Leap Wireless seeks merger or buyers (USA)

www.WirelessFederation.com/news: USA based Leap Wireless has hired advisers and formed a special board committee to take a decision on the future of the company which might be a merger or a sale out.

Earlier, it was reported that MetroPCS and Leap could seek a merger to be better placed to compete with the big-four networks.

However, an all-stock offer from MetroPCS, which valued the company at US$5.5 billion, was rejected by Leap Wireless in late 2007. Since then the company valuation is estimated to have plunged by around three quarters.