LightSquared and Sprint will jointly develop, deploy and operate
LightSquared's 4G LTE network.
become a significant customer of LightSquared's 4G LTE network. This information was disclosed in a letter from Billionaire Philip Falcone to investors.
The deal should give Sprint some help competing with AT&T and Verizon.
LightSquared is contributing $14 billion in private investment over the next eight years
to build a nationwide wireless broadband network using 4G-LTE
technology integrated with satellite coverage.
LightSquared will offer network capacity on a wholesale-only basis. They
claim that the 4G-LTE-satellite network will provide much-needed access to
businesses, healthcare facilities, tribal communities, and public safety
agencies throughout rural America.
The top current Sprint 4G WirMAX smartphone is expected to be the HTC EVO 3D.