Leap reports flat customer adds, jump in revenue
Leap Wireless International today reported net customer additions of approximately 45,000 in the third quarter. In total, the company ended the quarter with 1.497 million Cricket customers. However, total revenues increased $4.1 million compared to the previous quarter, up to $155.2 million. That also represents an increase of $88.5 million over the comparable quarter in 2001. Adjusted EBITDA loss was $26.7 million, $58.6 million less than the EBITDA loss reported for the third quarter of 2001 and $5.3 million less than the EBITDA loss of $32.0 million reported for the second quarter of 2002.--Vince Vittore, executive news editor
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© 2012 Penton Media Inc.
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