Leap Wireless International Inc. plans to spin off its Muve Music service into a separate company, as the carrier attempts to turn around its struggling core business of providing pay-as-you-go wireless service.
Leap, which offers service under the Cricket brand, launched the on-demand music service in January 2011. By creating a new company, Leap hopes to license the service to other carriers and has an agreement in principle with an unnamed international wireless carrier, spokesman Greg Lund said.
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