ot--Leap Wireless International Operating Company
PEGASO PCS Launches Service in Guadalajara, Mexico
PEGASO Enters Second Mexican Market in its Path to National Coverage
SAN DIEGO and GUADALAJARA, Mexico, Aug. 27 /PRNewswire/ -- Wireless communications carrier Leap Wireless
International, Inc. (Nasdaq: LWIN - news) today announced that its Mexican operating company, PEGASO PCS, will begin
launching all-digital commercial wireless service in Guadalajara, Jalisco, Mexico. Guadalajara marks the second market in
PEGASO's rollout of a 100 percent CDMA digital wireless network. The launch ceremony will be attended by Alberto
Cardenas Jimenez, Governor of Jalisco, who will make the ceremonial first call on Guadalajara's network using a PEGASO
phone. PEGASO expects to have more than 200 points of distribution in Guadalajara including stores such as: Soriana,
7-Eleven, Office Depot, Office Max, Videocentro, Fabricas de Francia, Godea Aurreara, Farmacias Benavides, and Oxxo.
''PEGASO's launch in Guadalajara reaffirms our goal to increase teledensity in underserved markets, and it firmly establishes
PEGASO's position as a serious player in the Mexican wireless arena,'' said Harvey P. White, Leap's chairman and CEO. ''By
building Mexico's first 100 percent digital wireless network, PEGASO clearly is demonstrating its momentum and commitment
to providing Mexican consumers with superior wireless service.''
PEGASO has been offering service in Mexico since February 1999 when it launched its all-digital wireless service in Tijuana.
Committed to setting new standards of quality and excellence for wireless services in Mexico, the company offers mass
distribution of pre-activated telephones through self- service stores and supermarkets. PEGASO also offers customers a ''Fair
Payment Per Second,'' billing service. The first of its kind in the Mexican market, the service charges users only for the airtime
they actually use, resulting in a more affordable wireless service for users. PEGASO expects to launch service in Monterrey
and Mexico City by the end of 1999. These launches will complete PEGASO's buildout in the country's four largest economic
centers.
About PEGASO PCS
With a planned initial investment of approximately $1.3 billion, PEGASO PCS is deploying the first 100% digital network in
Mexico. PEGASO plans to offer nationwide PCS service, launching in the country's four largest cities in 1999, starting with
Tijuana and Guadalajara and moving on to Monterrey and Mexico City. The PEGASO network will be one of the largest in the
Americas.
About Leap Wireless International, Inc.
Leap Wireless International, Inc., headquartered in San Diego, California, is a wireless communications carrier that deploys,
owns and operates wireless networks in domestic and international markets with strong growth potential. In conjunction with its
strategic partners, Leap is building or anticipates building a combination of fixed and mobile wireless solutions in Mexico, Chile,
Russia and the United States. The world is going wireless, and Leap believes that CDMA is the technology of choice to
increase the teledensity that is critical to economic growth. For each of its ventures, Leap is actively involved in management of
the systems, combining its experience in international markets with its wireless technical expertise in CDMA. Leap is dedicated
to bringing the benefits of reliable, cost-effective and high- quality voice and data services to domestic and emerging markets.
For more information, please visit the company's web site at www.leapwireless.com.
This news release contains certain ''forward-looking statements,'' including statements regarding the cost and future scope of
PEGASO's wireless network. 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: the currency
exchange and economic risks associated with Mexico, uncertainties regarding Leap or PEGASO's ability to access the capital
markets, the delayed build out of the PEGASO network, failure of the PEGASO network to perform according to
expectations, and competitive pressure that could affect market demand for PEGASO's services.
SOURCE: Leap Wireless International, Inc.
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