Leap deal pushes smaller telecoms to the front

Wall Street has begun to take a close look at other wireless companies in the wake of AT&T's $1.2 billion purchase of Leap Wireless with U.S. Cellular and NTELOS considered potential targets among investors who bid up shares in both companies Monday. Larger telecoms are trying to lock up additional wireless spectrum to support bandwidth-heavy data services in the years ahead. Also related to the deal, AT&T has won a $71 million protection in case Leap's board changes its mind without there being a higher, competing bid.

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