Leap Wireless to Host Analyst Day and Announce Second Quarter Results on August 3, 2010

Leap Wireless International, Inc. (NASDAQ: LEAP), a leading provider of innovative and value-driven wireless communications services, announced today that it will host an analyst day on the afternoon of Tuesday, August 3rd to discuss the Company’s product and service plan offerings, market opportunities and business strategy. The Company plans to announce its financial and subscriber results for the second quarter ended June 30, 2010 after market close as part of its analyst day. Other forward-looking and material information may also be discussed during the analyst presentations and discussion of the Company’s results.

Additional information regarding the analyst day, including the specific time and location of the event, will be made available approximately two weeks prior to the event and may be accessed by visiting http://investor.leapwireless.com. Space for the event is limited and therefore attendance in-person is available by invitation only. Analysts and investors interested in attending the event are encouraged to contact the Company.

Presentations at the analyst day and the discussion of the Company’s second quarter results will be transmitted by a live webcast, which may be accessed by visiting http://investor.leapwireless.com. The webcast replay will be available approximately one hour after the live webcast ends and will be accessible for approximately one year thereafter.

About Leap

Leap provides innovative, high-value wireless services to a fast-growing, young and ethnically diverse customer base. With the value of unlimited wireless services as the foundation of its business, Leap pioneered its Cricket® service. The Company and its joint ventures operate in 35 states and the District of Columbia and hold licenses in 35 of the top 50 U.S. markets. Through its affordable, flat-rate service plans, Cricket offers customers a choice of unlimited voice, text, high-speed data and mobile Web services. Headquartered in San Diego, Calif., Leap is traded on the NASDAQ Global Select Market under the ticker symbol “LEAP.” For more information, please visit www.leapwireless.com.