Leap Wireless International Inc. announced the appointment of Julie Dexter Berg as chief marketing officer, effective May 13, 2013. In her role, Ms. Berg will have responsibility for the company's marketing activities, including brand strategy, consumer messaging, product and device strategy and management, merchandising and advertising. Berg comes to Leap from Brandmaking LLC, that she founded and where she served as managing partner.

Leap Wireless International Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported total revenues of $789.9 million against $825.6 million a year ago. Operating loss was $29.4 million against $15.8 million a year ago. Loss before income taxes was $95.2 million against $82.6 million a year ago. Net loss attributable to common stockholders was $111.3 million or $1.43 per diluted share against $98.439 million or $1.28 per diluted share a year ago. Net cash provided by operating activities was $25.6 million against $35.4 million a year ago. OIBDA was $123.2 million against $130.7 million for the same period a year ago. Adjusted OIBDA was $121.1 million against $130.5 million for the same period a year ago. Total revenues for the first quarter decrease 4.3% over the comparable period of the prior year, primarily due to a lower average number of subscribers, partially offset by sales of higher-priced devices. The decrease in Adjusted OIBDA was primarily driven by lower revenues due to net customer losses, partially offset by lower operating expenses, including lower device subsidy. The year-over-year increase in operating loss was primarily driven by lower revenues due to net customer losses. The year-over-year increase in net loss attributable to common stockholders was primarily driven by lower revenues due to net customer losses. Capital expenditures were $26.4 million, compared to $146.3 million for the prior year quarter. For the year 2013, the company expects total capital expenditures to be between $250 million and $300 million, including up to $100 million which may be spent to deploy next-generation LTE network technology. Through 2013, the company expects to introduce up to 5 new 4G LTE-capable Smartphones, including the upcoming Galaxy S 4 later this quarter. The company expects to launch up to 5 additional LTE devices in 2013.

Leap Wireless International Inc., Q1 2013 Earnings Call, Apr 30, 2013