Tuesday, May 8, 2007

UPDATE 1-Leap Wireless swings to Q1 loss

(Reuters) - The company said it added about 318,000 net new customers in the first quarter, and that it had customer churn -- a measure of cancellations -- of 3.4 percent in the quarter, up slightly from 3.3 percent a year earlier.

"Our first quarter net customer additions were achieved from both new markets launched in 2006 and our existing markets, which added approximately 102,000 net customers, a 24 percent increase," Leap Chief Executive Doug Hutcheson said.


Read more at Reuters.com Market News

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