LightSquared and Sprint will jointly develop, deploy and operate
LightSquared's 4G LTE network.
Sprint will
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
consumers,
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.