Leap Reports Results for Fourth Quarter and Full-Year 2009
* Adjusted OIBDA Increases 43 Percent Over Prior Year Quarter
* Adds Record 1.1 Million Net New Customers in 2009
* Note: A webcast of Leap’s conference call and accompanying presentation slides will be available at 5:00 p.m. EST today at http://investor.leapwireless.com.
SAN DIEGO, Feb 25, 2010 — Leap Wireless International, Inc. (NASDAQ: LEAP), a leading provider of innovative and value-driven wireless communications services, today reported financial and operational results for the fourth quarter and year ended December 31, 2009. Service revenues for the fourth quarter increased 19.3 percent over the prior year quarter to $547.0 million. The Company reported adjusted operating income before depreciation and amortization (OIBDA) of $129.5 million for the fourth quarter, up $38.6 million over the comparable period of the prior year, and fourth quarter 2009 operating income of $4.5 million, compared to $3.8 million for the fourth quarter of 2008. Adjusted OIBDA for more







