Leap (U.S.) completes Verizon spectrum deal

Leap Wireless has completed a deal to sell "excess PCS and AWS spectrum" to Verizon Wireless, and to acquire 700 MHz frequencies in Chicago from Verizon. Leap said that the transactions generated net cash proceeds of US$120 million, which it will use to support its ongoing LTE rollaout. \\mobilebusinessbriefing.com