Cricket parent Leap Wireless International Inc. has arranged a spectrum swap with T-Mobile USA; Cook Inlet/VS GSM VII PCS LLC, a joint venture between T-Mobile and Cook Inlet in which T-Mobile has a non-controlling majority interest; and Leap’s non-controlled, majority-owned venture Savary Island Wireless LLC in various markets.
The deal would give Leap 10 megahertz of additional Advanced Wireless Service (AWS) spectrum in Phoenix and in Houston, Galveston and Bryan-College Station (Texas) to augment spectrum Leap currently operates in those markets.
Financial details were not disclosed.
Leap and Savary Island will assign T-Mobile and Cook Inlet spectrum in Alabama, Illinois, Missouri, Minnesota and Wisconsin. The transactions also include intra-market exchanges between Leap, T-Mobile and Cook Inlet in Philadelphia, Wilmington, Atlantic City and in various markets in Texas and New Mexico; and between Leap and Cook Inlet in certain markets in Texas.
"These transactions will enhance our spectrum depth in these markets and provide us longer term flexibility to offer a larger Long Term Evolution (LTE) channel. As we have previously announced, we plan to cover approximately two-thirds of our current network footprint with LTE technology over the next two to three years," notes Doug Hutcheson, Leap’s president and CEO. "In addition, the transactions will allow us to re-align spectrum in key markets into contiguous channels, thereby optimizing our delivery of wireless services."