SAN DIEGO—Leap Wireless International Inc. completed its previously announced sale of 15 MHz of spectrum in Salt Lake City and Provo, Utah to Cingular Wireless L.L.C. for $140 million in cash.
In a similar deal, Leap announced it signed a definitive agreement to sell 10 MHz of its wireless operating licenses in Nogales, Ariz. to Cook Inlet/VS GSM IV PCS L.L.C. for an undisclosed amount. Leap will retain 20 MHz of its spectrum in Nogales, which the carrier said it believes is sufficient to launch new services.
Leap also completed a previously announced acquisition of a wireless operating license in Owensboro, Ky., from Banana Communications L.L.C. covering 165,000 potential customers. Financial details of the transaction were not released.
