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Leap Wireless quarterly loss widens as it loses subscribers
August 1, 2013 / 8:17 PM / 4 years ago

Leap Wireless quarterly loss widens as it loses subscribers

(Reuters) - Leap Wireless LEAP.O, which agreed to be bought by AT&T Inc (T.N) last month, reported a bigger quarterly loss as it lost subscribers.

The company’s net loss attributable to common shareholders increased to $163.1 million, or $2.09 per share, in the second quarter, from $41.59 million, or 54 cents per share, a year ago.

Revenue fell to $731.5 million from $786.77 million.

The mobile network operator targets cost-conscious consumers who pay for calls in advance.

Reporting by Neha Alawadhi in Bangalore; Editing by Maju Samuel

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