Leap Wireless, which owns pay-as-you-go Cricket Communications, is one of the fastest growing tech firms in San Diego. Leap plans to move their devices and services upscale with bets like Android while focusing on their young, value-oriented market segment in U.S. urban areas.
Wall Street may be bearish about this additional debt, but I think market conditions are perfect for Cricket to be more aggressive in growing their customer base.
http://www.xconomy.com/san-diego/2009/05/28/leap-wireless-out-to-raise-over-13b-to-expand-retire-debt/
Posted by: biotechbeachbum | May 28, 2009
Leap Wireless Out to Raise over $1.3B to Expand, Retire Debt | Xconomy
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