Leap Wireless To Sell Prepaid iPhone Next Month

NEW YORK –  Leap Wireless International Inc. (LEAP) will start selling Apple Inc.’s (AAPL) iPhone next month, making it the first carrier to offer the popular device in the U.S. without forcing customers to agree to a multiyear contract.

The arrangement increases the reach of the popular device for Apple, while adding a marquee product to Leap’s Cricket service, which has been seeing customer growth slow. In order to carry the phone, Leap struck a three-year deal with Apple under which it agreed to spend $900 million in volume purchases.

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