Leap Wireless (LEAP) Gained 435K Customers in Q4
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Leap Wireless International, Inc. (NASDAQ: LEAP) gained approximately 435,000 customers during the fourth quarter of 2010, including approximately 115,000 net customer additions and approximately 320,000 former customers of Pocket Communications in connection with the joint venture entered into in October.
The Company’s net customer additions for the fourth quarter were comprised of approximately 162,000 voice net customer additions and a net loss of approximately 48,000 broadband customers, bringing total net customer additions for 2010 to approximately 249,000. Leap ended the year with approximately 5.53 million customers. In addition, customer churn for the fourth quarter of 2010 was approximately 4.0%.
The Company’s net customer additions for the fourth quarter were comprised of approximately 162,000 voice net customer additions and a net loss of approximately 48,000 broadband customers, bringing total net customer additions for 2010 to approximately 249,000. Leap ended the year with approximately 5.53 million customers. In addition, customer churn for the fourth quarter of 2010 was approximately 4.0%.
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