Sprint to Stop Sending LightSquared Money for Now
Sprint will not give LightSquared any more cash until the company's problems with the Federal Communications Commission are resolved, said Sprint CEO Dan Hesse today at an investor conference. LightSquared hopes to launch a Long Term Evolution 4G mobile broadband network across much of the U.S. using L-band satellite spectrum. It is still awaiting government approval, and tests have shown that its network interferes with nearby GPS signals. The company demanded the FCC allow it to commence operations, but the FCC has yet to make a decision. "The companies have agreed to realigning our deployment timeline to coincide with potential FCC actions," said spokesperson Scott Sloat in an e-mail sent to Bloomberg. Sprint has given LightSquared until the end of January to score FCC approval before it backs out of the network-leasing deal the companies struck in 2011.
Sprint Not Concerned About Title II Classification
Sprint today said it is not worried about the FCC's potential reclassification of broadband to a public utility or Title II Telecommunications Service. "Sprint does not believe that a light touch application of Title II, including appropriate forbearance, would harm the continued investment in, and deployment of, mobile broadband services," wrote Sprint CTO Stephen Bye.
FCC Commish Uses Sprint As Launch Point to Bash Auction
Following Sprint's decision to skip next year's 600MHz incentive auction, FCC Commissioner Ajit Pai had harsh words for the FCC's plans. "Sprint's decision highlights the folly of the FCC's attempt to pick winners and losers before the auction begins," said Pai, in reference to the rules being assigned to the auction.
Sprint to Skip 600MHz Incentive Auction
Sprint today said it will not participate in the 600MHz reverse auction planned for next year. The company believes its spectrum position is "sufficient to provide its current and future customers great network coverage." Sprint owns significant amounts of spectrum, but much of it is concentrated in the 2.5GHz range.
Masayoshi Son Would Consider Selling Sprint Spectrum
SoftBank CEO and Sprint Chairman Masayoshi Son indicated he'd be willing to sell some of the company's 2.5GHz spectrum assets to keep Sprint funded. Sprint gained a massive amount of 2.5GHz spectrum holdings when it purchased Clearwire.
Slightyly off topic... but is Lightsquared getting screwed here?
I'm not asking from a company v company perspective. I'm asking from a legal perspective. If LightSquared is correct when they claim that the rest of the GPS industry is using frequencies outside of it's legally al
This essentially is an eviction notice by Sprint. Sprint knows that there is no way LightSquared will get approval from the FCC. Sprint's focus will be better used on Clearwire. Sprint's 5Mhz x 5Mhz will be completely "under-nourished" within a quick time span compared to AT&T Mobility and Verizon Wireless by the end of this year. Clearwire's 2.5Ghz spectrum holdings will become Sprint's greatest asset in adding a substantial amount of capacity to their network. This will catapult Sprint to a very potent network position.
It's always good--