Et tu, Hesse?

“Beware the Ides of March,” they told Caesar. Lightsquared is facing a milestone date on 15 March 2012 in their agreement with Sprint. According to Bloomberg, the part of Brutus will be played by Dan Hesse, CEO of Sprint

Sprint Nextel Corp. plans to end a network-sharing agreement with billionaire Philip Falcone’s LightSquared Inc. wireless venture as early as next week, according to two people familiar with the matter.

Sprint is preparing to take the step as LightSquared approaches a March 15 deadline to meet certain conditions under the agreement, said the people, who wouldn’t be identified because the information isn’t public. Sprint and LightSquared struck an 11-year deal to share network expansion costs and equipment in June provided LightSquared secure regulatory approvals for its wireless service by December. Though Sprint pushed the deadline back, it doesn’t plan more extensions, the people said.

The loss of Sprint would fuel concerns about the viability of LightSquared and mark another setback for Falcone. The hedge fund manager has invested about $3 billion from his Harbinger Capital Partners in LightSquared in an effort to create a national wireless carrier to compete against AT&T Inc. and Verizon Wireless.

Playing the part of Julius Ceasar will be Philip Falcone.


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2 Comments

  • Materialy budowlane says:

    Utterly written content material, thank you for selective information. “In the fight between you and the world, back the world.” by Frank Zappa.

  • UEFA Euro 2012 Cup says:

    Victor Hugo: “If suffer we must, let’s suffer on the heights.”

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