12-12-2007, 05:21 PM
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Join Date: Sep 2007
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Leap AKA Cricket is Buying Hargray Communications Group for $30M
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Cricket Wireless AKA Leap Wireless is planningacquire Hargray Communications wireless operations for $30M which will expand Leap’s Cricket service into Savannah, Ga. and Hilton Head, S.C.
The deal includes Hargray’s 15 megahertz spectrum license, wireless network and most of its wireless customer base—except Hargray customers who have bundled wireline and wireless service. The two companies have agreed that those customers will stay with Hargray but will receive Cricket service through a wholesale agreement.
Leap did not disclose how many customers it will acquire through the transaction. Leap expects the transaction to close in the first half of next year.
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