All LEAP NEWS;
Leap Wireless International Operating Company OzPhone
Pty. Ltd. Acquires Additional Spectrum in Australia
PRNewswire
OzPhone Plans to Offer Service in Australia in
Second Half of 1999
SAN DIEGO, Oct. 1 /PRNewswire/ -- Wireless
communications carrier Leap Wireless
International, Inc. (Nasdaq: LWIN) today announced that one of its
operating companies, OzPhone Pty. Ltd., has acquired two additional
cellular licenses in Australia. The properties, Remote West and Remote
Queensland, are in addition to the eight licenses OzPhone purchased in
Australia in May 1998. OzPhone's portfolio now totals ten licenses covering
6 million potential customers (POPs) in Brisbane, Perth, Cairns, Mackay,
Maryborough, Grafton, Tasmania, Regional West, Remote West and
Remote Queensland regions. OzPhone expects to provide digital wireless
services using Code Division Multiple Access (CDMA) technology starting
in the second half of 1999. The CDMA networks will offer secure, clear
voice communications and fast, reliable access to data services, including
e-mail, fax and Internet browsing.
Leap Wireless deploys CDMA networks in domestic and international
markets with strong growth potential. In addition to OzPhone, Leap
Wireless is building CDMA networks in Mexico, Chile, Russia and the
United States.
"We are very excited about the opportunities in Australia," said Harvey P.
White, chairman and CEO of Leap Wireless. "We believe that with the
superiority of CDMA technology and our commitment to customer service,
we can deliver first class wireless service."
OzPhone expects to offer high-quality voice and data services using wireless
circuit switched data capabilities such as faxing and Internet access. In
addition, OzPhone plans to provide packet data services, which will give
subscribers a fast and efficient direct connection to the Internet. "Our
state-of-the-art wireless mobile data services will give users a full suite of
Internet services and a transparent connection to their office servers,
allowing them to check email, browse the Internet and schedule meetings
from their mobile phone or portable computer," White said. OzPhone's
packet data services also will enable a variety of business applications,
including point of sale credit card authorization services and meter reading.
Headquartered in San Diego, Leap Wireless is a wireless communications
carrier that deploys CDMA networks in domestic and international markets
with strong growth potential. Leap Wireless was spun off from [ Qualcomm
Incorporated ] on September 23, 1998. In conjunction with its strategic
partners, Leap Wireless is building or anticipates building a combination of
fixed and mobile wireless solutions in Mexico, Chile, Australia, Russia and
the United States. The world is going wireless, and Leap believes CDMA is
the technology of choice to increase the teledensity that is critical to
economic growth. For each of its ventures, Leap Wireless expects to be
actively involved in the management of the networks, combining its
experience in international markets with its wireless technical expertise in
CDMA. Leap Wireless 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 about Leap Wireless, please visit
the company's web site at leapwireless.com.
This news release contains certain "forward-looking statements."
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,"
"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 Information Statement filed with the Securities
and Exchange Commission on September 14, 1998. Those risk factors
include the uncertainties relating to costs and profitability of development
stage companies, the substantial leverage of Leap Wireless and its operating
companies, the uncertainties regarding Leap Wireless' ability to access
capital markets, and the risks associated with international emerging
markets. SOURCE Leap Wireless International, Inc.
(Copyright 1998)
_____via IntellX_____
Publication Date: October 01, 1998
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