information, please visit www.leapwireless.com.
This news release contains certain "forward-looking statements," including statements regarding Leap's continued growth in domestic and emerging markets. Forward-looking statements, which are based upon certain assumptions and describe future plans, strategies and expectations of the Company, are generally identifiable by use of the words "believe," "expect," "intend," "plan," "anticipate," "estimate," "project" or similar expressions. The ability of the Company to predict actual results and other future events is inherently uncertain. Important factors which may cause actual results to differ materially from the forward-looking statements contained herein or in other public statements by the Company are described in the section entitled "Risk Factors" in the Company's 1998 10-K, most recent 10-Q and other documents on file with the Securities and Exchange Commission. Those factors most likely to cause actual results to differ include but are not limited to: uncertainties regarding Leap's ability to access capital markets, the delayed build-out of Leap systems, failure of systems to perform according to expectations, increased competitive pressures that could affect market demand, uncertainties relating to costs and profitability of development stage companies, and the substantial leverage of Leap Wireless and its operating companies.
SOURCE Leap Wireless International, Inc.
CO: Leap Wireless International, Inc.
ST: California, Tennessee
IN: TLS MLM
SU: PDT
08/03/2000 07:31 EDT prnewswire.com |
