LightSquared Reaches 15-Year LTE Deal with Sprint
According to a letter obtained by Bloomberg, LightSquared has struck a 15-year deal with Sprint that would have it share network expansion and equipment costs with Sprint, and also provide Long Term Evolution 4G mobile broadband services to Sprint. The information was conveyed to LightSquared's investors in a letter from Phillip Falcone, who is one of the major backers of LightSquared. Bloomberg quotes the letter as reading, "LightSquared and Sprint will jointly develop, deploy and operate LightSquared’s 4G LTE network. Sprint will become a significant customer of LightSquared's 4G LTE network." The deal between the two companies is said to be valued at $20 billion. LightSquared has been under fire of late concerning its planned network's interference with GPS systems. It has to submit a report about the issue to the Federal Communications Commission on July 1. A number of organizations, including the FAA and DoD, say that LightSquared's network, as proposed, won't work.
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.
Sprint's WiMax Shutdown May Halt Service for Charities
Sprint plans to deactivate its WiMax network on Nov. 6, but some charities say the change will eliminate internet service for some 300,000 Americans altogether.
Sprint Touts Network Progress
Sprint today offered a snapshot of the progress it has made deploying LTE around the country. According to its fourth quarter earnings, Sprint's LTE network now reaches 270 million POPs, up from 260 million in the previous quarter.
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.
Sprint Says Network Vision Is Basically Done
Sprint recently indicated that its years-long Network Vision project is coming to a close. Sprint's 1900MHz LTE network covers 260 million POPs, according to Sprint CFO Joe Euteneuer, who made the comments at a Bank of America investor conference this week.
Same Script, Different Cast
Bad news for clear
Next 365 days should be interesting.
one more reason sprint will be number one soon
getting the iphne 4 sept
unlim plan 69.99
the best droids in the markets period!!!
best 4g you like it or not
sprint its heading to the top!!!
feel bad for verizon lol