SAN DIEGO-Leap Wireless International Inc. received approximately $22.2 million in cash from the sale of its equity interests in Mexican operator Pegaso Telecommunications to Spanish carrier Telefonica. Leap said it expects to receive approximately $15.8 million next quarter in repayment of convertible notes issued to Pegaso.
Subscribe now to get the daily newsletter from RCR Wireless News
Leap also noted it intends to keep all the money rather than setting aside $25.8 million or contributing it to subsidiaries as previously agreed in connection with its vendor credit agreements.
