Key Developments For Leap Wireless International, Inc.
Leap Wireless International, Inc. (LEAP.O) (Nasdaq)
Leap Wireless International, Inc. Reaffirms FY 2009 OIBDA Guidance
Leap Wireless International, Inc. announced that adjusted OIBDA for fiscal 2009 is expected to be approximately $500 million.
Leap Wireless International, Inc. To Introduce New Nationwide Cricket Monthly Voice And Broadband Products
Leap Wireless International, Inc. announced the introduction of two new, all-inclusive nationwide Cricket monthly voice products. The new all-inclusive monthly $40 and $45 plans will be added to the Company's existing Cricket PAYGo`s product, which currently offers unlimited daily wireless service, all without a signed contract or credit check. In addition, Cricket Broadband will soon be available in nearly 1,000 national retailer stores through a new all-inclusive $50 monthly service plan.
Leap Wireless International, Inc.'s Unit Announces Availability Of MOTO VE465
Leap Wireless International, Inc.'s Cricket Communications, Inc. announced the availability of the MOTO VE465, a durable, yet stylish clamshell phone.
Leap Wireless International, Inc. Lowers FY 2009 OIBDA Guidance; Lowers Long Term OIBDA Guidance
Leap Wireless International, Inc. announced that for fiscal 2009, it expects adjusted OIBDA to be approximately $500 million. The Company previously estimated fiscal 2009 adjusted OIBDA to be between $560 and $640 million. The Company's revised projection reflects the Company's updated expectation regarding the number and timing of its net customer additions in 2009 and the financial impacts of actions the Company is taking to increase the number of customers using its Cricket services, offset in part by cost reduction initiatives the Company is pursuing. The Company expects adjusted OIBDA to grow at a compound annual growth rate of approximately 30% from fiscal 2007 through fiscal 2010, excluding any effects of pursuing other significant business opportunities. The Company previously estimated that adjusted OIBDA would grow at a compound annual growth rate of 35% or greater from fiscal 2007 through fiscal 2010. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $560 million for fiscal 2009.
Leap Wireless International, Inc.'s Subsidiary Cricket Communications, Inc Announces Full Touch-Screen Motorola Evoke QA4
Cricket Communications, Inc., a wholly owned subsidiary of Leap Wireless International, Inc. announced the availability of the Motorola Evoke QA4 to Cricket customers. The feature-packed 2.8 inch full touch-screen device keeps users constantly connected to friends and family via texting with both a full touch-screen keyboard and slide out traditional numeric keypad. Web info is displayed on the home screen, which can be customized using integrated widget and personalized RSS feeds. Evoke also features a full HTML browser all over Cricket`s 3G EVDO network.
