I touched base … Sanjiv Ahuja and he expressed an interest in meeting with you.… He is going to be in DC next week for a fundraising dinner with the President.
You may recall that you met with Sanjiv Ahuja about a year ago, with Phil Falcone … as Phil & Sanjiv were finalizing their plans for a new wireless broadband network…. Sanjiv will be at a fund-raiser dinner with the President on September 30 and would like to visit with you … and Aneesh Chopra…
Sources: Washington Post, Light Squared, Forbes [Philip Falcone bio], NTIA
quote: Lightsquared is NOT, I repeat NOT, building Sprint's LTE network.Sprint is building their own LTE network using their own spectrum and their own towers.Lightsquared partnered with sprint to use sprint's towers for their LTE deployment. It would have been a win for both if lightsquared actually had a snowballs chance in h e double hockey sticks of getting approval for their network.
quote: Under the agreement LightSquared will give Sprint $9B USD in cash for the infrastructure deployment, as well as "purchase credits" for LTE and satellite service valued at $4.5B USD.Under the convoluted deal, which ties the two companies closely together, Sprint may be able to purchase extra LTE services from LightSquared, using the network it was paid to deploy. Other carriers may also purchase LightSquared services (perhaps AT&T or Verizon).