Lightsquared-sprint contract terminated; business case for gps threat ends

The principal business prop under the LightSquared plan for ancillary terrestrial component (ATC) broadcast of a powerful signal that would have disrupted GPS operations dropped out from under the company on March 16, as wireless carrier Sprint terminated its $9 billion agreement with LightSquared. LightSquared had several such partnership agreements, but the Sprint deal was the largest, and in many eyes the driver of the aggressive plan. With it gone, LightSquared's other deals will likely dissipate — and the current threat, at least, to GPS industry and users should effectively go away.