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Following the announcement that LEAP Wireless (LEAP) will offer the iPhone, Canaccord Genuity telecom analyst Greg Miller said:
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“We believe it is virtually impossible to suggest the risk/reward favors the stock with this agreement with Apple, of which few details are known.”
He added, “Although non-iPhone carriers had all been producing lackluster subscriber gains (losses in most cases) while AT&T and Verizon have shared exclusivity in the US, we don’t believe it is clear that the mere introduction onto the Leap platform will be enough to correct what plagues Leap.”
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