LightSquared Near to Inking Deal with Sprint
According to unnamed sources cited by Reuters, LightSquared is on the cusp of signing a $2 billion network agreement with Sprint. Under the terms of the proposal, LightSquared would pay Sprint $2 billion per year to rent network access on Sprint's 40,000 cell towers across the U.S., which it would use to run its own network on its own spectrum. Reuters' sources didn't provide details on exactly how this arrangement would work, but indicated the agreement, if signed, would last for eight years. Both LightSquared and Sprint are looking for various ways to fund network improvement projects. Earlier today, Bloomberg said that LightSquared is close to a deal with AT&T.
Sprint's 'Magic Box' Is An In-Home Small Cell to Help Improve Coverage
Sprint today announced the Magic Box, a tool Sprint hopes consumers and businesses will use to help it densify its LTE network. The Magic Box is similar to a signal booster in that owners place it in a window.
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 to Sell Certain Network Assets for $2.2 Billion
Sprint has agreed to sell select network assets to a company called Network LeaseCo and then lease back those assets for an unspecified sum. The move is meant to boost Sprint's cash position and will eventually add $2.2 billion to the company's coffers.
Sprint Signs Altice USA As Its Latest MVNO
Sprint has signed an agreement with Altice USA to resell Sprint service as an MVNO. Sprint is calling the deal a first-of-its-kind arrangement, as it will see the companies sharing services.
this just in!
Basically anyone that will ink a deal with them and solve their GPS frequency interruptions!