AT&T Completes Purchase of Leap After Deal Wins U.S. Clearance
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AT&T Inc. completed its purchase of Leap Wireless International Inc. after winning final regulatory clearance of a $1.2 billion deal that adds customers and airwaves to the second-largest U.S. wireless carrier.
The Federal Communications Commission today announced its approval of the transaction for Leap, the sixth-largest U.S. wireless carrier. Antitrust regulators also have cleared the deal, said Gina Talamona, a Justice Department spokeswoman, and AT&T in an e-mailed statement said it closed the acquisition.