Sprint and LightSquared agreement could come to an end

Sprint Nextel has given LightSquared six more weeks till March to get FCC approval or the agreement to work together for 15 years will come to an end.

"Sprint and LightSquared have extended their agreement until mid-March to give LightSquared additional time to address issues associated with the 1.6 spectrum," Sprint said in a statement on Tuesday. It also gave more details about a temporary stop to work on the project pending the regulatory approval, "At the end of 2011, Sprint and LightSquared jointly decided to pull back on expenses and stop new deployment design and implementation. All work has been halted. This helps ensure Sprint's Network Vision project remains on schedule."

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