It’s official: Sprint has ended its agreement with wireless startup LightSquared, saying it “continues to be supportive of LightSquared’s business plans,” according to a statement released on Friday.
Sprint has returned $65 million in prepayments to LightSquared, but would be open to a deal in the future if LightSquared can work with the FCC to resolve potential GPS interference issues “impacting its ability to offer service on the 1.6 GHz spectrum,” explains the release.
The startup recently hired a high-powered legal team to challenge regulators who aim to shut down the company due to interference concerns. According to AllThingsD, the team is led by former Bush administration solicitor general Ted Olson, and Eugene Scalia, son of Supreme Court Justice Antonin Scalia.
“We will do all we can to ensure that LightSquared does not lose billions of dollars in investments due to a precipitous, arbitrary reversal by the government,” Olson said in a statement.
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