On Wednesday, Cricket Communications, Inc., a subsidiary of Leap Wireless, and Clearwire Corp announced that they have entered into a five-year wholesale agreement. With the agreement, Cricket will become the second operator to have signed onto Clearwire's forthcoming LTE Advanced-ready network, which will provide capacity off-load services to supplement Cricket's own LTE network. Financial terms of the agreement were not disclosed.
Cricket (San Diego, Calif., USA) currently plans to deploy LTE across approximately two-thirds of its current network footprint over the next two to three years and to cover up to approximately 25 million POPs with LTE network technology in 2012, says the company.
"The high-speed 4G LTE networks we are deploying will complement our robust 3G network and allow us to continue innovating value for our Cricket customers," said Doug Hutcheson, President and CEO of Leap Wireless. "We believe this agreement with Clearwire provides us with an attractive option to supplement our own LTE build-out strategy and gives us the flexibility to access additional 4G capacity where needed as data-centric devices continue to become more popular."
"This long-term partnership with Cricket is a key step forward in the development of Clearwire's wholesale LTE business model," said Erik Prusch, President and CEO of Clearwire (Kirkland, Wash., USA). "Not all LTE networks are created equally. We have always believed that our unmatched spectrum portfolio offers a compelling resource that can and will enable wireless operators to thrive in the 4G marketplace of the future."