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Sprint Parts Ways With LightSquared, Returns $65 Million

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http://www.talkandroid.com – Sprint and LightSquared had entered into an 11-year agreement last June to share network expansion costs if LightSquared could get regulatory approval for its LTE rollout plan. LightSquared was debating with the FCC about alleged GPS interference on the 1.6 GHz spectrum, and Sprint had given them a six-week deadline to sort it all out. Well, the six weeks is now up, and Sprint has decided to terminate the agreement, saying the following: “…due to these unresolved issues, and subject to the provisions of the agreement, Sprint has elected to exercise its right to terminate the agree (IT news)