Sprint to Walk Away from LightSquared Deal
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.
Sprint Uninterested In the Uncarrier, Will Abandon Merger
Sprint plans to end its pursuit of T-Mobile. The company and its owner SoftBank have been weighing the idea for nearly a year.
Sprint May Scoop Up Half of RadioShack's Stores
RadioShack and its creditors might sell half the company's stores to Sprint and close the remaining locations, reports Bloomberg. Sources familiar with the companies' plans suggest Sprint would rebrand the RadioShack stores, which would cease to exist as stand-alone electronics stores.
Sprint to Kill Off WiMax Once and for All On Nov. 6, 2015
Sprint today confirmed it will permanently shutter its WiMax network on or around November 6, 2015. The company had previously said it would operate the failed 4G network until "the end of 2015." Sprint said it has identified 6,000 "redundant sites that we expect to decommission and terminate the underlying leases," as part of the process, which will save the company some money.
Sprint Can Commence WiMax Shutdown
A Massachusetts court has given Sprint permission to turn off its WiMax network in stages over the next two months. Sprint will turn WiMax off in 16 cities, including New York, today, with 39 more to follow on February 29, and the remaining 25 cities on March 31.
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