Sprint (S) tells LightSquared it has until mid-March to receive FCC clearance to build its 4G...

|About: Sprint Corporation (S)|By:, SA News Editor

Sprint (S) tells LightSquared it has until mid-March to receive FCC clearance to build its 4G LTE network, or else Sprint will terminate its 15-year network-sharing deal with the company. LightSquared's prospects took a major hit 2 weeks ago following the release of a critical letter supported by 9 government agencies. Without LightSquared, Sprint will badly need Clearwire's (CLWR) spectrum to build out its LTE network.