As Carl Icahn prepares to take the wheel, buttressed by a cushion of distressed LightSquared debt, Sprint appears close to ending its ill-fated dance with the upstart LTE provider. After granting the Falcone-backed company a 30-day extension earlier this January, the Hesse-led co is taking one last stab at making that 15-year resource sharing agreement work, giving the beleaguered network an additional six weeks to garner regulatory approval for its controversial spectrum. As it stands, the fate of LS' wholesale 4G operation lies within the FCC's hands and with no hard date for a final ruling in sight, it's easy to read this last lifeline as the end.

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