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.
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Sprint ends accord with LightSquared - KansasCity.com
Showing posts with label LightSquared. Show all posts
Showing posts with label LightSquared. Show all posts
Saturday, March 17, 2012
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