1. Michael Essany's Avatar


    AT&T has just announced plans to acquire prepaid-wireless company Leap Wireless International. AT&T says it will absorb the company behind the Cricket brand for approximately $1.19 billion in cash.

    Confirmed by the Wall Street Journal, the deal is "intended to kick-start the carrier's expansion into the low-cost market and values Leap shares at $15 a piece, a roughly 88% premium to the company's closing price Friday."

    Although AT&T hasn't said much about the acquisition yet, we're told the deal will include Leap's various licenses, network assets, retail stores and - this could be the biggest part - approximately five million subscribers.

    For now, AT&T plans to retain the Cricket brand name and, best of all for current Cricket subscribers, provide its customers with access to AT&T's 4G network.

    Naturally, the deal is subject to review by U.S. antitrust authorities but if all goes as planned, the deal will close in six to nine months.

    Source: WSJ
    2013-07-12 11:53 PM
  2. cmwade77's Avatar
    There goes some of the competition....expect to see higher priced plans coming from AT&T's prepaid division and Cricket's prices to go up as well.
    2013-07-12 11:57 PM
  3. vinaygoel2000's Avatar
    You really thought Cricket was giving competition to AT&T?
    2013-07-13 12:13 AM
  4. Carvensno's Avatar
    There goes some of the competition....expect to see higher priced plans coming from AT&T's prepaid division and Cricket's prices to go up as well.
    And what about this?? Nothing said about this take over!!!

    SoftBank Now Firmly in Control of Sprint After $21.6 Billion Deal
    2013-07-13 03:58 AM
  5. StuG III's Avatar
    There goes some of the competition....expect to see higher priced plans coming from AT&T's prepaid division and Cricket's prices to go up as well.
    Expect more of your privacy to disappear under AT&T.
    2013-07-13 04:29 AM
  6. vinaygoel2000's Avatar
    Expect more of your privacy to disappear under AT&T.
    FYI:

    Top 20 companies that care about consumer privacy:

    American Express

    Hewlett Packard

    Amazon

    IBM

    US Postal Service

    Procter & Gamble

    USAA

    Nationwide

    eBay

    Intuit

    Verizon

    Johnson & Johnson

    FedEx

    WebMD

    Weight Watchers

    U.S. Bank

    Disney

    Microsoft

    United Healthcare

    VISA

    AT&T

    Mozilla
    2013-07-13 06:47 AM
  7. exNavy's Avatar
    FYI:

    Top 20 companies that care about consumer privacy:
    American Express Hewlett Packard Amazon IBM US Postal Service Procter & Gamble USAA Nationwide eBay Intuit Verizon Johnson & Johnson FedEx WebMD Weight Watchers U.S. Bank Disney Microsoft United Healthcare VISA AT&T Mozilla
    What's your source for this?
    Hmm...
    2013-07-13 12:25 PM
  8. vinaygoel2000's Avatar
    What's your source for this?
    http://www.ponemon.org/local/upload/...rt%20FINAL.pdf
    2013-07-13 02:52 PM
  9. Carvensno's Avatar
    FYI:

    Top 20 companies that care about consumer privacy:

    American Express

    Hewlett Packard

    Amazon

    IBM

    US Postal Service

    Procter & Gamble

    USAA

    Nationwide

    eBay

    Intuit

    Verizon

    Johnson & Johnson

    FedEx

    WebMD

    Weight Watchers

    U.S. Bank

    Disney

    Microsoft

    United Healthcare

    VISA

    AT&T

    Mozilla
    Ya I remember reading this somewhere like 2 months ago or so also. Not this source but another website with same info.
    2013-07-13 03:18 PM
  10. StuG III's Avatar
    How is Mozilla at the bottom? I thought they were the ones most concerned about privacy!

    Also AT&T's policy
    Our Updated Privacy Policy | AT&T Public Policy Blog
    2013-07-13 05:42 PM
  11. vinaygoel2000's Avatar
    How is Mozilla at the bottom? I thought they were the ones most concerned about privacy!

    Also AT&T's policy
    Our Updated Privacy Policy | AT&T Public Policy Blog
    Mozilla is not at the bottom. It's ranked 20th amongst thousands of companies.
    2013-07-13 07:38 PM
  12. StuG III's Avatar
    I know. I was just surprised that Mozilla is always talking about user privacy and implementing it and is only 20th in rank!
    2013-07-13 07:58 PM
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