The
rumors were true, but given the long, torrid affair between these two it shouldn't be a surprise. Sprint and LightSquared have confirmed their intentions to the world, stepping into a whopping 15 year agreement that will be worth $9 billion in cash for Sprint and will save LightSquared an estimated $13 billion. LightSquared will have the right to sell access to Sprint's burgeoning LTE network, while Sprint can also piggy-back on the other's existing capacity where needed. Additionally, LightSquared will be able to roam on Sprint's current 3G network, opening new doors for one while helping the other accelerate its apparent transition to LTE. This is of course good news for Sprint and naturally for LightSquared, which is trying desperately to put the whole
GPS fiasco behind it. The loser?
Clearwire, we'd say -- and WiMAX in general.
Continue reading Sprint and LightSquared confirm agreement, 15 years worth of LTE network sharing and more
Sprint and LightSquared confirm agreement, 15 years worth of LTE network sharing and more originally appeared on Engadget on Thu, 28 Jul 2011 07:19:00 EDT. Please see our terms for use of feeds.
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