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

To: METMAN who wrote (158)	1/1/1999 6:34:00 PM
From: kech	Read Replies (1) \| Respond to of 2737

Uh oh--- SAN DIEGO, Dec. 31 /PRNewswire/ -- Wireless communications carrier Leap Wireless International, Inc. (NASDAQ:LWIN) today announced that it expects to file in a timely manner its response to the comments and opposition received by the Federal Communications Commission (FCC) regarding Leap's pending acquisition of wireless licenses in North and South Carolina from AirGate Wireless, L.L.C. The comments challenge Leap's status as a "designated entity," which entities small businesses to preferential pricing and payment terms when acquiring PCS frequency in the C and F blocks. Leap strongly believes that it meets all the FCC requirements to obtain approval of the license transfer and will support its conclusion in its response. Leap Wireless, headquartered in San Diego, California, is a wireless communications carrier that deploys Code Division Multiple Access (CDMA) networks in domestic and international markets with strong growth potential. 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 covering approximately 162 million potential customers, of which Leap's equity share is approximately 62 million. The world is going wireless, and Leap Wireless believes CDMA is the technology of choice to increase the teledensity that is critical to economic growth. For each of its ventures in which it owns a significant position, Leap Wireless is 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,