Home  ›  News  ›

Sprint May Have to Write $65 Million Check to LightSquared

Article Comments  26  

Feb 15, 2012, 1:37 PM   by Eric M. Zeman

Sprint has indicated that it will have to repay LightSquared $65 million that it took as payment pending the companies' planned LTE partnership. Sprint has given LightSquared until March to convince the government that its network should be allowed to operate, though that outcome looks less likely now that the FCC has decided to act on a report submitted by the NTIA concerning interference with GPS.

Wall Street Journal »


more news about:



This forum is closed.

This forum is closed.


Feb 15, 2012, 3:35 PM


It just keeps getting better for Sprint each day. SMFH - that's all I have to day
Sprint continues to improve their network & services while others, like at&t, continue to decline.
I'm sorry to be rude but it's clear you have no idea how money works, let alone business. Sprint received the equivalent of a 65 million dollar 6 month interest free loan. There is absolutely no way that is a bad thing for Sprint.

For example,...

Feb 15, 2012, 2:07 PM

Could see this coming but....

Does Sprint have $65 Mil? 🙄
nope .. how would it pay its employees and apple?? i wonder what kinda rabbit dan is gonna pull out of his ass!

Feb 15, 2012, 4:47 PM

It seams that this isn't really money lost,

just a refund to LS. Although, I hope Sprint hadn't spent the money yet. I'm sure Sprint will find other investment opportunities.

It's not like they had to pay someone $4B+ for a failed merger attempt.
My mistake... thought this was about Sprint, not ATT.

Must be in the wrong thread.
Page  1  of 1

Subscribe to news & reviews with RSS Follow @phonescoop on Threads Follow @phonescoop on Mastodon Phone Scoop on Facebook Follow on Instagram



All content Copyright 2001-2023 Phone Factor, LLC. All Rights Reserved.
Content on this site may not be copied or republished without formal permission.