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Leap Shutters Some Stores, Reduces Headcount

Mar 9, 2010, 2:32 PM by Eric M. Zeman

Leap Wireless recently indicated that it has permanently closed 27 — about 10% — of its 269 Cricket Wireless stores. It has also laid off 180 people, trimming its staff level down to 4,200 employees around the country. The company said that the store closings and staff reduction are part of normal retail operations, though the company reported a $64 million loss in its most recent financial quarter. Leap recently announced a new joint venture with Pocket Communications to expand its presence in Texas, and Leap is believed to be seeking another company to partner with on a much larger level, or buy it out altogether.

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Comments

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This forum is closed.

flip mode

Mar 10, 2010, 11:15 PM

METRO PCS

It just makes sense...that sucks leap is hurting.

landmarkcm

Mar 9, 2010, 10:53 PM

Sprint should just gobble them up

Sprint should help themselves get stronger and gobble them up Im loving Sprint right now best contract player in my opinion best plans got hooked up didnt know what I was missing out on with all the Android fun.

grooves12

Why would that be a good business decision for Sprint?? Sprint already has all the spectrum and coverage they need in the areas that Leap covers, and their pre-pay customer base isn't worth a whole lot as they are a small number and a low-value base t...
(continues)

...

grooves12

Mar 10, 2010, 12:37 PM

Ony a matter of time before MetroPCS buys them...

And, why did they reject MetroPCS's merger offer?? They are now gonna go back to them groveling, and Metro will end up owning them anyways for a much lower cost.

The Cellular Jesus

Mar 9, 2010, 9:05 PM

I predict that Leap will be out of business in a year.

Either they will shutter their doors, or be bought out, but either way, they aren't going to be around much longer.

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