Leap Expects Net customer Additions of 300,000

Leap Wireless International, Inc. LEAP today announced that members of Leap management, including Doug Hutcheson, Leap's president and chief executive officer, and Walter Berger, Leap's executive vice president and chief financial officer, will discuss current trends and developments in the Company's business at meetings with financial analysts, institutional investors and others at the International CTIA Wireless conference to be held from March 22-24, 2011 in Orlando, Florida.

As part of the meetings, Leap management intends to provide updates regarding the Company's financial and operational performance, including the continuing positive effects of the business initiatives that the Company introduced in the second half of 2010.  For the first quarter 2011, the Company expects:

• Net customer additions to be approximately 300,000, reflecting increased customer activity in the quarter compared to the fourth quarter of 2010.
• Customer churn to be less than 3.5 percent.
• ARPU to continue to increase from third and fourth quarter 2010 ARPU of $37.13 and $38.14, respectively.
• Adjusted OIBDA to reflect strong customer activity, with second quarter 2011 adjusted OIBDA expected to reflect strong first quarter customer additions, further increases in ARPU and typical seasonal customer activity.