LightSquared and Sprint reportedly close to $20 billion LTE agreement

[zerocool84]

Well, we already know that a certain tractor manufacturer isn't particularly fond of LightSquared and its GPS-bustin' LTE technology, but other companies with yellow logos apparently harbor a much different sentiment. Really, though, who wouldn't be smiling when there's a supposed $20 billion in it for you? According to the ever-familiar "people familiar" with the story, as quoted by Businessweek, LightSquared is getting closer to a long-rumored 15-year deal that would pay Sprint $20 billion in exchange for piggy-backing on its aggressive network expansion. This would help LightSquared get up to speed much more quickly, get Sprint access to some lovely LTE, and together completely revitalize the paper maps industry.

Oh damn, I just got a new Sprint WiMAX phone. Sprint obviously won't turn WiMAX off any time soon but we all knew this was happening since WiMAX sucks compared to LTE.

http://www.engadget.com/2011/06/02/lightsquared-and-sprint-reportedly-close-to-20-billion-lte-agre/

 

[Bateluer]

Good for Sprint, they're going to need LTE.

It'll be nice when all the carriers are all sporting LTE networks.

 

[OBLAMA2009]

that story is bull. once verizon buys sprint they will just invest in building out the verizon network. it wont make sense to rent lte from a third party

 

[tonygeor]

that story is bull. once verizon buys sprint they will just invest in building out the verizon network. it wont make sense to rent lte from a third party

lol verizon will never be sprint...but more LTE the better