Leap Wireless was founded when it was spun-off from Qualcomm in 1999.
The company was founded to provide no-contract, flexible payment plans. To this end the company founded Cricket Communications, which primarily targets the youth market.
By 2007, Leap reported an operating profit of $102 million and $3.09 billion in service revenue.
In 2010 Leap entered into an agreement with Sprint Nextel which allowed Leap to offer its products and services through Sprint’s 3G network.
In 2013 Leap announced plans to merge with AT&T. In 2014 the merger was approved by the Federal Communications Commission.
Today Leap Wireless, through its subsidiary Cricket Communications, provides wireless voice and data services to 5.3 million customers in 48 states and the District of Columbia.