LightSquared Update - Sprint Pulls Out - 3/16/12

Lot of smal news on the LightSquared front:

Today Sprint has desolved its partnership with the company. Sprint is returning $65 million in prepayments to LightSquared.

- Forbes

- LS press release ("It's best")

GOP Rep. Alan Nunnelee (Miss.) urged the Federal Communications Commission (FCC) to not block wireless startup LightSquared's planned 4G network in a filing with the agency [in a Feb 28 letter to the FCC].

- The Hill Blog

In a filing with the Federal Communications Commission’s (FCC) International Bureau, the American Soybean Association (ASA) and other organizations representing farmers and agribusinesses in all 50 states declared that “high-precision GPS technology is vitally important to American agriculture, and would be gravely harmed by LightSquared’s plans.”

- Delta Farm Press (The folks at the Save Our GPS Coalition distributed the ASA press release.)

LightSquared hired Ted Olsen, Bush's lawyer in Bush v. Gore, for its legal counsel going forward.

- Telcoms

Today (Friday Mar 16) is the last day for comments on the FCC's planned decision to deny LightSquared a license to proceed.

Published Friday, March 16th, 2012

Written by Adena Schutzberg

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