News by Dan Seifert on Monday January 02, 2012.
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Sprint has announced that it is giving LightSquared an additional 30 days to gain approval from the Federal Communications Commission for its 4G LTE network. The original terms between Sprint and LightSquared had a December 31, 2011 deadline for federal approval of the proposed network.
Sprint and LightSquared signed a 15-year agreement in 2011, where Sprint would help build and deploy LightSquared's network, and, in return, LightSquared would give Sprint priority access to its spectrum and services. The deal is said to save LightSquared $13 billion by the end of this decade.
LightSquared has faced a lot of opposition to its proposed network from legislators and the GPS industry. Numerous tests have shown that LightSquared's network will cause interference with existing GPS devices. LightSquared has proposed numerous solutions to the interference issue, including using only a portion of its available spectrum and developing filters that can be retrofitted onto GPS devices, but it still has not gained approval from the FCC for its network. [via Wall Street Journal]
Dan is MobileBurn.com's Editor-in-Chief. Based in Poughkeepsie in New York, Dan can be found on Twitter as @DCSeifert.