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Sprint Nextel to pull the plug on Lightsquared partnership | Mobile - CNET News

Sam Wormley Mar 15, 2012 11:08 PM
Posted in group: sci.geo.satellite-nav

> Sprint Nextel plans to terminate its 15-year contract with the foundering wireless broadband effort on Friday and return $65 million in prepayments, according to The Wall Street Journal. The cancellation would leave Lightsquared without a major partner for its effort to build a national wireless broadband network using satellite spectrum.