Leap WirelessCompletes Exchange Offer

By Aleksandrs Rozens

June 30, 2008

Leap Wireless International, awirelessservices provider, said its Cricket Communicationssubsidiary exchanged its outstanding unregistered 9.375% unsecured senior notes due 2014, which were originally issued on June 6, 2007 in a private placementfora new issue of 9.375% unsecured senior notes due 2014.

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