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Sprint Puts Investment in LightSquared on Hold / Media flub on LTE Phone #LTE #GPS

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Sprint Puts Investment in LightSquared on Hold

January 06, 2012, 4:45 AM EST

By Scott Moritz and Todd Shields
(Updates with LightSquared comment in seventh paragraph.)

Jan. 5 (Bloomberg) -- Sprint Nextel Corp. put its investment in a partnership with LightSquared Inc. on hold as the wireless venture seeks an operating license from U.S. regulators, Sprint Chief Executive Officer Dan Hesse said.

The CEO told a Citigroup Inc. conference in San Francisco today that he hopes LightSquared, backed by billionaire Philip Falcone’s hedge fund, can resolve technology hurdles needed to gain regulatory approval.

“The companies have agreed to realigning our...

Sprint Announces First LTE Cities and, Prematurely, Its First LTE Phone

JANUARY 5, 2012 AT 3:28 PM PT

Sprint made a bunch of 4G network news on Thursday and some of it was even intentional.
On the intended front, CEO Dan Hesse told investors that the company would launch its first high-speed LTE service before the middle of the year in Atlanta, Dallas, Houston and San Antonio....