8/2/2011

LightSquared expressed confidence last week that complaints about potential interference with GPS signals will not derail Federal Communications Commission approval of its proposed national wireless service by mid-December. The company announced it would partner with Sprint Nextel on a network-sharing deal under which the company would pay the carrier $9 billion in cash over 15 years. Also, the FCC denied allegations from an analyst that it took shortcuts in reviewing a waiver for LightSquared by failing to consult key staff members.

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