Leap Schedules Fourth Quarter 2008 Earnings Release and Conference Call for February 26, 2009

Leap Wireless International, Inc. (NASDAQ:LEAP), a leading provider of innovative and value-driven wireless communications services, today announced that it plans to release financial results for the fourth quarter and fiscal year ended December 31, 2008, after the close of regular trading hours on Thursday, February 26, 2009. Following the release, Leap management will host a conference call with live webcast to discuss these results. Other forward-looking and material information may also be discussed during this call.

Conference call details:

• Thursday, February 26, 2009 at 5:00 p.m. EST/2:00 p.m. PST
• Dial in number: 1-800-884-5695
• International dial in number: 1-617-786-2960
• Participant Passcode: 92575653

If listening via telephone, the accompanying presentation slides may be accessed by visiting, http://investor.leapwireless.com. Listeners should navigate to the webcast and choose the 'Live Phone' option to view the slides in conjunction with the live conference call. Individuals dialing into the live call are encouraged to call in 15 minutes prior to the start time in order to register and be placed into the call.

To listen live via webcast and view accompanying presentation slides visit, http://investor.leapwireless.com. Please choose the 'webcast' option to view the slides in conjunction with the webcast.

An online replay and downloadable MP3 of the event will be available on the Company's website shortly after the live call and will be accessible for a limited period of time. A telephonic replay will be available two hours after the call's completion and can be accessed by dialing 1-888-286-8010 (domestic) or 1-617-801-6888 (international) and entering passcode number 72587596.

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 now operate in 30 states 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, 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.