Wednesday, March 7, 2012

Sprint to end deal with LightSquared, report claims

Sprint to end deal with LightSquared, report claims

. Sprint is reportedly planning to walk away from its planned network-sharing deal with LightSquared as early as next week, Bloomberg reported on Wednesday. Sprint and LightSquared in June agreed to an 11-year deal that would share network expansion costs and equipment if LightSquared could secure regulatory approval for its 4G LTE network build-out. The carrier first gave LightSquared until the end of 2011 to receive FCC approval, and then extended the deadline to March 15th. The FCC blocked LightSquared's LTE network in February, however, due to concerns that it was interfering with GPS systems.

Boy Genius Report, Sprint to end deal with LightSquared, report claims

No comments:

Post a Comment