Right on time, Sprint has just announced that it has entered into a 15-year agreement with LightSquared to provide 4G LTE capabilities on its network. According to Sprint's press release, "LightSquared will make payments to Sprint of approximately $9 billion in cash for spectrum hosting and network services as well as LTE and satellite purchase credits which are currently estimated to be valued at approximately $4.5 billion".
With this deal going ahead, LightSquared expects nationwide 4G to cover 260 million people in the USA by 2014 - one year ahead of the FCC mandate of 2015.
“This spectrum hosting agreement with LightSquared allows Sprint to more efficiently use its Network Vision platform,” said Steve Elfman, president of Network Operations and Wholesale for Sprint.
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