Company Profile For Leap Wireless International, Inc.

Leap Wireless International, Inc. (Leap) is a wireless communications carrier that offers digital wireless service in the United States under the Cricket brand. Cricket service is offered by Cricket, a wholly owned subsidiary of Leap, and is also offered in Oregon by LCW Wireless Operations, LLC (LCW Operations), and in the upper Midwest by Denali Spectrum Operations, LLC (Denali Operations). Cricket owns an indirect 73.3% non-controlling interest in LCW Operations through a 73.3% non-controlling interest in LCW Wireless, LLC (LCW Wireless), and owns an indirect 82.5% non-controlling interest in Denali Operations through an 82.5% non-controlling interest in Denali Spectrum, LLC (Denali). At December 31, 2008, Cricket service was offered in 30 states and had approximately 3.8 million customers. In April 2008, the Company completed the purchase of Hargray Communications Group’s wireless subsidiary, Hargray Wireless, LLC (Hargray Wireless).

BRIEF: For the nine months ended 30 September 2009, Leap Wireless International, Inc.'s revenues increased 24% to $1.78B. Net loss increased 88% to $177.6M. Revenues reflect higher service revenue due to increase in average total customers, new market launches and existing market customer growth. Higher loss reflects an increase in cost of services, higher cost of equipment and increased selling and marketing expenses.