LightSquared has still failed to obtain their clearance from the FCC to operate their 4G LTE network. This deal needs to get approval by Dec. 31 so existing wireless-spectrum and equipment sharing deals with Sprint can move forward. LightSquared is still facing issues with the U.S. government regarding GPS interference found in 75% of global positioning systems tested. Sprint has given LightSquared a 30 day extension to gain approval and they stand to gain $9 billion in cash and $4.5 billion in equipment if the deal goes through.
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