Sprint and LightSquared have entered a 15-year agreement to collaborate on spectrum hosting, network services, 4G wholesale and 3G roaming. LightSquared will pay Sprint to implement a nationwide LTE network that hosts L-Band spectrum licensed to or available to LightSquared. LightSquared will be able to sell the 4G broadband capacity produced in this deal to Sprint, other wireless carriers, and retail partners. The agreement provides that LightSquared will make payments to Sprint totaling about $9 billion in cash over an 11-year period.
Loading ...
Sprint, LightSquared Bank on Iffy Multibillion-Dollar Network Deal
Posted by: Rob Spiegel July 28, 2011 12:29 PMSprint and LightSquared have entered a 15-year agreement to collaborate on spectrum hosting, network services, 4G wholesale and 3G roaming. LightSquared will pay Sprint to implement a nationwide LTE network that hosts L-Band spectrum licensed to or available to LightSquared. LightSquared will be able to sell the 4G broadband capacity produced in this deal to Sprint, other wireless carriers, and retail partners. The agreement provides that LightSquared will make payments to Sprint totaling about $9 billion in cash over an 11-year period.