Location: Leap Wireless | Cricket Communications, 5887 Copley Drive, San Diego, CA, 92111, United States
Cellular provider Leap Wireless has hired advisers and formed a special board committee to look into selling the company or merging with rivals. Leap, which sells its service under the Cricket brand and has about 4.7 million customers, has hired Goldman Sachs Group to advise the company as it "reassesses its alternatives." While some bankers consider rival MetroPCS Communications Inc. as the most likely partner for Leap, the company's advisers have in recent weeks been feeling out larger wireless carriers such as AT&T Inc. and Verizon Wireless to see if they would be interested in acquiring Leap which provides prepaid service aimed at the lower end of the market. Larger carriers have been entering the same market.
