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Technology Stocks : Leap Wireless International (LWIN) -- Ignore unavailable to you. Want to Upgrade?

To: Michael who wrote (802)	1/25/2000 10:08:00 AM
From: caly	Read Replies (1) \| Respond to of 2737

On to North Carolina... Tuesday January 25, 7:31 am Eastern Time Company Press Release SOURCE: Leap Wireless International, Inc. Leap Wireless International Acquires Operating Licenses in North Carolina SAN DIEGO, Jan. 25 /PRNewswire/ -- Wireless communications carrier Leap Wireless International, Inc. (Nasdaq: LWIN - news) today announced that it has completed a previously announced transaction to acquire PCS operating licenses in North Carolina from AirGate Wireless, L.L.C. The F-Block licenses cover approximately 3.6 million potential customers (1998 POPs) in Charlotte, Greensboro and Hickory-Lenoir, N.C. In total, Leap has licenses and rights to acquire licenses covering approximately 29.2 million potential customers in markets across the country for use by its domestic subsidiary, Cricket Communications, Inc. The Federal Communications Commission (FCC) previously approved Leap's acquisition of the licenses, subject to several conditions. A competitor has filed an application for review of the FCC's decision. About Cricket Communications, Inc. Cricket Communications, Inc., a subsidiary of Leap Wireless International, plans to change the way people communicate by bringing wireless communications to the U.S. mass consumer market. Cricket's service concept, called ''Comfortable Wireless'' and the ''around-town phone,'' has been operating in Chattanooga, Tennessee since early 1999 using infrastructure of Chase Telecommunications, Inc. under an agreement that provides that ChaseTel controls the business until Leap's proposed acquisition of ChaseTel is complete. Cricket's service lets customers make and receive virtually unlimited calls within their local service area for one low, flat rate. Cricket's service also allows customers to make long distance calls by paying for these calls in advance. While roaming is not available, the local service area provides coverage where people live, work, and play. About Leap Wireless International, Inc. Leap Wireless International, Inc., headquartered in San Diego, Calif., 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 has launched all-digital wireless service in the United States, Mexico and Chile through its operating companies. 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 www.leapwireless.com. This news release contains certain ''forward-looking statements,'' including statements regarding Cricket's plans to provide services to the mass consumer market. 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 Annual Report on Form 10-K for the fiscal year ended August 31, 1999 and other documents on file with the Securities and Exchange Commission. Those risk factors include uncertainties relating to costs, profitability and the ability to raise sufficient capital for continued expansion and operation. ''Cricket,'' ''Comfortable Wireless'' and ''around-town phone'' are service marks of Cricket Communications, Inc. SOURCE: Leap Wireless International, Inc.