AT&T initially proposed to acquire Leap Wireless, which is also the parent company of Cricket Wireless, back in July. However, this deal could have a negative impact on the recently launched Aio Wireless service from AT&T. It is being said that if the merger between Leap Wireless and AT&T goes through as planned, Cricket Wireless could actually absorb Aio Wireless. So this means a very short lived run for Aio Wireless which recently became available all over the U.S.
The deal is claimed to be worth over $1.2 billion and will go through only after stock holders of Leap Wireless vote for it on the 24th of October. Cricket Wireless will probably gain more traction after deal as it will formally come under AT&T’s wing. The deal could be finalized by the end of the year, so Aio Wireless might still have a couple of months left. A recent FCC filing by AT&T says it all – “Aio still faces significant challenges to establish nationwide retail distribution, build brand recognition, and develop a significant customer base“.
Source: Fierce Wireless
Via: Phone Arena