LightSquared and Sprint reportedly close to $20 billion LTE agreement, John Deere watching closely

Well, we already know that a certain tractor manufacturer isn’t particularly fond of LightSquared and its GPS-bustin’ LTE technology , but other companies with yellow logos apparently harbor a much different sentiment. Really, though, who wouldn’t be smiling when there’s a supposed $20 billion in it for you? According to the ever-familiar “people familiar” with the story, as quoted by Businessweek , LightSquared is getting closer to a long-rumored 15-year deal that would pay Sprint $20 billion in exchange for piggy-backing on its aggressive network expansion. This would help LightSquared get up to speed much more quickly, get Sprint access to some lovely LTE, and together completely revitalize the paper maps industry. LightSquared and Sprint reportedly close to $20 billion LTE agreement, John Deere watching closely originally appeared on Engadget on Thu, 02 Jun 2011 23:48:00 EDT. Please see our terms for use of feeds . Permalink

Posted by on June 2, 2011. Filed under News, Tech. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.