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Late on Friday, AT&T announced plans to buy competing wireless carrier Leap Wireless. AT&T is one of the two largest wireless carriers in the country, while Leap Wireless is the fifth largest wireless carrier. AT&T's Aio brand and Leap's Cricket brand compete in the prepaid wireless market.
AT&T's press release can be found here.
The following statement can be attributed to Harold Feld, Senior Vice President of Public Knowledge: