- Language: English
- Published: October 2012
- Region: Global
Summary: Leap Wireless International Inc.
- ID: 1770938
- Region: Global
- Standard & Poors
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on San Diego-based wireless carrier Leap Wireless International Inc. reflect a business risk profile assessment of weak, given the company's nontraditional flat-rate mobility, unlimited local usage wireless business model, and fairly limited operating history. Although Leap has demonstrated success in attracting subscribers to its less expensive wireless service, national players may begin to more aggressively target the company's subscriber base with their own tailored pricing plans as the wireless industry matures. Moreover, in the second and third quarters of 2010, the company actually experienced material net reductions in subscribers for the first time, although it did experience net customer additions in the fourth quarter of 2010. The ratings also reflect a highly leveraged financial profile, including Standard &...
Companies mentioned in this report are: Leap Wireless International Inc.,Cricket Communications Inc.
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Leap Wireless International Inc.,Cricket Communications Inc.