US based Leap Wireless and MetroPCS Communications have entered into a national roaming agreement and an agreement to exchange wireless spectrum, and also have settled all outstanding litigation between them.The new nationwide roaming agreement, which has an initial term of 10 years, covers the companies’ existing and future markets, which the parties expect could ultimately encompass virtually all of the top 200 markets in the nation.
Additionally, the companies entered into a spectrum exchange agreement covering licenses in certain markets, with Leap acquiring an additional 10 MHz of spectrum in San Diego, Fresno, Seattle and certain other Washington and Oregon markets, and MetroPCS acquiring an additional 10 MHz of spectrum in Dallas-Ft. Worth, Shreveport-Bossier City, Lakeland-Winter Haven, Florida and certain other North Texas markets. Completion of the spectrum exchange is subject to customary closing conditions, including the consent of Federal Communications Commission (FCC).