iPhone 5s & iPhone 5c Now Available On Boost Mobile

As expected, the iPhone 5s and the iPhone 5c are now available on Boost Mobile — alongside the iPhone 4S. The former starts at $550 for a 16GB model, while the iPhone 5c is $100 less at $450. The iPhone…Read more ›

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U.S. Cellular Gets The iPhone 5s & 5c On November 8th

U.S. Cellular, one of the last carriers in the country to get the iPhone 5s and 5c, has announced that it will start offering Apple’s latest handsets on November 8th. After Verizon, AT&T, Sprint, and T-Mobile, U.S. Cellular is the…Read more ›

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Cricket Wireless To Get iPhone 5s, iPhone 5c Starting Oct 25

Leap Wireless announced Monday that it would begin selling Apple’s latest iPhones, the 5c and the 5s, via its Cricket prepaid wireless brand beginning October 25, 2013. Customers can pre-register their interest in getting one of these iPhones at the Cricket website starting today, or just wait until the 25th. No word, yet, on pricing […]

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Tennessee Lawyer Sues Apple For Getting Addicted To Porn On His MacBook

In what is perhaps the most bizarre lawsuit ever filed against Apple, Tennessee lawyer Chris Sevier is seeking damages for watching “women engaging in sexual acts with the intent to cause vicarious arousal” on his Apple devices. Contained within his 50-page complaint, Sevier’s proposal is that Apple ship its devices in a “safe mode” that customers would […]

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The post ReadKit 2.2 For Mac Released With Support For Feedly appeared first on Cult of Mac.

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AT&T to Acquire Prepaid Carrier Leap Wireless/Cricket for $15/Share [iOS Blog]

AT&T has agreed to acquire Leap Wireless, the parent company of prepaid U.S. wireless carrier Cricket, for $15/share – roughly $1.2 billion in cash, plus the $2.8 billion in net debt that the company holds.

The company has 5 million subscribers, and AT&T will keep the Cricket brand and retail stores operating. Last year, Leap engaged in a three-year agreement with Apple to sell iPhones.

AT&T Inc. and prepaid wireless provider Leap Wireless International Inc. have entered into an agreement for AT&T to acquire Leap for $15 per share in cash. Under the terms of the agreement, AT&T will acquire all of Leap’s stock and wireless properties, including licenses, network assets, retail stores and approximately 5 million subscribers. As of April 15, 2013, Leap had $2.8 billion of net debt. Leap shareholders will also receive a contingent right entitling them to the net proceeds received on the sale of Leap’s 700 Mhz “A Block” spectrum in Chicago, which Leap purchased for $204 million in August 2012.

Leap’s network covers approximately 96 million people in 35 U.S. states. Leap currently operates – under the Cricket brand – a 3G CDMA network, as well as a 4G LTE network covering 21 million people in these areas, and has 3,400 employees.

The transaction is expected to be closed within six to nine months.


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