Sprint Nextel might be planning to terminate its relationship with Lightsquared and would return $65 million in prepayments, according to a new report.
A report in the Wall Street Journal claimed that the Sprint Nextel would exit from the 15-year contract with the broadband initiative on Friday. The development would leave Lightsquared without any major player in the industry to support its plan to construct a national wireless broadband network using satellite spectrum. Both the Sprint Nextel and Lightsquared did not comment on the matter.
A government ahs found that the proposed wireless network of LightSquared would seriously affect global positioning systems connectivity in India.
Satellite broadband wholesaler, LightSquared written to the Federal Communications Commission asking for a declaratory ruling to confirm its right to use spectrum that was licensed to the company by the authority.
GPS makers in the country have expressed concern over interference of the spectrum to GPS signals. LightSquared has asked the FCC to assure that GPS firms do not have any legal merit to ask for protection against interference.
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