Printed from http://www.electronista.com

Sprint gives LightSquared one more extension on FCC woes

updated 08:35 pm EST, Tue January 31, 2012

Sprint gives LightSquared short leash on GPS issue

Sprint in comments Tuesday revealed it had given LightSquared one more deadline extension for it to get FCC approval. The would-be 4G network had until mid-March to get clearance, a Sprint representative explained to Total Telecom. It had already been given an extension this month that had already run dry.

The offering would give LightSquared very little time to act. FCC officials have opened the floor to opinions on LightSquared's objections to what it sees as flawed and possibly rigged testing against GPS for interference. It has until February 27 for public comments and March 13 for responses. Short of a complete reversal of its position, the FCC likely wouldn't move quickly enough to avoid the extension running out again.

Losing Sprint's help would be costly and potentially fatal for LightSquared. It made a deal with Sprint to speed up its expansion and save money. Without it, LightSquared would need to spend another $13 billion in setting up its own cell towers and would move considerably more slowly.

Despite statements that it might close by spring without a cash injection, LightSquared has said it could still last through multiple quarters. Without this, though, it would need $3.5 billion to stay above water for the next two years and would have to hope that its parent hedge fund, Harbinger, would be willing to spend more.

LightSquared has been hoping it could be the infrastructure behind many other carriers' LTE-based 4G networks and has signed numerous deals in advance. If it shutters, it risks taking numerous startups or small companies down at the same time.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News