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  1.    #1  
    Hi all,

    The article does bring up an important question, where is LightSquared getting $2 billion a year?

    Please us the link to read the balance of the article.

    Take care,

    Jay

    LightSquared Near $2 Billion a Year Sprint Deal: Sources

    By REUTERS, June 1, 2011,(Reporting by Sinead Carew and Nadia Damouni; editing by Gerald E. McCormick)

    http://www.nytimes.com/reuters/2011/...gewanted=print

    NEW YORK (Reuters) - Sprint Nextel Corp is close to completing a $2 billion-a-year network sharing agreement with hedge fund billionaire Phil Falcone's LightSquared telecommunications venture, sources familiar with the matter said on Wednesday.

    Under the proposed agreement, LightSquared would pay $2 billion a year to rent space on Sprint's network to launch its own high-speed wireless services, according to a person who asked not to be named because the details are not yet public.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  2. #2  
    Looks like the deal will be going through. Not sure how this will affect current 4G WiMax users though.

    Sprint to deploy 4G LTE network with LightSquared

    Sprint has reached a deal to deploy a 4G LTE network with LightSquared, Bloomberg reports. The deal could be worth as much as $20 billion over the next 15 years according to the report. “LightSquared and Sprint will jointly develop, deploy and operate LightSquared’s 4G LTE network,” LightSquared owner Philip Falcone wrote in a letter to Harbinger Capital Partners investors on Friday. “Sprint will become a significant customer of LightSquared’s 4G LTE network.” It is unclear what implications the deal might have for Sprint’s current 4G WiMAX network. A Sprint spokesperson declined to comment.
  3.    #3  
    Hi all,

    Here is some followup info....Please use the link to read the balance of the story.

    take care,

    Jay

    Falcone’s LightSquared in Deal With Sprint
    By Greg Bensinger - Jun 17, 2011 7:05 PM ET

    \http://www.bloomberg.com/news/2011-06-17/falcone-s-lightsquared-venture-reaches-a-15-year-network-deal-with-sprint.html

    Billionaire Philip Falcone’s LightSquared Inc. reached a 15-year deal with Sprint Nextel Corp. (S) to share network expansion costs and equipment, and to provide high-speed wireless service to the phone company.

    Falcone told Harbinger Capital Partners hedge fund investors about the accord in a letter today obtained by Bloomberg News. The companies were discussing a deal valued at as much as $20 billion, people familiar with the matter said earlier this month.
    Please Support Research into Fibromyalgia, Chronic Pain and Spinal Injuries. If You Suffer from These, Consider Joining or Better Yet Forming a Support Group. No One Should Suffer from the Burden of Chronic Pain, Jay M. S. Founder, Leesburg Fibromyalgia/Resources Group
  4. #4  
    Wow, shocker... Sprint hitching its' 4G wagon to another loser: LightSquared GPS interference woes

    On Tuesday, one agency said LightSquared's network flunked GPS tests. By late Wednesday, when its report was due, LightSquared asked for and was granted an extension to file.
  5. #5  
    Quote Originally Posted by jimijames View Post
    Wow, shocker... Sprint hitching its' 4G wagon to another loser: LightSquared GPS interference woes

    On Tuesday, one agency said LightSquared's network flunked GPS tests. By late Wednesday, when its report was due, LightSquared asked for and was granted an extension to file.
    It's been going on for months.

    The GPS industry is mounting a concerted campaign againts Lightsquared. And rightly so.

    LightSquared, FCC Rebuttals Distort Record | GPS World

    GPS World has loads or articles about it.

    Your consumer grade GPS should be largely unaffected. Anyone that uses precision GPS eg. farmers, surveyors etc will loose out big style.
  6. #6  
    From Sprint's perspective, Clearwire has been unable to deliver an acceptable expansion rate, and they seem to have some cash management problems. I think most people saw this one coming.
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    #7  
    I am a pilot and the Air Line Pilot Association (ALPA) just filed their (op)position on LTE:

    ALPA FastRead

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