The 15-year, $9 billion dollar deal between Sprint and LightSquared inked in July is officially dead. This comes after a decision last month by the FCC to revoke LightSquared’s waiver to turn on its nationwide wireless network due to GPS interference. Sprint will return $65 million in prepayments, but has left the door open for future collaboration should LightSquared get its network off the ground. Read the full story at CNN Money
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.