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.
T-Mobile Wants $1B Break-Up Fee If Sprint Deal Fails
T-Mobile and Sprint are weighing several big factors ahead of a potential merger between the two. To start, Deutsche Telekom, a two-thirds owner of T-Mobile, is demanding a break-up fee of at least $1 billion if the merger is shot down by U.S.
Sprint Uninterested In the Uncarrier, Will Abandon Merger
Sprint plans to end its pursuit of T-Mobile. The company and its owner SoftBank have been weighing the idea for nearly a year.
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.
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--