Overland Park-based Sprint Nextel Corp. canceled a network-sharing agreement with LightSquared Inc. on Friday, dealing billionaire Philip Falcone his biggest setback since regulators grounded the wireless venture last month.
Sprint said Friday it would return $65 million in payments it had received from LightSquared. In a separate statement, LightSquared said the return of cash gave it “more flexibility” to push toward creating a national wireless network.
For more, click the link below:
Sprint ends accord with LightSquared - KansasCity.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.