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Friday, July 29, 2011
Sprint, LightSquared strike 15-year deal for LTE wholesale network
Sprint and LTE technology provider LightSquared announced a 15-year deal Thursday that gives Sprint $9 billion in cash, primarily for spectrum hosting and LTE network services it would provide LightSquared. Sprint also has the option to buy LTE capacity from LightSquared, which could allow Sprint to move beyond its current commitment to Wimax as a fast 4G network service. And the deal allows LightSquared to use Sprint's existing 3G network to provide roaming data services to LightSquared's wholesale 4G customers.
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