Sprint, Falcone’s LightSquared Said to Discuss Network Deal
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Philip Falcone’s LightSquared Inc. wireless venture is in discussions to use Sprint Nextel Corp.’s cell sites and equipment to help build out its network, three people familiar with the talks said.
The deal would allow LightSquared to roll out its network more quickly and at lower cost, said the people, who declined to be identified because the talks aren’t public. Sprint’s plan to spend $5 billion in infrastructure upgrades would leave it with extra capacity it can offer to LightSquared, the people said.