Sprint Will Bail on LightSquared If No FCC Nod by March
Updated: altered headlibe
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.
Dec 12, 2018
Canada has released Meng Wanzhou, Huawei's CFO, after her lawyers convinced a judge to grant bail. Meng was arrested in Vancouver on December 1 at the behest of the U.S.
Apr 17, 2018
The FCC today moved forward with a plan that would make it harder and/or more expensive for U.S. companies to buy equipment from corporations that might pose a security risk.
Mar 26, 2018
FCC Chairman Ajit Pai wants to prevent the government and companies from using the Universal Service Fund to buy equipment from companies that represent a security threat to the U.S. "Threats to national security posed by certain communications equipment providers are a matter of bipartisan concern.
Jul 26, 2019
The US Department of Justice has given its blessing to the proposed merger of T-Mobile and Sprint. Several conditions — including a comprehensive deal with Dish intended to create a small fourth national carrier — have satisfied the federal government's anti-trust concerns.
Jul 26, 2019
Dish Network will pay $5 billion to buy significant Sprint assets in an attempt to create a new national 5G wireless network, in a deal brokered by the US Department of Justice to win approval for T-Mobile merging with Sprint. The deal includes $3.6 billion for licenses to 14 MHz of nationwide 800 MHz spectrum.
-- uhh.. you have till the end of Jan
-- uhh.. you have till March....