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Companies also sign an agreement allowing Leap customers to roam on Verizon Wireless’ network.Bedminster”s Verizon Wireless Monday announced a definitive agreement to purchase from California”s Leap Wireless International (OTCBB: LEAP) certain spectrum licenses and network and operating assets for $102.5 million.The companies also signed an agreement allowing Leap customers to roam on Verizon Wireless” network. Financial terms of the roaming agreement weren”t disclosed. The acquisition increases Verizon Wireless” capacity in key existing markets and expands its network into new markets. The deal is subject to federal regulatory approval and is expected to close around the middle of 2005.Verizon Wireless is acquiring 23 spectrum licenses covering a population of eight million people in 20 markets in Michigan, Wisconsin, Arkansas, Mississippi, Alabama and upstate New York.Several of the licenses are in markets where Verizon Wireless already has licenses and will be used to expand capacity to meet growing demand for voice and data services. These markets include Birmingham and Tuscaloosa, Alabama; Little Rock, Arkansas; Jackson, Mississippi; Grand Rapids, Flint, Kalamazoo, Muskegon and Mt. Pleasant, Michigan; and Plattsburgh and Watertown, New York. The companies will also trade PCS licenses in Buffalo, New York to make more efficient use of the spectrum in that market.The spectrum licenses also include nine new markets for Verizon Wireless and expansion of four existing markets, adding 2.7 million people. These markets include: Battle Creek, Jackson, Traverse City, Adrian, and portions of Grand Rapids, Michigan; Eau Claire, Wisconsin; Vicksburg and portions of Jackson, Mississippi; Fort Smith, Fayetteville and Russellville, Arkansas; and portions of Birmingham and Tuscaloosa, Alabama.Under the agreement, Leap Wireless also will transfer its operations and approximately 25,000 customers in Battle Creek, Jackson, Kalamazoo and Flint, Michigan to Verizon Wireless.Verizon Wireless owns and operates a wireless network that serves 43.8 million voice and data customers. The company is a joint venture of New York City?s Verizon Communications (NYSE: VZ) and Britain?s Vodafone (NYSE and LSE: VOD).At the close of trading, Leap Wireless shares were up $1.52 to $27.97.