Ribbit LEAP Limited 8-K This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act

iPhone Announcement

May 31, 2012

Exhibit 99.1

Forward Looking Statements

2

This presentation contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act

of 1995. Such statements reflect management’s current expectations based on currently available operating, financial and

competitive information, but are subject to risks, uncertainties and assumptions that could cause actual results to differ

materially from those anticipated in or implied by the forward-looking statements. Our forward-looking statements include

discussions about our plans to sell the iPhone device, including projected customer acceptance of the device, churn

performance, customer usage and network impacts; expected impacts to the Company’s financial and operating

performance; and other forecasts and projections, and are generally identified with words such as “believe,” “expect,”

“intend,” “plan,” “will,” “could,” “may” and similar expressions. Risks, uncertainties and assumptions that could affect our

forward-looking statements include, among other things, our ability to attract and retain customers in an extremely

competitive marketplace; our ability to satisfy the minimum purchase commitment for the iPhone; future customer usage

of our wireless services, which could exceed our expectations; our ability to manage or increase network capacity to meet

increasing consumer demands; and other factors detailed in the section entitled “Risk Factors” included in our periodic

reports filed with the SEC, including our Quarterly Report on Form 10-Q for the quarter ended March 31, 2012, filed with

the SEC on April 27, 2012.  All forward-looking statements included in this presentation should be considered in the

context of these risks.

All forward-looking statements speak only as of May 31, 2012, and we undertake no obligation to publicly update or

revise any forward-looking statements, whether as a result of new information, future events or otherwise. Investors and

prospective investors are cautioned not to place undue reliance on our forward-looking statements.

First Prepaid Carrier in U.S. to Offer iPhone

3

“The combination of

Apple’s iconic device

and Cricket’s industry-

leading $55 service

plan significantly

enhances our

competitive position.”

•

Combination of iPhone and attractive service plan pricing creates strong

competitive offering

–

Unlimited talk, text and 3G data for just $55 per month

•

Builds

on

our

successful

smartphone

strategy

designed

to

capture

profitable

growth

•

Demonstrates strength of our network, distribution and market position

•

Initially available over nearly 60M CPOPs

–

Presales begin June 15

–

Commercial sales begin June 22

•

No-contract

offering

and

$55

service

plan

expected

to

be

attractive

to

customers

–

iPhone 4 available for $399

–

iPhone 4S available for $499

–

Cricket customers have demonstrated willingness to pay for the right device

•

Not expected to have significant impact to OIBDA in 2012

–

Moderate subsidy per device

–

No change to current 2012 CapEx guidance

–

Product expected to positively affect business

Significantly Lower Cost of Owning an iPhone with Cricket

Device Cost

Average Monthly

Payment*

Total Cost Over

One Year

Total Cost Over

Two Years

$399

$55

$1,059

$1,719

$99

$110

(1)

$1,455

$2,775

Offer Provides Compelling Differentiation

4

AVERAGE

POSTPAID

CARRIER

*Unlimited talk, text and 3G web; excludes applicable sales taxes

Value seeking customers can save over $1,000 over two years 

1)

Source: AT&T, Sprint and Verizon company websites

Extends Smartphone Strategy to

Capture Growth and Attract Value Seekers

•

Half of Cricket’s customer base currently on 3G

smart devices

–

Up from zero two years ago

–

Financial metrics reflect benefits of this strategy

•

Strong market demand for iPhones

•

iPhone currently represents ~30% of postpaid

smartphone operating systems*

–

Opportunity to capture prepaid iPhone market

share

•

Expect benefit to front door traffic, including

sales of other smart devices

–

According to third party data, iPhone positively

impacts customers’

view of carrier brand

5

Market Share of

U.S. Smartphone

Operating Systems*

*Source: comScore MobiLens Dec 2011 

Enhances ability to attract and retain value-seeking customers

Other Key Considerations

6

•

Minimum purchase commitment expected to represent less than 10% of projected

handset sales

–

Three-year commitment, currently estimated to be ~$900M

–

iPhone will initially be available over nearly 60M CPOPs reaching >70% of Cricket subscribers

•

Anticipate lower churn for iPhone customers

–

Carriers report lower churn for iPhone customers

–

iPhone availability also expected to increase retention of current customers

-

Expect to revise upgrade fee with service plan refresh later this year

–

Device locked on Cricket network

•

iPhone network usage expected to be near current smartphone usage

–

Technical planning to support rollout has been completed

–

No significant changes anticipated to current network utilization

Product launch does not impact outlook discussed on Leap’s 1Q12 earnings call

iPhone Fits Well with Growth Initiatives

7

•

Important step in ongoing strategies to profitably improve

competitive position

–

Product and service plan expected to attract value seeking

consumers

–

iPhone customer loyalty anticipated to drive lower churn

–

Enhances Company’s brand

–

Improves

customer

experience

–

iPhone

has

highest

customer

loyalty in industry

•

No significant impact expected on short-term financial

performance, with anticipated long-term benefits

–

No material impact expected to OIBDA in 2012

–

No changes to current 2012 CapEx guidance

“Launching iPhone is

a major milestone for

us and we are proud

to offer iPhone

customers attractive

nationwide coverage,

a robust 3G data

network and a value

packed, no-contract

plan."

Question & Answer Period

8