Sprint Will Bail on LightSquared If No FCC Nod by March
Sprint has extended the deadline it gave to LightSquared to win FCC approval by six more weeks. Sprint struck a deal with LightSquared in October that would have the two companies share wireless spectrum, network construction, and equipment costs. At the time, Sprint gave LightSquared until the end of the year to gain government approval for its planned Long Term Evolution 4G network. At the end of December, when the FCC hadn't made a decision, Sprint gave LightSquared a 30-day reprieve. Today, Sprint is giving LightSquared six more weeks, unti March, to gain the approval it needs from the FCC to begin operations. LightSquared has been at odds with the GPS industry over interference issues. If LightSquared doesn't get approval by March, Sprint will terminate its agreement with the company.
-- uhh.. you have till the end of Jan
-- uhh.. you have till March....