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Sprint Grants LightSquared 30-Day Reprieve on FCC Clearance

JANUARY 2, 2012, 4:26 A.M. ET


NEW YORK -- Sprint Nextel Corp. said Sunday it gave billionaire Philip Falcone's LightSquared Inc. wireless venture a 30-day extension to a Dec. 31 deadline to get Federal Communications Commission clearance to operate its network.....