AfterDawn: Tech news

Lightsquared, Sprint sign 15-year expansion deal

Written by Andre Yoskowitz @ 28 Jul 2011 1:02

Lightsquared, Sprint sign 15-year expansion deal

LightSquared and Sprint have signed a 15-year deal, with the former paying Sprint to build and operate a nationwide LTE network.
The company will pay Sprint $9 billion in cash in the first 11 years, along with $4.5 billion in credits. Sprint can use those credits to acquire capacity from LightSquared once the network is up and running.

Says LS CEO Sanjiv Ahuja:

The benefit this provides is an acceleration of our buildout and at very efficient costs. This is very, very significant for LightSquared’s ability to build its business.


LS says with the deal it can offer services to 260 million Americans by the end of 2014, a year earlier than previously expected.

Sprint already had $5 billion earmarked for network upgrades within the next 5 years, so the latest deal will be a good source of revenue for the carrier. Additionally, the company can use LightSquared's network if capacity on their own WiMax network becomes overburdened.

Previous Next  
Comments have been disabled for this article.

Latest news

Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets Roomba Combo j7+ review - Clever trick allows robot vacuum finally to tackle home with rugs and carpets (06 Jun 2023 9:19)
Roomba Combo j7+ is the very first Roomba model to combine robot vacuum with mopping features. And Roomba Combo j7+ does all that with a very clever trick, which tackles the problem with mopping and carpets. But is it any good? We found out.
Neato, the robot vacuum company, ends its operations Neato, the robot vacuum company, ends its operations (02 May 2023 3:38)
Neato Robotics has ceased its operations. American robot vacuum pioneer founded in 2005 has finally called it quits and company will cease its operations and sales. Only a skeleton crew will remain who will keep the servers running until 2028.
5 user comments
How to Send Messages to Yourself on WhatsApp How to Send Messages to Yourself on WhatsApp (20 Mar 2023 1:25)
The world's most popular messaging platform, Meta-owned WhatsApp has enabled sending messages to yourself. While at first, this might seem like an odd feature, it can be very useful in a lot of situations. ....
18 user comments
How to Enable Bluetooth on Stadia Controller How to Enable Bluetooth on Stadia Controller (11 Feb 2023 1:04)
Google shut down its streaming game service Stadia late last month and this means that some people have Stadia controllers lying around that seem to be of no use. That is fortunately not the ....
2 user comments
Guide: How to Kick Unwanted Guests from Your Netflix Account Guide: How to Kick Unwanted Guests from Your Netflix Account (26 Jan 2023 2:14)
Sharing a Netflix account with a person in a different location is possible and indeed very common, although the company doesn't necessarily enjoy this behavior from their customers. However, ....

News archive