Leap Wireless revenue in quarter ended Dec. 31 soared to $103.9 m...
Leap Wireless revenue in quarter ended Dec. 31 soared to $103.9 million from $14.2 million in same period year ago and loss was reduced to $79.6 million loss from $103.5 million loss. For year, carrier said it had $255.2…
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million revenue, up from $50.3 million. It ended fiscal year with 1.2 million customers, up from 724,000 Sept. 30. It said it met its forecast of adding 1.1 million customers in year and that net customer additions of 394,000 in quarter were record for carrier. “We expect to nearly double our customer base in 2002 and end the year with at least 2 million Cricket customers,” Leap Chmn. Harvey White said. Leap said Nextwave re-auction had been “substantially delayed and there is no clear path to completing the transfer of those licenses to Leap.” Leap won 22 PCS licenses in NextWave re-auction that was overturned by U.S. Appeals Court, D.C., when it reversed FCC decision to cancel NextWave licenses. Leap said it planned to use funds earmarked to pay for licenses to finance its build-out plan for 40 markets.