Leap and Denali Announce Successful Participation in FCC's Auction #66; Disciplined Bidding Strategy to Increase Consolidated Spectrum Holdings to 182 Million POPs.

Business Wire | September 20, 2006 | Copyright

SAN DIEGO & FAIRBANKS, Alaska -- Leap Wireless International, Inc. (NASDAQ:LEAP), a leading provider of innovative and value-driven wireless communications services, and Denali Spectrum, LLC (Denali) today announced their successful participation in the Federal Communications Commission's just-concluded auction of Advanced Wireless Services licenses (AWS-1 Auction No. 66). Leap and Denali were the high bidders on 100 licenses at an aggregate cost of $984 million, or $0.45 per MHz POP, the lowest per MHz POP cost among the six largest bidders.

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