Recent Acquisitions

$$ In July $2013,$ AT&T had agreed to acquire Leap Wireless, a prepaid wireless provider operating under the Cricket brand name. The transaction was valued at $$1\mathrm{.}26$ billion, plus a contingent payment from the sale of $700$ MHz spectrum in the Chicago market. Leap had a CDMA network covering approximately $96$ million people and an LTE network covering an additional $21$ million people. It had $4\mathrm{.}5$ million subscribers.

$$ In September $2013,$ AT&T had agreed to acquire Atlantic Tele$-$Network for $$806$ million in cash. Atlantic Tele$-$Network had $550,000$ wireless subscribers.