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 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.
T-Mobile Hopes to Woo Sprint With a New Tune
T-Mobile has approached Sprint with a new proposal, reports the Wall Street Journal, in an attempt to keep the potential merger of the two companies alive. Talks failed earlier this week when Masayoshi Son, CEO of Sprint parent SoftBank, appeared to walk away from the deal over a disagreement concerning which company would own the other.
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.
Queens Man Cited by FCC for Interfering with Sprint's Network
The FCC has filed a citation against a Queens, New York, man for operating equipment in the 1900MHz band that is interfering with Sprint's network. Sprint filed a complaint about interference issues on March 10.
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