Leap Wireless International, a provider of wireless communications services, announced that its subsidiary, Cricket Communications completed the acquisition of all of the remaining third party membership interests in its joint venture LCW Wireless (LCW) for $3.2 million in cash.
LCW was formed as a joint venture between Cricket, CSM Wireless and WLPCS Management (WLPCS) in July 2006, in which Cricket held a majority non-controlling stake. In March 2010, Cricket purchased CSM’s 24 percent membership interest in LCW for $21 million. The Federal Communications Commission (FCC) granted its approval of the transfer of control of LCW from WLPCS to Cricket in July 2010.
LCW, through its subsidiaries, provides Cricket service, and holds FCC licenses
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