Sprint grants LightSquared last-minute stay of execution [telecom]

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This is from The Register:

by Bill Ray

Sprint Nextel has given wireless broadband biz LightSquared until the end of January to get FCC approval for its network, putting a hard deadline on the viability of its revolutionary plan.

LightSquared needs the regulator's thumbs-up to build its pan-US LTE network in bands formerly reserved for satellite comms, but it also needs Sprint to provide the cell sites and backhaul to make the dream a reality. So the pressure is on to get that approval, and justify the billions of dollars the company has already spent.