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AT&T's Purchase of Cricket-Leap Wireless Wins Hundreds of Millions in Tax Writeoffs ·
Analysts were surprised at the premium price AT&T agreed to pay when it announced last month it was acquiring Leap Wireless — owner of the Cricket brand prepaid cell phone service — for $1.2 billion plus assuming $2.8 billion in net debt. But newly released documents show AT&T will win significant tax concessions allowing it …