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March 16, 2012 06:12 pm GMT

Sprint Officially Kills LightSquared Deal, Returns $65M In Prepayments

lightsquaredIt only seemed like a matter of time before things got worse for LightSquared, and today the nations third largest wireless carrier has dealt the ailing company another significant blow. With the upstart network provider unable to land FCC approval thanks to some pesky GPS interference issues, Sprint has announced that they have chosen to officially terminate their agreement with LightSquared.

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/GJpHxY5xCz8/

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