Leaked reports from government test drafts indicate LightSquared's technology is still causing "harmful interference" to the majority of GPS receivers. LightSquared calls the allegations "patently false", adding "We are outraged by the illegal leak of incomplete government data to news organizations. This breach attempts to draw an inaccurate conclusion to negatively influence the future of LightSquared and narrowly serve the business interests of the GPS industry." They believe that the tests were conducted at power levels up to 15 times higher than what would actually be used in real world applications. LightSquared committed to working at lower power levels to minimize interference, and believe these reports to be erroneous. The currently have 30+ customers like Sprint and Best Buy hoping to use the network at a promised $7 per gigabyte price point. They have the 'ok' from the government to build the network, but won't allow them to activate until it passes their final round of testing.
LightSquared Leaked Reports Indicate Network Interferes with Great Majority of GPS ReceiversLeaked reports from government test drafts indicate LightSquared's technology is still causing "harmful interference" to the majority of GPS receivers. LightSquared calls the allegations "patently false", adding "We are outraged by the illegal leak of incomplete government data to news organizations. This breach attempts to draw an inaccurate conclusion to negatively influence the future of LightSquared and narrowly serve the business interests of the GPS industry." They believe that the tests were conducted at power levels up to 15 times higher than what would actually be used in real world applications. LightSquared committed to working at lower power levels to minimize interference, and believe these reports to be erroneous. The currently have 30+ customers like Sprint and Best Buy hoping to use the network at a promised $7 per gigabyte price point. They have the 'ok' from the government to build the network, but won't allow them to activate until it passes their final round of testing. San Francisco See's 4G LTE from AT&TRelated Links: AT&T Expects Record Smartphone Sales in 4QUBS Media & Communications Conference 2011 DALLAS--(BUSINESS WIRE)--John Stephens, AT&T Senior Executive Vice President and Chief Financial Officer, today announced that AT&T* is on track to break its single-quarter record for smartphone sales. Speaking at the UBS 39th Annual Global Media and Communications Conference in New York, Stephens said that AT&T sold about 6 million smartphones in the first two months of the fourth quarter. Because December is traditionally one of the strongest sales months, AT&T now expects to break the previous single-quarter smartphone record of 6.1 million. AT&T’s strong smartphone sales in part reflect a higher number of handset upgrades from customers who were waiting for the launch of a new iPhone. AT&T previously announced that it activated more than 1 million iPhone 4S’ in the first five days the device was available. AT&T said iPhone 4S sales remain strong. Only on AT&T’s network can iPhone 4S users download three times faster and talk and surf at the same time. Stephens also said today that AT&T will turn up additional 4G LTE markets, including New York City, this month, and expects to cover 70 million people with its LTE network by year-end 2011, consistent with its previously announced plans. The webcast of Stephens’ presentation will be available for replay on the AT&T Investor Relations website until Dec. 30, 2011. *AT&T products and services are provided or offered by subsidiaries and affiliates of AT&T Inc. under the AT&T brand and not by AT&T Inc. Related Links:
Clearwire Offers $300M In Stock, Sprint MatchingWith all the competition in the 4G markets, Clearwire has been struggling and plans to offer $300 million worth of Class A shares to the public. Sprint has agreed to match Clearwire by buying a matching amount of Class B shares allowing them to maintain their 49.6 percent voting stake in the company. In the most recent Clearwire deal Sprint received a flat rate for 4G data access, which will help them offer more unlimited data services over the course of the next few years. With these recent changes this stock move could bring up to $600 million or more in new investments to the companies. With the net proceeds Clearwire plans to deploy 4G LTE, which is the standard that Sprint is adapting to. Related Links: 4G LTE Sprint Devices Slated For Mid 2012According to Sprint's Chief Financial Officer Joseph Euteneuer he expects 4G LTE devices to enter the market in the second half of 2012. In Sprint's first LTE announcement they anticipated LTE devices by mid summer, but Eutenuer's comment doesn't suggest a large change in the LTE timeline. Sprint will have some ground to cover as Verizon Wireless already had 16 4G capable LTE devices and AT&T sits with 3 LTE capable devices currently. Sprint's goal is to have 15 4G LTE devices available next year and plans to cover 120 million people by the end of 2012, and 250 million people by 2013. With the latest agreement with Clearwire Sprint will have data access on a flat-rate basis through 2013, which suggests Sprint will be able to do more unlimited plans down the road. Related Links:
Comcast & Time Warner To Stop Selling Clearwire
ComCast and Time Warner plan to end their wholesale deal with Clearwire now that they are going to be wholesaling 3G/4G from Verizon in around six months. So, look for both to stop selling Clearwire sometime around May 2012. It is not clear what will happen to the Comcast's 30,000 WiMAX and 27,000 Time Warner WiMAX customers. So, if you are looking to purchase XFINITY Internet 2Go from Comcast, you might want to research in more detail before signing the contract. Verizon Accounts for 60% of Global LTE Subscribers
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