Sprint has canceled the 15-year agreement it inked with LightSquared last July to build out and license a 4G network. LightSquared was to have used this network, together with its own infrastructure, to launch its service. The agreement would have been beneficial to Sprint as well, as it had hoped to use LightSquared’s network to relieve its own spectrum shortage. However, Sprint apparently has lost faith that LightSquared can deliver on its original promise. The company has encountered a number of regulatory hurdles in seeking approval for its network, and the FCC has indicated it will revoke the waiver that allowed its development.
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Sprint Cuts LightSquared's Rope
Posted by: Erika Morphy March 19, 2012 09:50 AMSprint has canceled the 15-year agreement it inked with LightSquared last July to build out and license a 4G network. LightSquared was to have used this network, together with its own infrastructure, to launch its service. The agreement would have been beneficial to Sprint as well, as it had hoped to use LightSquared’s network to relieve its own spectrum shortage. However, Sprint apparently has lost faith that LightSquared can deliver on its original promise. The company has encountered a number of regulatory hurdles in seeking approval for its network, and the FCC has indicated it will revoke the waiver that allowed its development.