Sprint has reached a deal to deploy a 4G LTE network with LightSquared, Bloomberg reports. The deal could be worth as much as $20 billion over the next 15 years according to the report. “LightSquared and Sprint will jointly develop, deploy and operate LightSquared’s 4G LTE network,” LightSquared owner Philip Falcone wrote in a letter to Harbinger Capital Partners investors on Friday. “Sprint will become a significant customer of LightSquared’s 4G LTE network.” It is unclear what implications the deal might have for Sprint’s current 4G WiMAX network. A Sprint spokesperson declined to comment.
Zach Epstein has worked in and around ICT for more than 15 years, first in marketing and business development with two private telcos, then as a writer and editor covering business news, consumer electronics and telecommunications. Zach’s work has been quoted by countless top news publications in the US and around the world. He was also recently named one of the world's top-10 “power mobile influencers” by Forbes, as well as one of Inc. Magazine's top-30 Internet of Things experts.
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