And that, as they say, is that. Sprint this morning announced that its spectrum deal with LightSquared is officially over, and the two companies will go their separate ways. LightSquared's going away with $65 million back in its pockets -- money that Sprint had already accepted as prepayment for costs that were never realized.
Said Sprint in a news release:
“Sprint has been and continues to...
Thing 1: CES recap
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Thing 2: 11 billion downloads, Google Wallet still alive
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Thing 3: Ice Cream Sandwich updates
Ice Cream Sandwich for the Motorola Xoom appears to be rolling out now to...
Posted by Jerry Hildenbrand on 19 Jan 2012 9:57 am
This is getting interesting. After the recent news that federal testing determined LightSquared's LTE network plans would never work without interfering with GPS (and a cease to any further testing) LightSquared has come back with guns blazing. In a statement, the company has accused the GPS industry of rigging the results by using antiquated equipment, shrouding the entire process in secrecy...
Posted by Jerry Hildenbrand on 16 Jan 2012 5:21 pm
Think back to last summer, when the weather was warm and we all expected a formal announcement about LightSquared and Sprint launching their shared LTE network. Back to today, and we find out that the National Space-Based Positioning, Navigation and Timing Executive Committee (some of the folks who decide all this stuff) have determined that none of the proposals submitted by LightSquared will...
Posted by Jerry Hildenbrand on 17 Jun 2011 8:35 pm
Sprint Nextel corp and LightSquared, Inc. have just reached a 15-year deal to provide high-speed LTE services, equipment, and share expansion costs, according to Bloomberg. All the details haven't been announced, but according to insiders the deal could be valued as high as $20 billion. From a letter from LightSquared financial backer Phillip Falcone to Harbinger Capital Partner investors...