7:00 AM -- As their LTE partnership deadline of March 15 looms, Sprint Nextel Corp. plans to end its network-sharing agreement with LightSquared, according to a Bloomberg report on Wednesday morning citing two people familiar with the deal. (See Sprint Gives LightSquared 'Til Mid-March.)
The symbolism of March 15, the Ides of March, just can't be ignored: Wouldn't this be the final, fatal blow for the already wounded, would-be U.S. LTE wholesaler?
But Sprint's deal termination probably doesn't make much of a difference to LightSquared's fate at this point: It has lost its CEO, after he slammed the FCC for not resolving the GPS interference issue; started to reduce its 330-strong workforce by 45 percent; failed to meet payment obligations to Inmarsat; and, ultimately, its LTE network plan didn't pass the conditional waiver stage at the FCC.
LightSquared should watch its back on March 15, but the outcome looks inevitable.
For more on the LightSquared saga:
— Michelle Donegan, European Editor, Light Reading Mobile