About Leap

Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered both the Cricket® and Jump® Mobile services. The Company and its joint ventures now operate in 29 states and hold licenses in 35 of the top 50 U.S. markets. Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, data and mobile Web services. Jump Mobile is a unique prepaid wireless service designed for the mobile-dependent, urban youth market. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol “LEAP.”

Company History

Leap Wireless, Inc. began as a spin-off of QUALCOMM. The company was incorporated in June 1998, and in September of the same year began trading on NASDAQ under the trading symbol LWIN. Leap launched its Cricket wireless service in March of 1999 in Chattanooga, Tennessee. The company grew steadily for several years, launching service in primarily smaller, rural markets. Leap filed for Chapter 11 protection on April 13, 2003. The company was restructured and emerged from bankruptcy on August 16, 2004.

Since then the company has strategically grown, celebrating milestones like the launch of a new pre-paid wireless brand, Jump® Mobile, reaching 3 million subscribers in February of 2008, successfully building 14 new markets obtained through the FCC Auction 58, and winning over 100 new licenses in FCC Auction 66 in 2006. The company now owns licenses for 35 of the top 50 markets, including Chicago, Milwaukee, Minneapolis, Philadelphia, Washington D.C, and Seattle. The company is optimizing and executing its business, preparing to double the size of the business over the next two years through the launch of new markets, enhancing current markets and introducing new products and services.