Leap's Cricket customers triple to more than 190,000 during Q4
"We exceeded our year-end 2000 goals and analyst forecasts by more than tripling our customer base during the fourth quarter," said Harvey P. White, Leap's chairman and CEO. "These results are consistent with our belief that consumers in both current and future Cricket markets want and will adopt a wireless service that is simple, affordable and worry-free. We believe our performance validates the strong demand for Cricket service among consumers in our markets across the United States, many of whom are completely new to wireless."
During the fourth quarter, Leap also met its previously announced plans to launch its innovative Cricket Comfortable Wireless service in eight new markets across the country. Leap continues to move forward with its plans to offer Cricket service in a total of 35 markets by the end of 2001.
"We are pleased with the popularity of our Cricket service, especially in light of the extremely adverse weather conditions we overcame in a number of markets to launch on time," said Susan G. Swenson, Leap's president and chief operating officer. "Demand for Cricket service has been strong in each of our markets across the country. We remain comfortable with the guidance we previously announced at the end of the third quarter concerning our expectations for the operational and financial performance of Cricket markets, and we continue to expect to reach approximately one million subscribers by the end of 2001."
Leap plans to announce operational and financial results for its fourth quarter and fiscal year on Feb. 14, 2001. Details regarding Leap's year-end conference call will be announced separately.
Source: Leap Wireless International
With contributions by Ellen Jensen, Managing Editor