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Leap Wireless' Cricket PrePaid Service To Sell Apple iPhone Next Month

DOW JONES NEWSWIRES Leap Wireless International Inc.'s (LEAP) Cricket prepaid phone service will start selling Apple Inc.'s (AAPL) iPhone next month, making it the first pre-paid carrier to offer the device in the U.S. Shares jumped 5.8% to $5.77 in premarket trade following the disclosure. The company said it will offer the iPhone 4S and iPhone 4 with its $55 per month wireless plan. The iPhone 4S will cost customers $499.99 for the 16-gigabyte model. The iPhone 4 will be $399.99. Those prices are markedly higher than offered by other larger carriers that require customers to sign monthly contracts. AT&T Inc. (T), by comparison, is selling the iPhone 4 for $99.99, according to information provided on its website. Verizon Wireless--a venture between Verizon Communications Inc. (VZ) and Vodafone Group PLC (VOD)--was first to break AT&T's iPhone exclusivity last year, followed by Sprint Nextel Corp. (S) in October. -By Mia Lamar, Dow Jones Newswires; 212-416-3207; mia.lamar@dowjones.com

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