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john44

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john44

Re: shappy post# 713

Monday, 09/26/2011 5:54:09 PM

Monday, September 26, 2011 5:54:09 PM

Post# of 8107
Was this item missed? $9 billion contract over 11 years with LightSquared.


The company, which is backed by Falcone's Harbinger Capital Partners hedge fund, signed a 15-year contract with Sprint Nextel Corp. (S) to share construction costs as Sprint upgrades its network. LightSquared will pay Sprint $9 billion over 11 years to host its network signal and for other services.
LightSquared has signed deals with Best Buy Co. (BBY) and several websites, and today said it reached an agreement with AirTouch Communications Inc. (ATCH).

-By Greg Bensinger, Dow Jones Newswires; 212-416-4676; greg.bensinger@dowjones.com
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