Sprint to deploy 4G LTE network with LightSquared

Sprint has reached a deal to deploy a 4G LTE network with�LightSquared, Bloomberg reports. The deal could be worth as much as $20 billion over the next 15 years according to the report. “LightSquared and Sprint will jointly develop, deploy and operate LightSquared?s 4G LTE network,” LightSquared owner Philip Falcone wrote in a letter to Harbinger Capital Partners investors on Friday. “Sprint will become a significant customer of LightSquared?s 4G LTE network.” It is unclear what implications the deal might have for Sprint’s current 4G WiMAX network.�A Sprint spokesperson declined to comment. Read

Source: http://www.bgr.com/2011/06/17/sprint-to-deploy-4g-lte-network-with-lightsquared/

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