LightSquared Wins Reprieve from Inmarsat
LightSquared and Inmarsat have amended their agreement such that LightSquared will be allowed to suspend making payments to Inmarsat until April 1, 2014. LightSquared was required to make the final Phase 1 payment of $56.25 million to Inmarsat, and the companies have agreed to suspend Phase 2 and all the associated payments until March 31, 2014. Before the terms were amended, LightSquared was in default on several payments to Inmarsat. These new terms give LightSquared some financial relief as well as more time to win regulatory approval to use the L-band spectrum for a terrestrial LTE 4G mobile broadband network. The Federal Communications Commission blocked LightSquared's plans in February. LightSquared is fighting the FCC's decision.
BlackBerry Wins $815M from Qualcomm for Overpaying Royalties
BlackBerry today said it received a favorable outcome after arbitrating a royalty payment issue with Qualcomm. The two companies entered into arbitration on April 20, 2016, over a dispute concerning "whether Qualcomm's agreement to cap certain royalties applied to payments made by BlackBerry under a license agreement between the parties." The binding arbitration settlement determined that Qualcomm's agreement did in fact apply to such payments, resulting in BlackBerry paying Qualcomm too much money.
Qualcomm Must Pay BlackBerry $940M to Settle Royalty Spat
BlackBerry today announced the final award in an arbitration case between it and Qualcomm that was tentatively settled in April. Qualcomm must repay BlackBerry of a total amount of $940 million, including interest and attorneys' fees — a number that's $125 million more than the original award announced last month.
Gov Taps AT&T to Build Dedicated First Responder Network
AT&T will build a nationwide wireless network explicitly for the use of first responders and emergency personnel, the company said today. The U.S.
Court: FCC Allowed to Manage Tower Siting Process
An appeals court sided with the FCC recently in a decision that upholds the agency's authority to accelerate the process of gaining local approval for cell towers. The U.S.
Mastercard Adds Retail Mobile Payments to Bank Apps
Android owners will soon be able to use their own mobile banking app — rather than Android Pay or Samsung Pay — to make tap-and-go payments in stores. Mastercard has expanded its Masterpass program to mobile devices so consumers can make contactless payments at various retailers.