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
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with technology, media and marketing. Named LinkedIn’s “Top Voice in Technology,” he covers tech and business for Good Day New York, is a regular commentator on CNN and writes a popular daily business blog. He's a bestselling author, and the creator of the popular, free online course, Generative AI for Execs. Follow @shellypalmer or visit shellypalmer.com.
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