Leap revenues, subscriber base falls in Q2

Leap Wireless ended the second quarter with 18% fewer subscribers than a year ago as revenues declined by 7% ahead of the prepaid carrier's expected merger with AT&T, the company announced on Thursday. Leap, which has 4.8 million customers, did grow its average revenue per subscriber by 8% as most of its 283,066 gross additions bought smartphones. The carrier cited more a debt payment, more intense competition, a rise in phone prices and consumer demand for 4G services as the main factors in reporting a wider loss.

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