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Q2 revenues down for Leap Wireless

San Diego USA-based Leap Wireless International Inc (NASDAQ: LEAP) said that its total revenues for Q2 ´13 decreased 7% to USD 731.5m and service revenues decreased 10% to USD 678.5m compared to the prior year quarter.

The company reported USD 148.8m of adjusted operating income before depreciation and amortization (OIBDA) for Q3 ´13, compared to USD 190.8m for the prior year quarter.

Q2 ´13 operating loss was USD 7.6m, compared to operating income of USD 31.6m for the second quarter of 2012, the firm said.

The company reported approximately 240,000 core wireless gross customer additions for Q2 ´13 and approximately 255,000 core wireless net customer losses. Core wireless churn for Q2 ´13 was 3.6%.

Leap reported a total of approximately 283,000 gross customer additions and a total of approximately 364,000 net customer losses for Q2 ´13. Total churn for Q2 ´13 was 4.3 % .

On July 12, 2013, the company entered into a merger agreement with AT&T, Inc. (NYSE: T) for AT&T to acquire the company for USD 15in cash per share, plus one non-transferable contingent value right per share, subject to customary closing conditions, including stockholder and regulatory approvals.

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