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The Podium

Tuesday, January 03

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An Extension for LightSquared

By Brad

With mobile broadband start-up LightSquared continuing to face regulatory problems, Greg Bensinger of Dow Jones reports Sprint — which has struck a tentative 15-year deal with the company — has offered an extension:

Sprint Nextel Corp. said Sunday it gave billionaire Philip Falcone’s LightSquared Inc. wireless venture a 30-day extension to a Dec. 31 deadline to get Federal Communications Commission clearance to operate its network.

Sprint’s is looking to partially deploy its 4G LTE network on LightSquared’s spectrum, so gaining regulatory approval is a big deal for both companies.

 

Tags: fcc, spectrum, sprint, 4g lte, lightsquared

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