The 15-year, $9 billion dollar deal between Sprint and LightSquared inked in July is officially dead. This comes after a decision last month by the FCC to revoke LightSquared’s waiver to turn on its nationwide wireless network due to GPS interference. Sprint will return $65 million in prepayments, but has left the door open for future collaboration should LightSquared get its network off the ground. Read the full story at CNN Money
About Shelly Palmer
Named LinkedIn’s #1 Voice in Technology for 2017, Shelly Palmer is CEO of The Palmer Group, a strategic advisory, technology solutions and business development practice focused at the nexus of media and marketing with a special emphasis on machine learning and data-driven decision-making. He is Fox 5 New York's on-air tech and digital media expert, writes a weekly column for AdAge, and is a regular commentator on CNBC and CNN. Follow @shellypalmer or visit shellypalmer.com or subscribe to our daily email http://ow.ly/WsHcb
Like it? Tweet it.
"An End to the Sprint-LightSquared Deal" by @ShellyPalmer
600,000 subscribers and counting...
We write a daily newsletter featuring current events and the top stories in technology, media, marketing and entertainment.Subscribe