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COPYRIGHT 2005 Business Wire
SAN DIEGO -- Leap Wireless International, Inc. (NASDAQ: LEAP), a leading provider of innovative and value-driven wireless communications services, today announced key customer metrics for the third quarter of 2005. Leap also announced the Company's participation at the JPMorgan Small Cap 6.0 "Think Big, Buy Small" Conference to be held November 1-2, 2005 at the Four Seasons, Boston, Mass.
Gross customer additions during the quarter ended September 30, 2005 were approximately 234,000, an increase of more than 33,000 from the approximately 200,000 gross additions for the third quarter of 2004 and an increase of more than 42,000 from the approximately 191,000 gross customer additions for the second quarter of 2005. Customer churn for the third quarter of 2005 was 4.4 percent, compared to 4.5 percent from the third quarter of 2004 and 3.9 percent for the second quarter of 2005.
The Company gained more than 23,000 net new customers during the third quarter, an increase of nearly 31,000...
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