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Sprint to Walk Away from LightSquared Deal

Article Comments  22  

Mar 7, 2012, 9:32 AM   by Eric M. Zeman   @phonescooper

Sprint is prepared to cancel its planned network-sharing deal with LightSquared as early as next week, reports Bloomberg. According to unnamed sources familiar with Sprint's plans, Sprint won't extend the deadline it gave LightSquared to score FCC approval for its planned nationwide LTE 4G network. Sprint had originally given LightSquared until the end of 2011 to win FCC approval, then extended that deadline to the end of January 2012, and eventually to March 15. The FCC decided in February to block LightSquared from building its LTE network, citing concerns over interference with GPS systems. Bloomberg's sources say that Sprint will have to return about $74 million to LightSquared.

more info at Bloomberg »

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Comments

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GettingSleepy

Mar 7, 2012, 10:28 AM

Will LightSquared sue the government?

LightSquared gives billions of dollars to the government to acquire spectrum licenses, then the government tells them they can't use it. It would be like Verizon or AT&T selling phones that are designed to not work on their networks.
GettingSleepy said:
LightSquared gives billions of dollars to the government to acquire spectrum licenses, then the government tells them they can't use it. It would be like Verizon or AT&T selling phones that are designed to not
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Manufacturers must submit phones to the FCC for prior approval.

Null argument.
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LightSquared pettitioned the US government for a condititional allowance for them as a special exception.....This was with the provision that they could make it work without interference.....something they could not previously accomplish. LS said *y...
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