Sprint Officially Says Sayonara to LightSquared
Sprint today announced that it is terminating its LTE network contract with embattled LightSquared. First tipped by the Wall Street Journal on Thursday, Sprint confirmed Friday that it is acting on its right to terminate the contract based on LightSquared's failure to gain regulatory approval to operate its LTE 4G network in L-band (1.6GHz) spectrum. "Sprint has been and continues to be supportive of LightSquared's business plans and appreciates the company's efforts to find a resolution to the interference issues impacting its ability to offer service on the 1.6GHz spectrum," the company said in a statement. "However, due to these unresolved issues, and subject to the provisions of the agreement, Sprint has elected to exercise its right to terminate the agreement announced last summer. We remain open to considering future spectrum hosting agreements with LightSquared, should they resolve these interference issues, as well as other interested spectrum holders." Sprint concluded by saying that the circumstances regarding LightSquared are unfortunate, but will have no impact on Sprint's Network Vision project, which it says is on schedule to launch LTE by the middle of the year.