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Sprint Will Bail on LightSquared If No FCC Nod by March

Jan 31, 2012, 3:41 PM by Eric M. Zeman
updated Jan 31, 2012, 3:43 PM

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.

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Comments

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This forum is closed.

cutboy1985

Jan 31, 2012, 5:33 PM

Desperate!

Sprint really is in need for this deal to fall thru so they can have help with the build out of their LTE network. I wonder how slow their LTE network will deploy if this deal fails?

Vmac39

Really? I'm no fan of Sprint but, they've been trying to work out a deal with Light Squared for sometime now. I can't imagine that they would want the deal to fall through but, they can't wait too much longer and hope that LS can gain the FCC's approv...
(continues)

...

Iknownothing

Sprint does not need lightsquared to help them build their network. That was never the deal. Lightsquared hired Sprint to help them (lightsquared) build their network. In exchange Sprint would gain use of LS's spectrum. Sprint is building the netw...
(continues)

...

dlmjr

Feb 1, 2012, 1:01 PM

Ha...

Sprint -- uhh.. you have till end of Dec
-- uhh.. you have till the end of Jan
-- uhh.. you have till March....

🤣

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