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Leap Wireless history
Leap Wireless company history timeline
As Leap marked its first anniversary in September 1999, management could point to a number of achievements.
Leap also sold an Australian subsidiary in 1999 when it was offered a good price for the business.
A joint venture in Russia also launched wireless services in the early months of 1999, but by the end of the year Leap pulled out of the arrangement after its operating partner defaulted on loan agreements.
In late 1999 Leap filed to make an initial public offering (IPO) of stock and investor interest was so great that the offering was increased from three million to four million shares.
The company then raised the funds it needed to launch service in these markets with a highly successful securities sale in February 2000.
In May 2000, Leap received an attractive cash buyout offer from its Chilean partner and management decided it was in the interests of shareholders to accept.
As Cricket continued its rollout during the course of 2001, it began to service 39 markets in 20 states and cracked the one million mark in number of customers.
Some of the company's winning license bids in 2001 were challenged by NextWave Communications, which took the matter all the way to the United States Supreme Court.
By the time the company filed for Chapter 11 bankruptcy protection in April 2003, Leap stock was worth less than a dime.
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Leap Wireless competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| NII Holdings | 1995 | $870.0M | 16,089 | - |
| Global Crossing | 1997 | $2.5B | 5,235 | 38 |
| iBASIS | 1996 | $1.2B | 420 | - |
| MRV Communications | 1988 | $80.3M | 200 | - |
| Transcom Enhanced Services | 1999 | $690,000 | 2 | - |
| Newnet Communication Technologies | 1989 | $670,000 | 50 | - |
| GlobeNet | 1997 | $1.7M | 125 | 18 |
| Deutsche Telekom | 1995 | $81.7B | 226,291 | - |
| Convergent Communications | 2006 | $1.2M | 30 | - |
| Virgin Mobile USA | 2001 | $112.7M | 500 | - |
Leap Wireless history FAQs
Zippia gives an in-depth look into the details of Leap Wireless, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Leap Wireless. The employee data is based on information from people who have self-reported their past or current employments at Leap Wireless. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Leap Wireless. The data presented on this page does not represent the view of Leap Wireless and its employees or that of Zippia.
Leap Wireless may also be known as or be related to Leap Wireless, Leap Wireless International, Leap Wireless International Inc and Leap Wireless International Inc.