Yesterday, T-Mobile announced it would be launching its own 4G LTE network. Via Skip Ferderber of TechFlash:
The announcement, in a conference call with reporters, coincides with reports earlier today from Europe that Deutsche Telekom, T-Mobile’s Germany-based parent, is making a $4 billion investment in T-Mobile over time, and roughly $1.4 billion initially, to bolster its U.S. subsidiary’s ability to compete in the crowded American market.
In less positive news, Scott Moritz of Bloomberg (by way of the Washington Post) reports LightSquared, which has faced a major setback courtesy of the FCC for its plans to deploy a nationwide 4G LTE network, is cutting jobs:
Billionaire Philip Falcone’s LightSquared Inc. wireless venture is cutting 45 percent of its jobs, or about 149 positions, to preserve cash after its plan to start operating was rejected by U.S. regulators.