Looks like AT&T is still on the hunt for more spectrum. With their extensive line of bandwidth hungry phones they need it more now than ever. According to Reuters, Leap Mobile hired bankers to advise on a potential deal. They were unsuccessful in learning if these deals were still ongoing or not.
Hit the break for more….
Leap Wireless has a market value of roughly $400 million and $3.2 billion of long-term debt. Representatives for AT&T (Dallas, Texas, USA) and Leap Wireless declined to comment.
AT&T has said that it urgently needs access to additional wireless spectrum and will explore every possible way to achieve that. Last year, the company struck a deal to buy T-Mobile USA for $39 billion, but U.S. regulators blocked the attempt by the second and fourth largest U.S. wireless carriers to merge. Just like a T-Mo and Metro deal, Leap and Big Blue use incompatible GSM and CDMA technology so it would be very hard to incorporate the two of them. I guess we will just have to see what happens over time.