Sprint Signs 15 Year Agreement with LightSquared Which Includes 4G LTE Wholesale

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Sprint signed a 15-year contract with LightSquared in order to bring the power of 4G/LTE to its customers.

“RESTON, Va. & OVERLAND PARK, Kan. (BUSINESS WIRE), July 28, 2011 – LightSquared™, the nation’s first wholesale-only integrated 4G-LTE wireless broadband and satellite network, and Sprint Nextel (NYSE: S) announced today they have entered into a 15-year agreement that includes spectrum hosting and network services, 4G wholesale, and 3G roaming.

This spectrum hosting arrangement leverages Sprint’s investment in its innovative, multi-year Network Vision plan. Under the agreement, LightSquared will pay Sprint to deploy and operate a nationwide LTE network that hosts L-Band spectrum licensed to or available to LightSquared. As a wholesale-only carrier with separate core network operations, LightSquared can sell its 4G broadband capacity produced through this spectrum hosting relationship to Sprint, other wireless carriers, and retail partners”.

 

[full press release]

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