Business Services Industry
San Diego-Based Leap Wireless Files for Chapter 11 Bankruptcy Protection.
Knight Ridder/Tribune Business News, April, 2003
By Jennifer Davies, The San Diego Union-Tribune Knight Ridder/Tribune Business News
Apr. 15--Leap Wireless, the San Diego cell-phone carrier, joined the brethren of embattled telecom companies that have entered bankruptcy proceedings.
The once high-flying wireless company filed for Chapter 11 protection late Sunday hoping to escape from its crushing debt of close to $2.5 billion. The company, which offers unlimited local cell phone service in 40 markets under the Cricket brand, listed assets of $2.2 billion.
Leap executives said their goal is for the company to shed its debt and emerge quickly from bankruptcy with a healthy balance sheet, allowing the company to better build its business.
"No one likes to be where we are,"...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- LIFO vs. FIFO: a return to the basics
